Replies to post #10858 on GTC Biotherapeutics (fka GTCB)

[pollyvonwog]

I find GTC's lack of urgency regarding their finances as both unsettling and settling at the same time.

[keitern]

Yes, they have a consistent level of employees at full capacity, and they intend to pursue the programs they have for the next few quarters using revenues, royalties, partnerships etc and the balance they will go to the market for. There are competing parties who will buy shares and we will continue in this mode until we get approval for the next big ind ... or not.

[DewDiligence]

Re: Number of employees

This is an excerpt from the 2007 10K report (emphasis added):

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As of December 30, 2007, we employed 167 people, including 11 part-time and temporary employees. Of our total employees, 88 were engaged in farm operations, clarification processes, quality assurance and control, 15 were engaged in research and development and 64 were engaged in administration, business development and marketing. Of our employees, approximately 15 have Ph.D. degrees and 3 have D.V.M. degrees. None of our employees are covered by collective bargaining agreements. We believe our employee relations are satisfactory.
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