"You really don't have any substance to back up what you say"
I once read a book which claimed the most overiding force in history was "stupidity". The book claimed stupidity held all the advantages.. it could ignore all the evidence and proceed in the face of facts.
First,, almost everyone on this site who is against the "deal" cites management's ineptness, poor judgement, lack of transparency, obtuseness, stuborness, greed and other poor qualities (my appologies to those who adjutives I have ommitted). Voting "no" is viewed a a repudiation of management, sending a message, "payback time". This constitutes the majority of the "substance" of your arguement.
In all your anger it is sad there is little self reflection. One poster said he did not "care about the money he lost" , he was more upset about putting his trust in the company management and being betrayed. Why don't you all at least afford yourself a little self honesty, It is the money you lost. Some of you feel GTC management is close to being liable for mismanagemnt or fraud. I was a lead plantiff in a successful shareholder action in the nineties ( I will provide information to both Flo and go seek which will confirm my statement). I have seen management fraud up close,,this is not fraud.
I have given "substance" to my arguement, which is simply we stockholders have a better chance of recooping our investment if the company has funds to contiue their operations six months more. The substance of the arguement resides in the current PPS, the amount of money the company has left to fund operations and the burn rate. This is not an endorsement of management. This does not mean I am enthralled by the potential massive dilution. This does not even mean I am very optimistic about the outcome whatever the course. I just feel from a shareholder standpoint buying more time is in our interest.
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