Replies to post #15127 on GTC Biotherapeutics (fka GTCB)

[imnot6]

An indecent proposal?

a movement to "vote down" the LFB financial support proposal is somewhat punitive

Yes it is, in response to the obvious opacity of recent shareholder communications and a "plan" that seems best summarized as "Hope for the best, and don't prepare for the worst."

It also really does us no good not to support the company leadership in this time nauseating crisis

It hasn't done us any good to support them to date, either.

to do it now [protest] in this 11th hour as we approach the only thing that might preserve some value would be nuts.

And who placed us in the rather uncomfortable position of having to make this kind of decision/acquiescence as the last of the operating capital starts flowing down the drain? Where have there been any efforts (that we might have been aware of) to pursue alternate methods of preserving shareholder value other than the strategy mentioned above? Who insisted not too long ago that funding was [not]an issue that we should obsess over? As Go Seek said, "We are all awaiting more clarity."

Do we deserve to get it, or are we supposed to be sheepishly supportive when we get the horns?

[keitern]

>>not to support the company leadership in this time nauseating crisis<<

"Nauseating crisis" indeed!. Check back when the masses no longer have more than one communication device each, cars that skim along better than ever before in history and more than one of them too, a welfare safety net that exceeds many a hard worked wage.

GTC's problems are wholly self inflicted. GTC has itself to blame for each and every failure and management is responsible. The science didn't let them down, nor the economy. What did let us down is a malaise that afflicts many, many executives today; a brain disease that tells them that they don't really have to answer to shareholders. It tells them that it is really more important to advance the science and provide jobs and salaries and run companies according to the standard academic template they were taught at the ivy league colleges than to actually achieve goals with available resources.

I almost wish for a real crisis so that folks could understand what a fabulous economy we have even now, and one that requires no bailout or government management. I fear for this country when the government runs things it shouldn't. Uncle Sam has a horrible legacy in this regard. Just look at our public schools and the welfare state. Anyone can see the massive recipients of social security disability who are running around in comparative health just scamming the hell out of the system. And for the obsene cost of 8-12 thousand dollars each our kids get what, a 40% chance that they won't even be able to graduate high school? And if they do graduate, they may not even be able to read or multiply? Yeah, let's let these bureaucrats run the banks and the mortgages and the health care and everything else!

[read_this_n0w]

Biopearl: I disagree

it is about a likely scenario of toxic dilution upon approval with LFB getting items very cheap or a finaning whihc will be shorted into, which will not only need to fund LFB current "loan" but also funding for the months thereafter

Voting no would go for a scenario of having mangement (or new management) get an investment banker to find a buyer for the company.

Both scenarios have different valuation perspectives and both ahve their drawbacks.

it IS about what one feels might get the best return coming times, the company has truly shown a trackrecord not wanting to be taken over at all cost and financing everything at stockholders expense, whilst not even looking for other revenue ... which says a lot