Replies to post #9396 on GTC Biotherapeutics (fka GTCB)

[vinmantoo]

Dew & Cromagnon,

That is what I was thinking, or should I say hoping. The delay was to try and finish the partnership before deciding on whether to do a reverse split.

[croumagnon]

"With the annual meeting moved to late June, if GTC can ink a partnership deal in April (or even early May), there is time to see how the deal affects the share price before deciding whether to ask shareholders for a RS authorization."

By my calculations, the Proxy material have to be mailed out by early May in order to meet the deadline of 45 days ahead of the shareholder meeting. Therefore, I assume that the partnership announcement would have to occur this week or so in order to give the stock enough time to go past $1 and stay there for 10 days in order to give management the time to decide on whether or not to ask for shareholder authorization for a Reverse Stock Split...

Of course they can always ask for authorization and not use it if the stock recovers before the shareholder meeting, but my guess is that we should ideally hear about a partnership this week...