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Vericel Corporation Message Board

  • hwmccusker hwmccusker Oct 10, 2013 7:12 PM Flag

    Where is the … rest of the SEC FILING?

    I take it my mid-day comments of a 1 for 20 reverse and lack of communication negligence cut to the heart of … fiduciary responsibility of Aastrom (ASTM) lawyer CEO … with the press release of the reverse split. A vote approved an amendment to the Restated Articles of Incorporation, to increase the number of shares of the common stock authorized for issuance thereunder from 150,000,000 shares to 300,000,000 shares. No fractional shares will be issued, and in lieu thereof, any person who would otherwise be entitled to a fractional share as a result of the Reverse Stock Split will be entitled to receive a cash payment equal to the fraction to which such holder would otherwise be entitled multiplied by the closing price of a share of Common Stock on The NASDAQ Capital Market on October 15, 2013 – paying out CASH from the paltry offering and expensive executive salaries. So … are they or aren’t they changing … to a different fiscal year ? The reverse is a GOD’s gift to short sellers as the 2.08 M shares are short of the float of 29.76 M shares. ASTM closed at $0.23 UP +$0.01 and then dropped in the after-market -$0.04 to a whopping $0.19. See you at $0.15 and a 1 for 20 reverse with a soon needed financing.

    Sentiment: Strong Sell

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      Sentiment: Strong Buy

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