Now that I have your attention, think about the facts. Ted didn’t really ‘tank’ the call; he simply gave a straightforward update keeping all of his cards close to the vest. A/G and their ambulance chasing lawyers have just shaken ACT down for 348 million shares. Why would anyone put out substantial news two days before these shares are required to be delivered?
Now the ball is in the court of A/G et.al. They can sell their prize for 5 or 6 cents a share or hold and wait like the rest of us. No extra bonus for them…
Now comes the fun ‘read between the lines’ part. Whoever Ted has lined up for future funding would love to get their hands on cheap shares before any breakthroughs are announced. Let the ambulance chasers sell for what will soon seem like pennies on the dollar, announce a VC or JV deal, sign Dr. Lanza to a nice new contract and release the results of his brilliant work.
If you believe in the science then you should also believe this is the best business decision they could make under the circumstances. Good job Mr. Myles!
This occurred to me, as well, dynammo. The CC was unusually devoid of hype in places where hype could have been injected. And I would say that no substantial news being announced was a surprise to me since I felt sure they have been holding back on releasing any good news until A-G was out of the way but I think you have pointed to the reason for continuing to hold back.
Some of the long term investors, understandably in many respects, have become so hypercritical that ACT probably wouldn't mind seeing them sell and move on. That would also present buying opportunities for institutional investors and that will help the move to the next stage.
The best thing about the CC is that we can virtually see and hear keep, the critic ultimo of the terrible ACT management machinations, screaming about this guy Ted Myles being too honest and ruing the day that Rabin was forced to leave.
Sentiment: Strong Buy
I thought the same thing last night. Now that the legal overhangs have been removed, it would probably be a good move on the puppet masters part , to accumulate shares dow in this 6 cent area for as long as they can, without bring too much attention to that happening.
So watch the average daily volume over the next several days and weeks. If that number is increasing while the share price stays relatvely unchanged, then you'll know that accumulation is happening. Eventually they will walk it up a penny at a time, slowly , but surely. Till then, keep watching for accumulation.
dynammo, totally agree. ACTC daily Traders over reacted and sold. And, yes, it appears that ACTC has finally put all their cards on the table ( Transparency ) for a New beginning. And, yes, from this point going forward, VC and/or JV deals will start since BigPharma are looking for small bio-tech companies with some new discovered technologies especially in the field of stem cells. Its because Big Pharma has not invested huge amounts research dollars like in the past (old model research spending). They are looking for the smaller bio tech companies, who have gambled their own dollars for new discoveries. For ACTC, the sky is the limit from this point going forward. Good luck. Finally, Myles did do his job. :-)
Sentiment: Strong Buy