Replies to post #15702 on GTC Biotherapeutics (fka GTCB)

[croumagnon]

"I don't think it will happen, but in theory it is possible. I don't think it will happen because in the recent past no one outside of LFB is interested enough in GTC to put in money."

I think Cox and company have already negotiated their future with LFB as the parent company. At least that is my read of the developments lately. Therefore, any other offer would have to be a hostile offer with litle chance of success...

[quantumdot]

Couldn't an offer come before June 2009, which would buy back the LFB loan, and the GE loan can also be paid off.

Of course it could. But it would not be a simple offer directly related to the cash on hand as the NTMD offer is. The situations are quite dissimilar which is the point I was trying to make to 'MTB'.

If an offer did come for GTCB it would be somebody who thinks that the material non-cash assets of GTCB are worth more than the liens already held against them. If, and it is a big if, GTC gets FDA approval before June then such an offer might happen but clearly there are not many people willing to put their money where their mouth is in support of that scenario or you wouldn't be trading at $0.13 a share.

[fogbottom]

>>>I don't think it will happen because in the recent past no one outside of LFB is interested enough in GTC to put in money.<<<

Nobody was interested in what Wilbur and Orville were doing either....until the damn thing flew!

I'm willing to wait to see what happens after approval.