GTC Biotherapeutics (fka GTCB)

[quantumdot]

Couldn't an offer come before June 2009, which would buy back the LFB loan, and the GE loan can also be paid off.

Of course it could. But it would not be a simple offer directly related to the cash on hand as the NTMD offer is. The situations are quite dissimilar which is the point I was trying to make to 'MTB'.

If an offer did come for GTCB it would be somebody who thinks that the material non-cash assets of GTCB are worth more than the liens already held against them. If, and it is a big if, GTC gets FDA approval before June then such an offer might happen but clearly there are not many people willing to put their money where their mouth is in support of that scenario or you wouldn't be trading at $0.13 a share.