GTC Biotherapeutics (fka GTCB)

[croumagnon]

So, if you think GTCB will most likely go the route of a buyout in the next 12 weeks and at a price over $1, then you must still believe that at $0.4 GTCB is still the best bet in the market currently...

In that case, what is stopping all of us from putting everything we own in GTCB? I suppose the answer is the unknown relating to a possible sudden financing by management at the $0.4 level or the possibility of filing for Chapter 11. Regarding financing at these levels, I see that as a very remote possibility at best because they would need to sell at least as many shares as they currently have in their float in order to secure the next year, and that would be disastrous for the stock besides the fact that they would have a tough time doing it in this market. As for filing chapter 11, I am not sure how that would help management in this particular case because it is not like they have to cover debts slowly but surely with assets that they already have...

I have to admit that I am a bit perplexed and confused by what the near future would bring in this case! Either we are witnessing the biggest scam as of late, or else GTCB has got to be the best possible opportunity currently...