GTC Biotherapeutics (fka GTCB)

[DragonBits]

jesse, lost that faith in the partners bailing out GTC?

The way LFB bails out GTC, in another year they will own 80% of the company. Which is what I said would happen, this is like weak partners with a strong partner in an IPO. The IPO company needs more cash, the weak partners have no cash and diluted out of exisitance. Seen it happen before.

If GTC is as valuable as you think, then rather than see GTC go into Chapter 11, LFB should offer to buy them out for more than 31 cents.

If GTC isn't valuable, then all is lost regardless of vote.

I guess LFB can't buy stock that is being sold, or can they? Anyone know. If they buy up stock now, they can vote the loan themselves, but I would think they would have to file if they bought.