Brought to you by Bigstem from iCell...
"Reply from Gary
I guess the 400 investors got his attention.
I understand and share your frustration with the stock price. But you must know that we are extremely limited in what we can say about the status of the trials (for example, GERN’s trials began in October 2010 and they STILL don’t say anything). We are working on putting out information about the patients and the results, but we obviously just cannot publish a bunch of data; it has to be disseminated in a format that people can understand. We are working on this as quickly as we can. The stock, which has held in all year MUCH better than the other stem cell and small-cap biotech stocks is getting corrected. Am I frustrated about this? Absolutely. Is there anything I can do about it without violating terms of my trial agreements, patient confidentiality laws, FDA confidentiality requirements and top-tier medical industry reporting norms? No.
And the stock is not selling off because people on the message boards that you read are losing confidence in the company. Small cap and biotech investors have been obliterated this year, and this quarter in particular. Funds are blowing out of their holdings to show investors that they have no exposure to the sector at the end of the quarter.
Please feel free to follow up with additional questions.
"data has to be disseminated in a format that people can undrstand." WTF does that mean? I think most people would understand, patients are doing fine,we have no safety problem, we have engrafment, and some visual sight. His statement that people will need to understand the data, makes one believe they got some confusing data, or some bs that needs to be clarified.
Here again, we are not asking about the status of the trials. Why cannot he address the DSMB situation direct and say;
WE CANNOT TALK ABOUT THE DSMB STATUS. Why is he using the "status of the trials"
What the hell restricts them from saying;
1. DSMB is still evaluating our data
2. DSMB has given a green light to proceed and we are proceeding.
And if they are restricted to either say 1. or 2.
Then say why they are restricted in regards to the DSMB.
I have read DSMB decisions before and for sure they are not restricted to say that there is no decision yet.
GET MOVING ACTC
Thanks Z Assuming this is an email from GR. It is very calming. I have defended GR before, and will continue to do so. He may not be the best CEO. But I think he is doing a fair job under difficult circumstances.
You don't post often, but when you do it is a quality message Thanks again
"You don't post often, but when you do it is a quality message Thanks again"
Are you drunk....he posted it 10 minutes after I already did and
I AM THE BIGGEST TRUE LONG BASHER TODAY!!!!!
But...I don't believe this is for real as I cannot find the original on ICELL