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Aastrom Biosciences, Inc. Message Board

  • hwmccusker hwmccusker Oct 10, 2013 2:39 PM Flag

    Shareholder meeting results - nada!

    ASTM was DOWN -$0.004 to $0.221 and now is UP +$0.01 to a whopping $0.23 with a CEO trip to a conference release versus announcing the results of the recent shareholder meeting re increasing the amount of outstanding share and a reverse split. Who’s afraid of what and whom before a California trip and yet another share spiral? Why alert shareholders before a presentation to an industry group with a sparse investor presence – misaligned fiduciary responsibility?
    So… what’s the bet - 1 for 20 reverse and how soon is the next financing?

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    • Hwmccusker - I agree with you, the lack of fiduciary responsibility to us the shareholders is nothing I ever have seen, they don't respond, they put no news out at all, no shareholder updates, NOTHING... this is why we are a 22 cents stock... Though I feel a run is coming... If they do a 1-20 reverse split it will leave less than 4 million in float, they will then start offering shares at a discount and most of us will be wiped out... It sickening to see them spend monies sending these guys to California and other places for conferences, when they don't even put updates out for the shareholders, there all crooks...

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