>>Are you saying that GTCB management would not accept a takeover offer that gets shareholders $0.80 a share if the current share price is $0.40 a share?<>>
To add to Dew's comment in the previous post, no potential acquirer would offer $0.80/share to acquire GTCB at its current price. The offer would offend the board and would kill any rapport the acquirer had with the Company. Most negotiations start with a simple question - what would the board consider? GTCB says a number ($1.50, $2, $4, etc.) and discussions continue further or they don't. If GTC were to get acquired I would be shocked if it wasn't for at least a 200-300+% premium to today's closing price, FWIW.
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