GTC Biotherapeutics (fka GTCB)

[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 . . ."

QT,

I don't mean to be caustic, but if you didn't believe the above, why in the world would you be wasting time reading this board??

Even amidst the rubble that Cox has created, "the material non-cash assets of GTCB" ARE worth a great deal more than current market valuations/liens would indicate.

What is not at all clear is if any well-capitalized outside group (beyond LFB) will realize this before the game is over for GTCB. Whatever happens, I don't think it at all likely that LT GTCB shareholders will remain other than deep in the hole.

Best,
MTB