Replies to post #16248 on GTC Biotherapeutics (fka GTCB)

[rveach]

Myself, I have a hard time visualizing a bunch of "idiots" taking this company through the birth to now. New stock issued to date does not seem that bad:-)
Management has spent and raised a lot of money to keep the company a player. Are they perfect? No! I imagine that any deal signed was the best available when signed. No one knows what the stock will be worth or if the company will be forced into a partnership or forced to sell. I think we will have a tiger by the tail and many will be surprised during this new year. One or two good deals will make up for any past errors. rveach P.S. 2009 year of the goat!!!!

[cleith]

Croumagnon, I agree with you on these points. GTCB management has made some poor decisions that have caused me to lose confidence with Cox and company. I still do not agree with the outcome of the vote.

The deal is bad for GTCB, and it is bad for shareholders, the only thing that can change this is if they pay the loan off before LFB pulls the trigger. The clock is ticking and we will have to wait to see. Though, I hope that they do manage to accomplish the payoff, I more than anything would love to see GTCB succeed and it will restore my confidence in Cox and Co.

At this time, I do not beleive that they will be able to accomplish the payoff, and therefore LFB will take control of GTCB. If, and as the facts change, I may change my opinion on this.