Replies to post #7978 on GTC Biotherapeutics (fka GTCB)

[oldberkeley]

> The only value that was destroyed by the latest financing was the value of a pre-existing share of stock.<

And the pocketbook of the unfortunate retail holder of that share of stock.

That's the market. Don't fall in love with these things, they won't love you back.

[keitern]

>>For an investor in the latest offering to buy a unit consisting of a share and a warrant for the combined price of $0.87 was a no-brainer.<<

This position is pretty insulting to GTC finance team and Dr. Cox. Making lucrative, "no-brainer" deals where you essentially hand over cheap shares is an offense and should be prosecuted at some level. On the other hand, if this financing were shopped around among several financeers and this was the best shot, that is different. They still get a good deal in our opinion, but in theirs it may not be so lucrative.