Dear cleith,
Happy Thanksgiving to you and all who post on this site (for or agaist the deal). It is clear from your post you are sincere. Agree with you GTC has high intrinsic value and am of the personal opinion their tecnology will eventually become one of the most valuable items in in the industry.
The problem right now has nothing to do with the platform, the technology. It has everything to do with money. Money is the food, water, and air of small cap biotechs. It is very exaspirating to see GTC's great technology held hostage for such small amounts of money. Where I can not agree with your post is assumptions GTC's management has been flagrantly negligent in pursuing financing or is involved in some quasi criminal conspiracy with LFB to "steal" the company from the shareholders. I realise there has been a lot of bashing and inuendo directed toward Cox and the management on this board. This is quite understandable as so many of us are in pain from losing our money. Anger is always the residual of pain, and anger frequently makes us think and say things we would realise are foolish if we were in a calmer state. There are many in the biotech industry who are familiar with the GTC story. At the price where GTC is currently residing if there were others seriously interested we would know about it. Assuming there a number of "White Knights" ready to move in on the Dec 10th deal rejection is a very dangerous assumption. You must consider the more likely possibility there are no other suitors and what that means if the deal doesn't go thru.
There are possible ways of extricating GTC from its current financial predicament, these are what we must focus on. They will require some time. They will require us to bury our anger so we may use our ingenuity and our wits. This board has considerable brain power if we can act collectively we may be able to come up with an ingenios solution. I have some ideas.
Lets get creative and see if we can not tap what Vernor Vinge, probably the most widely read author by MIT people calls "the collective intelligence of the internet.
Peace and happy Thanksgiving....
to be continued.
AI
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