...while Gary bathes in money from a lucrative salary and stock options. This stock would have real potential if Gary wasn't such a sham of a CEO. Look at Athersys (ATHX) -- partnering with Pfizer and raising money by selling shares ABOVE the asking price.
Oh, but wait. We're "unsophisticated" for lashing out against Gary after he provides nothing but failure, no accountability, gets us two years behind schedule on the trials, fails to file his form 4s, and gives us an obliterated stock under his watch. He gives us nothing but excuses and delays, delays, delays. But WE are the ignorant, unsophisticated ones. It's the entire world vs Gary, and clearly Gary thinks the world is wrong. What a pompous and narcissistic #$%$.
The thumbs down on these posts amuse me... Obviously someone is afraid of realizing the truth and facts behind this company's management. You can't just ignore stuff like this. I'm still waiting for Gary to prove he can accomplish something substantial.
Ryan, good post!
And don't forget that Gary blamed investor negativity for the RS failure, all the while he was selling 11M shares, and incorrectly filing Form 4's 27 times, one or two misfiling you can over look, but 27 is a crime.
Let me add an SEC investigation needs to be started against outside professional services firm that did the study to compensate ACTC management as I believe the study was not independent based upon the level of compensation being paid at ACTC. This is why Congress wanted a shareholders rights law but it was voted down.
However, this does not exonerate ACTC Board from their oversight duties and requisitioning fair compensation studies.
This is all speculation but the salaries and options at ACTC are way out of line given the current news, lack of revenue, lack of science progress announced, lack of fture released outlook etc.....
Please do your own DD as this is just speculation but deserves discussion.
I'm frustrated as well. I think you need to put an absolute deadline on how long you will continue to hold if there is no news. I'm saying 3-6 months. This is the only "unsophisticated" part of my portfolio.