I noticed the stock rose considerably between 3:30 and 4 pm today. After that I read about the settlement. In my opinion, this will inspire more investing, especially by those with big money to spend aka big pharma. All the litigation was a big drag on this company and the pps. We've closed up 2 Fridays in a row, will it be 3 and more? Having an opinion doesn't cost anything so I say YES.
Unfortunately it always goes down on just about ANY news. I think the biggest obstacle to any movement is the prospect of the reverse split. Rabin in december said they are NOT doing it then in January said of course they ARE doing it. EVERYBODY IS WAITING FOR THIS GUY TO MAKE A DECISION. I wish we had a new CEO, he is awful.
Yeah Elliot, he actually blames the shareholder's chatter for the stock price decline and that why he supposedly took the r/s off the table, only to mention he will do it again this year, huh? It has seemed like any news of any kind and the stock drops, maybe 2013 will change some of that...
If you look at the history of ACTC or any other stock....this lawsuit will create a dump for at least a week or so....even if they came out with good news. The difference will be whether it last for a week or more or just a few days.
OK info, I'll be watching to see if that happens again. I'm just wondering if this time will be different because one by one these lawsuits are going away, making things more attractive at this point in the company's development. We'll see during tomorrow and the next week I guess.