Biotech Values

[io_io]

re: GTCB - I say remove the read-me-first


"However, there was no “red flag” for investors on this matter because the protocol change was not disclosed to investors."


I would like to propose a motion - that the GTCB read-me-first be taken down off of this board. The company blatantly scammed it's retail investors, and the RMF should have no place here.

I don't see anyone saying it here, but the evidence stares me in the face. There is a lot of talk here about various coompanies being either scams, quasi-scams or erecting smoke-and-mirror screens.

However, it doesn't take a statistical reference text to count up to 5 patients, or to 14 patients, etc. The facts are clear: GTCB scammed/abused it's investors. The problems with the delays were far more serious than we were led to believe; almost certainly there was an opportunity to with draw the MAA. Instead they chose to raise money to ensure their financial future.

But far worse, just 2 weeks ago, certain privileged money was allowed to escape, while the CFO (Tom Newberry I think) or whoever tells everyone (everyone unimportant, that is) that nothing is wrong. Then they use the press to either or both apply some pressure onn the EMEA and to show that they "expect" approval. But that's just not how these filings are rejected (I am reminded on Imclone's Erbitux - the likelihood of an RTF was known a month in advance).