Replies to post #15473 on GTC Biotherapeutics (fka GTCB)

[croumagnon]

Good Luck to you Dew and thanks for sharing your thoughts and your moves...

Does your liquidating GTCB mean that your interest in this board as a moderator will diminish?

[DragonBits]

May your other investments turnout to be better, good luck Dew.

[Lewis R Goudy]

>likely to be approved<
I put the protest vote in the teens.

>To fund operations during 2009, GTC will presumably need additional financing over and above the LFB loan. Moreover, GTC’s track record is that each financing round takes place at a lower valuation than the previous one (#msg-33740362). Absent a change in executive management, I see no reason why this pattern won’t continue.<

Just so. As I wrote nine months ago (7717),

up-front payments from partnering transactions
cannot reasonably be expected to seriously mitigate (much less
moot a la fifty million) market concerns re the timing, terms,
and dilutive effect of prospective financing. Such concerns
are naturally amplified by the firm's history of shareholder-
unfriendly private placements at significant discounts to market.

[osofun]

Dew
Before you go, could you shed some light on where this whole mess is going in relationship to delisting and an timeline as to how far management can stretch this out. ie can they stay listed until july?

[nivasvs]

Thank you Dew for your support throughout this ordeal. At this point, I don't see any value left for my shares (already lost 90% of investment in GTCB) if I want to sell. I will wait until Dr.Cox folds the tent and moves to greener pastures.

Good luck to you.