GTC Biotherapeutics (fka GTCB)

[DragonBits]

go seek, I am not long nor short, but I don't believe in advocating whether others should buy or sell. I think we should all search for the facts and then make our own decisions.

LFB feels GTC is worth at least 31 cents, actually more than that if you factor in they wouldn't own all of GTC even if they were to call their potential loan rather than convert it.

So it wouldn't be a shock if someone else like GENZ were to offer to buyout the company for 50 cents, or a 170% premium. On the other had if GTC accepts the loan and can’t pay it back and then has to eventually borrow more money from LFB, further dilution will take place.

I don’t think the situation currently offers enough downside protection and has limited upside catalyst for me to want to take a position, but others may see it differently and that is their prerogative.