I listened and re listened and still don't see the reason behind panic. A few years back when Gary became the interim CEO I warned about his history and reputation. What I mentioned was his ability to be a second line director but in no way a CEO. Some of the folks that are screaming for his head now, were calling me a basher and loved him as CEO.
Fast forward to today, we see he has made a few mistakes and him along with some other members he has brought in are accused(almost) of taking a bit too much. But let's be fair and give credit where it is due.
Looking at my own experience as a CEO, I can see Gary Rabin has grown up a lot. He is talking and doing what a seasoned professional would do. Sure he is not perfect but neither am I.
Having the dilution and RS and the whole path he has taken is not what I would have done. But I did not see all the inside info he has. I say he is not doing as bad as some now say, he is.
ACTC is on the path and Dr. Lanza and the science will prevail. Even if we do not agree with GR and his business team.
I listened again as well. Not terrible just not all that was expected. Good science, horrible business but that was all known. The little guys are getting smashed out right now so I added a little and will again at .057 if it gets there. Someday there will be a peer review article or a settlement and it will move up a little. I guess I'm in for another year or so. LOL.
Gherty, good fair post and assesment. He wasn't going to have any special news today as the trial results for Phase 1 are not coming out until the 1st qtr. He also is not in control of how fast the test go. Thats the FDA, the hospitals & Lanza. He is not the best, but maybe the best we could get. Lets see where we stand after Phae1 summary.
Dickw3939, It is sad but true that the SEC always looks for a fish that is worth catching. For us the numbers discussed by ACTC are large but in the big picture we are very little fish. More importantly the way Gary and his business team are doing things is very legal. Who votes for all these items? the share holders. now just because the business management keeps awarding themselves millions of shares as bonus or salary or gift is something that needs approval by the BOD. Who runs the BOD? those same guys who get voted and re voted by the share holders. So we have a circle that keeps giving to a few and takes from the unsophisticated share holders. They even have an inside joke about Reipo. For those who may not get it. The company can announce all shares worthless and reissue from zero the new shares they can sell. Not going to happen and there is a lot of maneuvering but that's the simple picture.
What they are doing is issuing shares that would satisfy the shares they need to sell and pay the ridiculous salaries they themselves gave themselves. Retail suckers (You and me) buy those shares and then they do the RS. Just as dirty as they can get. But please remember who voted for GR and others to be employed for another year.
Science is what I got into this company for. It will win. Lanza will deliver. That is all I hope for.