GTC Biotherapeutics (fka GTCB)

[croumagnon]

"I do expect it <<RS>> to happen at some point if GTC is not acquired or merged."

I can think of many scenarios where a Reverse Stock split will not happen even if GTCB is not acquired or merged. I do not think management wants a Reverse Stock split or else they would have already done it. Therefore, I think their hope is that some upcoming good news will spike the stock past $1 before year-end, and then the RS will become history as we (hopefully) glide into US ATryn approval...

Based on what we saw lately, I think even the FDA acceptance of the BLA and the granting of priority review could make us knock on the door to $1. Additionally, one more reasonable partnership (FOB?) will certainly make sub $1 history...

At any rate, they have untill about Feb 2009 before they will have to effect a RS if needed, and I hope they do not rush into it in 2008, especially since tax-loss season will soon be upon us...

PS: I have been adding slowly to my position lately. I had hoped to wait for the low $0.5s but I am not sure we will get there..