Replies to post #8652 on GTC Biotherapeutics (fka GTCB)

[floblu14]

>If the above was indeed the impetus for yesterday’s price action, it was a major overreaction, IMO.<

Thank you, lord. :-)

[pharm]

"The "going concern" qualification is all but automatic"

The PR says is alters in no way our plans for addressing the underlying circumstances primarily through new and expanded collaborations.

[wjlknew]

<The “going concern” qualification is all but automatic if the cash on hand at the beginning of the fiscal year ($15.9M) less the expected cash burn for the fiscal year ($28M) is less than zero. This is presumably the reason GTC sought to raise $20M in February.>

This is a direct contradiction to either your, or Newberry's, or both, statements less than a month ago. At that time you said no "going concern" qualification would be required prior to 2009, and the reason GTC sought funds was to improve their negotiating position.

<If GTC gets an up-front amount from the US partnership in line with prior guidance, they will be OK for all of 2008 in terms of covering operating costs. Of course, they will need to raise money for 2009 unless there are further positive developments this year.>

How many times has "prior guidance" been anything other than wishful thinking ... or simply spin?