Replies to post #15490 on GTC Biotherapeutics (fka GTCB)

[oldberkeley]

Vin-

I have not voted yet, will probably just wait until the last day.

I still have a strong feeling that small retail investors like us have no real part in the decision, it's a fait accompli. We flatter ourselves to think otherwise.

I certainly comprehend the line of reasoning that's saying if the proposals are voted down, then GTC would have to offer itself on the open market which would lead to spirited bidding. It's the "spirited bidding" part that is puzzling me: by who? At what numbers? ("The bid is 0.4, do I hear 0.5? 0.4 going once,going...")

At 0.11 PPS, 0.31 by LFB or anyone actually sounds good!

What a friggin' disappointing mess!

[dodah_2]

Vinnie... it's been a long ride for us. I bought my first shares in 1995 for $2.33. I never thought after 13 years I would sell for .11 as I did today. And I'm not done, although, I might wait for Feb. to see what shakes out. I sure miss 2000... that was really exciting. I used to argue with jprp that it wasn't dead money, but had a bright future. Well, I'll never have to pay capital gains tax again. I wish you well... and everyone on the board who has endured this tragedy over the years. Out.

[oldberkeley]

"... a response from GTCB about why they haven't instituted any real measures to cut costs?"

Vin-

It's getting harder to keep track of who said what in this debacle, but I thought it was you who got this response from Tom Newberry about the cost-cutting question?

... we are a commercial production operation under
regulatory review. Cost cutting that would be meaningful would lead to
gutting the very infrastructure which is required for product approval
and support for the partnered programs that are bringing in revenue.
Your thoughts on symbolic reductions of senior management base salaries
has not been considered since it may lead to a loss of the talent and
capabilities that we are depending on to reach our strategic goals.

I believe that you had in mind management reductions way past the merely "symbolic", but truthfully, the "gutting the infrastructure" stuff does ring true.

Unfortunately, at this point in things, it's not the infrastructure that I'd like to gut!

[jessellivermore]

Vin

Did I get a reply,, funny you ask because Cox answered me email this AM at 5:30 AM... I have emailed both FLO and gs. I am not techno proficient enough to put it in a post so perhaps gs or Flo will reprint the message from Cox on the board.

FLO, gs,, you have the message?? right.