GTC Biotherapeutics (fka GTCB)

[jessellivermore]

Why is GTC trading at $.40 ????

Thats pretty easy.. The market sees they have only enough money to fund about three or months of overhead and salaries. The market as many of our posters do sees this very simplistically and figure they will go bankrupt in a short time. The market is not taking into consideration the effect of GTC closing up shop will have on its partners. It is also not taking into consideration that GTC recent partnering with Ovation took place at a time when GTC's finances were essentially as they are today. Why would Ovation partner with GTC if they thought there was a substantial chance GTC would be out of business by December???