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jessellivermore

09/18/08 3:18 PM

#14057 RE: DewDiligence #14056

Its an unusal situation, I can understand your feeling. My post doesn't say they "want" to be in the banking business. They do however "want" to be in the transgenics business, and I feel their best course of action is to support GTC financially (it aint that much).

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croumagnon

09/18/08 3:31 PM

#14058 RE: DewDiligence #14056

"I find it odd that you assume GTC’s partners want to be in the banking business."

What other reasonable solution is there? They need a cash infusion by December at the latest; their stock is in a pitiful state for regular financing; and barring a new partnership or a takeover, both of which seem unlikely in this market, it is quite reasonable to expect the partners to chime in in order to keep GTCB afloat...