The idle "rich" MOSTLY don't buy anything as risky as this, because their brokers tell them it puts their money at risk and most didn't earn it, most inherited it and have absolutely no idea what to do with their cash, but what their broker says. Most are extremely risk averse, as they should be. Their best bets are Treasuries, when they pay interest, and corporate bonds and municipal bonds, diversified, when they need more income. CDs are also typically in their portfolios and utilities, as well as the consumer cos like McDonalds. They're already rich. They're not trying to GET RICH QUICK. None of these stocks are in their portfolios unless they like to take the risk, and they like the intellectual issues involved. And those persons are usually self-made, and I expect you'll find those sorts of investors in this and many other companies like this, in dribs and drabs, as they know that the risk is not just one thing or another, but complex. Anyone here who thinks this tells them whether they shoudl be here or not, is not all there in terms of their diligence.
didn't the rich have a hold on actc with their overseas accounts at one time ??? wasn't the lawsuits a result of the greedy rich ?? should show you, what happens if the rich are buying. actc needs the non-greedy rich to buy...mo
You're confusing private small funds, that do take funds from idle rich who don't have time to figure out the ins and outs of investing in pennies and biotechs, between vacations. Their money is in diversified pools which have some amount of risk, but managed by people who squeeze out extra returns with lawsuits and other nastiness.
Which greedy rich-Caldwell? The rich are not buying because they're selling to avoid taxes this year. (not me,CNBC) Why buy this now?-it's not proven yet. But mostly-why buy this now? until every last settlement share is sold w/o a cure-the dilution and cost to settle depresses the already toxic stock this is. Any buying is speculative and secret now. (and could be a bargain too)