And this is a tragedy that need not be, unless of course ACT has already been beat out in curing blindness?
Why is there no news coming from Gary? Thats irresponsible, at best, on his part as CEO, and it's just adding to the list of reasons why he must go. Come on BOD, do your job, and do it soon.
Well ACTC is the only green I got today. Lately it has been the only red. Really seems to have some support at .07. Looks like someone is defending it there. Bought some @ .0701 and I have all I am willing to own right now. Still the science is interesting but where is the SEC settlement?
"Still the science is interesting but where is the SEC settlement?"
Actually believe that the science works, but where's Gary? And why is he in hiding? Think the BOD has his tongue? There's just too many unanswered questions right now, not to believe that there's a big change about to happen at ACT. And in this case, I believe that the change will be for the better.
Keep, the current drop is caused by nothing but chart-based trading. There is a rampant such trading going on, not just by retail but also institutional traders. MM takes advantage of this and keep manipulating share price to maximize his gain. If you study 1-year or 3-year chart, that will be obvious to you. In short, the current trading has nothing to do with company fundamentals and this kind of trading will go on until the company comes out with significant news, which may come perhaps a couple of months from now.
Mrug, you make some good points until you mention the companies fundamentals, because it basically has none, with no revenues to speak of, and it's continually burning through cash. And any daytrader that would touch a 7 cent stock that trades daily at a fraction of a cent, would have to be nuts. What I believe is driving these fractional ups and downs are shareholders, like us, who are buy hoping for the quick kill, then giving up and sell, when it dosen't come to fruition in a month or so.
You may be right. It looks like they don't want it to go below .07. If news comes out in the next few days and this spikes you will know that what is happening today was just manipulation. They want the unsophisticated out and this is the way to make that happen.
Lars, the FDA may limit some of what they can say, and they would be breaking any SEC rules by telling us the truth on how things are progressing, any news at all from ACT would far better than this deafening silence day after day.
The CEO of BTX blogs and continually updates his shareholders on whats going on, but nada is coming out from Gary, and that be should setting off alarm bells in all of us.