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Advanced Cell Technology Inc. Message Board

  • liberalidiocracy liberalidiocracy Nov 9, 2012 10:19 AM Flag

    RS is a Dark Cloud Over the PPS

     

    even with the positive trial updates - no moves 0 except down.
    RS is going to be a death knell...

    This topic is deleted.
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    • It's all Obama's fault. The future looks so bleak no one wants their sight back any more.

    • " RS is going to be a death knell... "

      Per Rabin:

      ' Under the terms of the agreement, there are no upper limits to the price that Lincoln Park Capital may pay to purchase the Company’s common stock and this transaction in no way impedes or changes the Company’s goal of completing a reverse split and national listing. The Company plans to continue pursuing its stated corporate milestones of achieving a national listing ........ ' September. 20, 2012

      ' As you know, we are aggressively pursuing a reverse stock split, to be accompanied by an up-listing to Nasdaq.'

      ' We continue to move with great determination towards uplisting to the NASDAQ exchange with a concomitant reverse split to a qualifying share price. We have a very clear understanding of the few remaining boxes we need to check to complete the process, and are devoting significant management time to that effort .'
      "

      ' With over 2 billion shares outstanding we can never get a listing onto the Nasdaq unless we were really close to commercialization.There has to be a reverse split.'

      ' In terms of the reverse split, the reverse, I’m holding off on doing the reverse as I said from the very beginning until we resolved these, the last of these warrant holder and debenture issues.I’m hopeful that we’re going to be able to put those to bed relatively soon because we’ve done a lot of other things to get ready for our uplifting and for our reverse. '

      ' Our position of strength is we have published data, and now we have additional data from subsequent patients, and follow on from the first patient that shows that we have a real proof of concept here.That is the most powerful position of strength that I can possibly think of.'

      ' I know very well that most reverse splits are are, ahh......at least in the short term, value destructive...'

      (Excerpt)
      Form 10-Q
      8-May-2012
      SUBSEQUENT EVENTS

      On April 26, 2012, the shareholders approved an amendment to the Certificate of Incorporation of the Company to effect a reverse stock split of the Company’s common stock, par value $0.001 per share, at a ratio not less than one-for-twenty and not greater than one-for-eighty, and reduce the number of authorized shares of the Company’s common stock in the same proportion as the reverse split, with the exact ratio to be set within such range in the discretion of the Board of Directors without further approval or authorization of the Company’s shareholders, provided that the Board of Directors determines to effect the reverse stock split and proportional reduction in authorized shares of common stock and such amendment is filed with the Secretary of State of Delaware no later than December 31, 2012.

      : )

    • The pumpers hoping to escape this pig fail mention that Maurie's results, from the first 100K injection, were omitted from the cc discussion. I submitted the question, as I'm sure others did, and they refused to reply on the CC. GR also did not provide detailed breakdown of each patient, and their particular results to date, however preliminary.

      "Overall" progress is meaningless, in so much as we are well beyond "safety" issues and the deep pockets expect more than to learn there are no adverse reactions to date. You hate the term deep pockets, yet, you love it when GR hypes the deep pockets by saying that "institutional" investors will only invest their MILLIONS when actc is uplisted.

      There IS an issue here that no one wants to address, but which the venture capitalists are aware of. These VC guys ONLY follow and invest in cutting edge bio-techs, with PhD's on staff, and they are staying away from actc like it's the plague. That says it all IMO. Add shares at your own peril, and for god's sake, if you're considering investing in actc for the first time, think before you become trapped like everyone here.

 
ACTC
0.0791-0.0004(-0.50%)Jul 10 3:59 PMEDT

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