Re the "three partners"
As of last count I believe GTC is partnering with "four companies" They would be LEO, LFB, Ovation, and Merrimack, (please feel free to correct me if I am wrong).
Comparing GTC's prediciment to the mega problems say of Fannie, Bear or Leyman reveals some huge differences. The main one is in terms of implied odds. Implied odds is a way of looking at a situation in terms of how much money you are going to have to invest to continue whatever aim you are after compared to the amount of money you expect to get back if your aim is sucessful. You must also factor in your chances of suceeding. In a Bear-Sterns, Leyman Bros situation the amount of money you are going to have to put up is enormous, the payout would be small (after they were brought under control), so there is simply no reason other than saving employees jobs to continue the charade.
GTC represents the other end of the spectrum. The cost of "bailing out GTC is very small (probably less than $15 Mil/year after 2009) less than the salary of a star baseball or basketbal player. The potential rewards are enormous; certainly GTC could be generating revenues of over $10 Bil/yr in ten years time. These are enormous implied odds. Members of this board may not understand, and make foolish statements sugesting GTC management would sell for a dollar a share, rest assured this is not going to happen. Both GTC management and their four partner understand the underlying value of the company.
":>) JL
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