Replies to post #10854 on GTC Biotherapeutics (fka GTCB)

[DewDiligence]

Re: GTC’s equity stake in Merrimack

From GTC’s 1Q06 CC (#msg-10886530,
about 2/3 of the way down):

>>
Roy Friedman: What is the size of GTC's equity stake in Merrimack and what is the carrying value of this investment on your balance sheet?

Jack Green (CFO): The carrying value on our balance sheet is $1.25 million, which was original cost and we're carrying it at cost. I don't have the exact number of our equity stake in Merrimack, but it is probably on the order of 1%.
<<