Is anyone is wondering what an extra 1.2B shares of ACTC will do..
Look no further than the example of the historyDNAP/DNAG/DNAGE. This was a hot little Genomics company in the early 2000's. Well known scientists in a "can't miss" up and coming industry. Then they decided that the only way they could make (the management rich) was to print shares and award them to everyone from senior management, to racecar drivers, to family members. Once they started to print shares, they could not stop.Billions of shares. Then the inevitable reverse split. Then slow death spiral. Look where the company is today (if you can find any trace of it)
It's an indication they are in trouble, but that has been the case before and it still ran huge. This is a volatile penny-soon-to-be-ob that could still jump 100%+ on positive news. I am starting to look at rebuying as the drift lower continues.
Could mean several things- For sure it means they need cash and they will use these share to advance cash position. With 48 employee doubt they will see a lot of it. It is also certain to reduce shr prices when issue. Question is "will they be held and issued on good news" I was in Quidel when they went through the same thing. I got out much too soon because of their share issuance.
Having said all this - if some good new doesn not come by first of year I will breevaluating my position,which for me is very lary large