Replies to post #13563 on GTC Biotherapeutics (fka GTCB)

[floblu14]

I usually hear from my Merry Mac contact within a week or 2. As of today I have tried 3 times in 3 weeks to NO avail.

Is a merger or a buyout with Merrimack possible? (I remember that DEW said - YES!) Seems with the great promise of R/A in MM-093 both could march to the altar & not look back.

Maybe I'll call Red Cox, collect :-)

[Lewis R Goudy]

>DD seems to feel these are the something-up-my-sleeve variety comments.<

The "with some style" part could be discounted as noblesse
oblige, but the near-browbeating about excluding
hypothetical upfronts from FoB suitors now at the table
seemed very pointed.

[dodah_2]

Management, imho, more than anything else, wants to keep the company independent. To their credit or discredit, they have always "managed" to acquire necessary financing one way or another which is what I think the "come through in some style" refers to. The trials and tribulations of stockholders have never been an issue to them, except for that 21,000,000 share day a few years ago.

Still, we all know this is challenging environment for raising money, and I would be surprised if the subject of a buyout hasn't come up as an option... as a last resort, and, I wouldn't be surprised if there weren't buyout candidates available. I can see Woloshen or Green suggesting to Geoffrey that maybe employee contracts be updated just in case. While longs would like to see some resolution of the current financing problem, I don't think a buyout is what management has in mind. The company needs 10 to 12 million to carry it into certain milestone payments from its current partners which along with operating revenues should be enough to keep it going into late 2009. I think management sees this money coming from FOB partnerships. If they don't materialize, anything short of bk could happen.