Like some of you, I've been trading ACTC for awhile - about three or four years, back when Bill Caldwell was CEO. As shareholders, we've certainly seen some turbulent times with ACTC. Over these years we've seen some incredible dilution, three different CEOs (interim or otherwise), several bankruptcy scares, and a slew of lawsuits against the company. But somehow, the company has pulled through these challenges. Since Ted has taken the helm, he has been doing a lot of house-cleaning to prepare this company for something big - he's cleaned up and re-stated the financials to ensure their accuracy, resolved the remaining legacy legal issues, and submit ACTC's trial data to a prestigious scientific journal for review.
Just a week or so ago after the A/G case was settled and the last of the legacy legal issues were resolved, we saw the stock tank to a 52 week low and enter the .04's. Today, we're already nearly back into the .06s.
Some traders (particularly keep_investing) are disgruntled because they made the decision to buy and hold this stock through all of these turbulent times and events. Some have traded this stock over the years and have seen both great trades and terrible trades. Regardless of what class of trader you fall into, I want you to completely neglect the past and look at where ACTC stands today and where it's heading.
Today, we have a company that is on the verge of announcing trial results in the near future that, according to various leaked information, is phenomenal. ACTC has (as it's been suggested) developed a treatment that stops AMD dead in its tracks, and often times even improves visual acuity -- 20/400 to 20/40 in at least one case.
We have a company that has no further legacy legal issues and a patent and research portfolio that is industry-leading. The risk of bankruptcy is now lower than its ever been, and the potential for a JV is the highest its been and will likely continue to rise. [continued]
Been in this since the over a dollar days and it is amazing they have survived. Lost a ton in the early days but made some having fun trading the last few years. Right now just bought some STEM equal to the ACTC position to watch the horse race over the next few months.
Ryan, I've been a long time investor of ACTC and I invested at the twenty plus range. And today, I can still see the TV interviews with Bill Caldwell years before his death. And like you, I'm surprised that ACTC is still afloat after everything the company has gone though and all the blunders. And finally, it appears, that the company's messes are finally behind them. Yes, Ted seems to be cleaning house and correcting financial mistakes. The stock price needs to be in the twenty cent levels range and new high, so I can break even nonetheless I'm hoping for the best, like STEM stock price jump last week. Good luck.
Yeah, because a "P&D scheme" operates for 15+ years and has world-renowned scientists and has their work in prestigious peer-reviewed scientific journals.
There's no question that the history of this company isn't pristine. Everyone knows that. But they've cleaned up the mess and they're moving forward. Every day is a new day and you can't reflect what a company was 5 years ago - you have to reflect on what it is today.
Wow, Ryan, you've fallen hook line and sinker for ACT's line of bs. It's ok to pump the science and Dr Lanza, but ACT management has messed this up so badly, and they still haven't put anyone in charge to fix it.
As far as I am concernedTed Myes is nothing but a bean counter, just like Gary Rabin was nothing but a shyster hedge fund manager that loved playing poker on the WPT. And the shareholders have paid dearly for this incompetent management.
Now that nearly all of the legacy issues are resolved, Ted has only two matters to focus on: Securing a partnership and/or additional financing, and releasing trial results. Both have tremendous upside potential for the stock.
I've honestly never felt better about the future for ACTC and the potential risk/reward ratio that comes with owning this stock. As we sit here in the .05s and as I look at the company as it exists today, I feel that anticipation and speculation alone will cause this stock to continue to rise. With the legacy issues resolved, I feel there's a lot to be excited about as we look forward. And what's better - I see a stock that recently hit a 52 week low but a company that is now at the best point that it's ever been and with a lot to look forward to. To me, this screams "buy, buy, buy!" and I think that as we move forward, excitement will build and we'll start seeing a lot more of it. Trading and/or holding ACTC at these levels and with the company as it stands today simply makes sense.
Do you, by any chance have a german background in intelligence ?
fighterpilot, 7-May-12 09:37 am
Deme you know my German background in intelligence. It was my area of expertise, I have explained the situation to so many friends, but the last thing a lot of those folks like to do, is to listen to those who are experts in a certain field. They rather hear what they like to hear and there are plenty who want to get elected or sell their paper.