" Would you take say $1.50 now or would you rather keep your diluted shares for say ten more years."
That, my friend, is a false dichotomy if I've ever heard one. I for one only wish that that was the real choice, because I'd take the buck-fifty and be on my merry way.
If the proposals are voted down and it becomes necessary to sell the company then the shareholders are going to swallow a huge discount to what is/what they perceive to be GTC's fundamental value. IMO, that discount will be much less than $1.50 PPS!
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