GTC Biotherapeutics (fka GTCB)

[DragonBits]

bg, you should do a spreadsheet showing expense and income, it would be helpful for discussion. Because I wonder what the cash situation will likely look like in Oct of 2009.

It's true that a yes vote or a no vote only creates a potential for other things to happen. But to be successful investor in any market one has to make assumptions about what is likely to happen.

It would be less expensive for GTC to raise 15 million prior to this vote. To repay the loan GTC would have to raise 15 million, plus 1.5 million, plus the prorated 8% interest.

How long do you or anyone figure this 15 million will last them assuming FDA approval and assuming not being able to raise money on the open market. Note that cash to GTC is 10 million.

In other word, how long before GTC needs to go back and raise another 10 million? How long before GTC becomes cash flow positive is the key question.

To me the RS is the least negative action but it will imply that GTC wants the ablility to issue more shares.