GTC Biotherapeutics (fka GTCB)

[read_this_n0w]

Boy oh boy..... abundant pink coloured glasses

"even through the issuance of more stock if necessary (at a much higher price of course"


You realize that upon Atryn approval, gtcb will have to
a) repay the LFB loan or be diluted at 31 cents
b) finance further expense from that moment forward as well, with cash burn unlikely to be smaller than today and if they do not want to convert the LFB loan, they will have to finance that as well.


whilst considering that
1) IF approved, the indication it can be used for is tiny (supported by so much as non existent eu sales so far for the same indication )
2) Any DIC progress is still far out, as are any ovation milestones
3)approval might be slightly delayed due to FDA backlog, and if that happens gtcb is in a tight spot as well

Now considering all this is know to the public, do you not think its likely that about 90% of all holders will sell the news or shortly after since dilution is a given once it happens.
But before they will it will spike like during the internet bubble? Since i am sure that will be at stellar prizes since current indication has blockbuster potential...(oops?)

Positive thinking is good, but i really feel some have fallen in love and lost criticism where it is warranted.


PS Yes i am pissed at gtcb management but no i do not hold the same position i did two years ago so i probably should not complain too much but count those blessings. End of 2007 is when i got more sceptical and unloaded around 1$.
Still hold a position and still spent a ton of time on this company as well.