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OCATA THERAPEUTICS, INC. Message Board

  • mikebig51 mikebig51 Dec 10, 2012 11:28 AM Flag

    ACTC DOWN BUT NO BAD NEWS!!

    SHORTS WILL NOT WIN IMHO !! KEEP THE FAITH!!

    Sentiment: Strong Buy

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    • Somebody took some big bites here and earlier in the day. Interesting action today amid all the doom and gloom.

    • 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...'


      Form 10-Q
      08-November-2012
      (Excerpt)

      13. STOCKHOLDERS’ EQUITY TRANSACTIONS
      On April 26, 2012, at the Annual Meeting of the Company’s Shareholders, the Company’s 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-foreighty, 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.

      : )

    • Shorts aren't in this YET. Wait until this trades on the big board, because that's when they'll really show up and hit ACTC hard. Of course, that's assuming that they ever uplist.

      As for news. If you want bad news, how about the share count rising? STILL no RS and uplisting, and the stock is dying because of it and the lack of institutional investors. When did the company announce it was going to uplist and bringing in "sophisticated" investors? It's been too long. Then there's that China JV... LOL

      Trial success. If they were successful early on, the stock would have been much higher. It's a fact that at most only 10% of the cells survive, and I believe that's related to the initial injections. That's a terrible number no matter how you cut it, yet it's rarely talked about.

      At least there's the possibility of HALTING the disease, which was claimed as the original goal. I was right a long time ago when I said that the stock would sink when people realized that it wasn't a cure and that the company's trials would be overhyped beyond the goal of halting these diseases by enthusiastic investors.

      Sentiment: Strong Sell

    • But there is bad news, and its that there is none. And as long as ACT keeps quiet, the further the stock declines, maybe Gary has another one of those expert luncheons planned, yeah, that really helped didn't it?

    • LMFAO! Mikey, you been in since 20 cents eh bro?

    • down 99% and you think the shorts won't win. what's wrong with that picture

 
OCAT
6.34-0.02(-0.31%)May 29 4:00 PMEDT