<It is clear from your post you are sincere.>
Or, perhaps just foolish and ill informed
<Agree with you GTC has high intrinsic value and am of the personal opinion their technology will eventually become one of the most valuable items in the industry.>
Yes, doesn’t it all boil down to this? This is the $20,000 question that needs to be answered. If indeed your statement above is true, then we must be willing to vote this proxy down. Otherwise, if your statement is false, then we better take what we can get while the getting is good.
<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 biotech’s. It is very exasperating to see GTC's great technology held hostage for such small amounts of money.>
Have there been any efforts from management to inform other companies that GTC is up for grabs / sale? Has there been any mention of these discussions from management about these types of communications outward to the shareholders?
<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.>
As far as I can recall, I have not made any such strongly worded statements as you have articulated above. Certainly, I have not used the words “flagrantly negligent“, nor have I stated anything about a “quasi criminal conspiracy”, although you are welcome to articulate your own views on these topics.
My opinions are that GTCB management has provided very poor leadership for the company. I am not sure how you make the leap from “…poor leadership…” to “…quasi criminal conspiracy…”.
Though, I would caution you to be very judicious in your use of words or in applying inflammatory interpretations to others statements. This could be a cause for libel or defamation.
<I realize there has been a lot of bashing and innuendo 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 realize are foolish if we were in a calmer state.>
I can only speak for myself and not for others, but when it comes to money and investing, I try to be as objective as I can and I try to base my decision on the facts as I understand them. My posts are not driven from any emotional based factors but from my interest in perusing the decisions that will yield the highest return on my investment (ROI).
Though, I would like to comment, that I do notice that you tend to lean towards trying to frame a psychoanalytical interpretation to my statements. I can very much appreciate the value and perspectives that all participants contribute and bring to this board, but trying to apply a general interpretation of emotions based on the content of my written responses is a misapplication of your obvious talents.
In all due respect, I find this to be somewhat offensive, insulting and counterproductive to my otherwise non-emotive communications. I would like to request that you please try to refrain from any further public attempts at trying to frame an emotional context to my reasons and motives for voting a certain way.
<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. >
How would we know about their interest? How would this be communicated to us?
<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.>
So if there is no White Knight, then what will be the outcome? This would be a very good time to perform a Risk Return Analysis exercise. Maybe we could objectively determine what the world might look like on Dec 9, if the LFB deal was rejected.
<There are possible ways of extricating GTC from its current financial predicament; these are what we must focus on. They will require some time.>
Yes and the first place we need to start are by voting down the Proxy proposals. Then we need to organize ourselves and start contacting the institutional investors and get them on board.
Note, that I started this process yesterday and actually was able to get through to a couple of the institutional portfolio managers. One of them spent 45 minutes with me on the phone discussing the situation. I can’t say that he was in stark disagreement with me; in fact, I am inclined to believe that he might be capable of being swayed to vote "No" under the right circumstances.
<This board has considerable brain power if we can act collectively we may be able to come up with an ingenious 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.>
I can agree with this.
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