Replies to post #15585 on GTC Biotherapeutics (fka GTCB)

[Lewis R Goudy]

>LFB valued the stock at 0.31; the market is saying a dime or so; why are you so sure we'd get more in some sort of "auction" situation?<

The stock includes a lot more than the IP. Just as
seawater is not precious even though it contains gold, some
would hold that a package deal that includes present
management is viewed by the market as less valuable than
the IP standing alone.

An auction that offers the going concern is underway every
market day. A auction that offers the IP unencumbered by
special bonuses like the CEO and CFO will only occur if the
going concern stops going: going, going, gone [crack
of gavel].

It will be objected that we have to have Cox to have Meade.
I not only reject that, but consider Meade's services in the
employ of a potential acquiror something they would view as
desirable but dispensable.

On a related note, I think the notion that Cox is selling
common equity out to procure a personal sinecure is dubious.
It might well be that the first action LFB takes as majority
owner will be to fire him (or offer him a 50% pay cut).

[MadCityCyclone]

OB, don't look now but I think you have made your decision. I guess my decision is contrary. That's fine. We're adults.

Ya know, all we can do is try to be intellectually honest and distill an idea from the facts presented. While there are lots of great opinions floating around this board, most aren't distilled from fact. IMHO, ideation and denial are an ongoing motif.

13 cents/share? I think it's foolhardy to vote for anything proposed by the people who got it there. Their proposal tacitly says "we will do anything for more money as long as it maintains the status quo". And what about this deal, isn't it really, bottom line, just a convoluted sale? Why else are we voting on it. There is always an alternative.

I suspect we've seen our last annual shareholder meeting, BTW. The leaders of failed companies can rarely stand such a spot light.