Replies to post #11282 on GTC Biotherapeutics (fka GTCB)

[waynebio]

Here is what I hope happens, could happen and would show amazing value and planning by management:

GTCB gets a partnership that raises $15-20mm within next month.

GTCB gets rid of poison pill so that takeover premium gets into day to day stock price causing price to go up. Also, future stock offerings will be less dillutive and reverse split is not needed to push price above $1.

GTCB slows spending significantly to conserve cash until US AT3 approval and announcement of success in DTC phase II and start of planning phase III for DTC.

GTCB gets milestone payments from Leo for DTC phase II, and from US partner for US AT3 approval.

GTCB then makes a stock offering to further raise cash.

[10nisman]

<< My point about the "bum" analogy is that we are in a very weak position to negotiate with our current financial situation. Do you see a hole in this? >>

Weak position only if there is one potential partner/bidder and if we believe Cox that is not the case. IMO, GTC will see either an acquisition like Restore Medical (REST) received or it will obtain a partner (financial or otherwise). Kind of surprised Pharming hasn't made a move to acquire GTC.

http://biz.yahoo.com/ap/080423/restore_medical_last_call.html?.v=1

10nis

[jessellivermore]

Strange you went from our current partners helping with the cash problem

Wayne please do not attribute things to me that I did not say. In that post I was rebutting your analogy that GTC was like a bum with a baseball ticket which he needed to sell before the game started,, otherwise the ticket would be worthless. You were comparing this to GTC's finances. My rebuttal was GTC's partners were dependent on GTC's platform (ie its ticket) which would not become worthless when GTC ran out of money. I did not say " our current partners had plans to help GTC with its cash problem." In fact in a previous post I mentioned I had talked with Christian Bechon and he told me LFB would not act as a "White Knight", his exact words.

You asked me in another post what changes I saw from our current partners and I said "no change"

Sorry I do not feel compelled to explain my reasons for my conclusions or name who I think the partner will be...I will say I have it on good authority GTC is talking to more than one company at present who are interested, I remain convinced they have already decided on one. If I am correct GTC shareholders will not be getting the shaft and a few of you may gain a new appreciation of Dr. Cox....