GTC Biotherapeutics (fka GTCB)

[biotechnewbee]

What are the likely financing options?

Shares/Price/Total; New Owners% of outstanding
1. 5M * 6 = 30; 33%
2. 10M * 4 = 40; 50%
3. 20M * 3 = 60; 66%
4. 50M * 2 = 100; 83%

Given Cox's cost is $15/ share, would he be stupid enough to take 3 or 4 - what I call the LFB option. I think so. We're screwed. How can Sonora and Harris standby?