Yes the company has been around since 1999. But stopping there in discussing the progress is misleading. The company didn't go public until 2003 and was woefully under capitalized. The first trial wasn't approved until 2010 - thats 1999 to 2010 to get the first trial approved! And 2010 also happens to be the year that Gary became CEO. So how can even your disjointed mind put some much blame on Gary for where we are today?
When he took over the finances were a wreck. There were multiple pending law suits regarding the warrents and even the company who leased ACT its facilities. Even though the trials were approved in 2010 they still needed to identify and get approved the research hospitals and physicians. And then it was VERY difficult to find the first patients that were eligible for the trial. Throw in a recession, financial collapse, skeptical FDA looking for a mis step, novel technology etc and I find the progress to date quite remarkable.
Everything that management is doing today - and Gary certainly has improved the management team and the BOD - is setting the company up for the next level. Ask yourelf why so many prominent hospitals and physician would work with ACT if they were not a class organization? Why would we be able to attract the talent to the board if they did not believe in Gary?
Yea, 2003 to 2008 are the lost years of Republican Religious Rightwing obstruction years for ESC. Bush's family doctor friend headed up the FDA during the later part of this period, when the FDA placed holds to Geron's first ESC human trial. The week after the Democrats took over the Presidency was when Bush's family friend doctor resigned as head of the FDA, which immediately lifted the hold on Geron's first ESC trial, which had no safety problems, that opened the way for the FDA to approve ACTC's trial to begin about a year later.
When Gary took over there were about 300 to 600 million shares outstanding. Now 2 billion and some? At least three times dilution on the long suffering shareholders. This guy is none technical, so that he appears to contribute little on the technical side, which one of the biggest issue is to find out how to increase the success rate of treatments, so that it is not only three patients out of about two dozen getting remarkable success, but many more is needed. On the stock price side, he dilutes without end.
Theres, you're the one that needs to get perspective. ACT was founded in 1994, not 1999, and went public in June of 2005, not 2003:
"ACT plans to go public this month through a reverse merger into the shell of a publicly traded company, Two Moons Kachinas Corp. The Utah firm was founded in 2000 to sell kachina dolls, collectible figurines carved from cottonwood roots that were originally used in annual Native American ceremonies promoting fertility and abundant crops. Trade in the kachinas has not been brisk. On its website, only two of the 22 listed figurines, the owl and the sun-faced kachina, have been sold. In its most recent report to the Securities and Exchange Commission, Two Moons Kachinas reported revenue of $2,500."
So they've around over 19 years still haven't made a dime, you just try that at work, and see how long they keep you around.
Okay Chimp, I goofed on the date they went public. The rest of what I said is accurate compared to that rubbish you spew day after day. And who gives a #$%$ about the doll company, moron!?
Very Good! Also why would so many ACTC Shareholders vote for his re-election as well as the other two amendments, if they weren't sure of ACTC immediate future potential. Keep or who ever that person is hiding behind that I.D. just has a personal issue with Gary and allows it dominate the discussion. This whole board is filled with Idiots who would rather discuss Politics than the future of Regenerative Medicine and ACTC's role in that field. Heck look at the announcement today of a Vaccine that bolster the human immune system to fight Cancerous Tumors!
Djmak, of course you'd say that, because sheep of the same fleece, you & Theres, always flock together."
" Also why would so many ACTC Shareholders vote for his re-election as well as the other two amendments, if they weren't sure of ACTC immediate future potential."
Again, sheep of the same fleece always flock together.
"This whole board is filled with Idiots who would rather discuss Politics than the future of Regenerative Medicine and ACTC's role in that field."
This board is also filled with idiots that refuse to face the truth, too, such as both you & Theres.