Red, I agree with you 100% . Yesterday, I spent over an hour on the phone with Tiago, who by the way I like very much and is the one person at Cytori who is actually earning his salary. I expressed in no uncertain terms my opposition to a reverse split as it is self serving. NASDQ would like to see a R/S because that way they can continue to collect funds from Cytori should they remain listed on NASDQ. There is no stigma attached to trading OTC, and letting real growth in the PPS happen organically, due to accomplishing actual results. Without results, why would anyone participate in shareholder rights offering just throwing money after bad. If what our CEO MH, and our new VP told us about all the catalysts that are just around the corner 1-18 months away MAP, Sceloderma, Japan, Barda, Osteo trials, Athena results presentations, that should be enough to move the stock if it is true. If CYTX and it's board care about shareholders they would do everything to keep from R/S and destroying the opportunity for shareholders who have supported the company for years to recoup there losses. Those who had subscribed to earlier warrant programs have been wiped out completely. The class action suit will not make any money for shareholders, who join should that step be taken, it will however, get us the information we so desperately need as to what has transpired the poor management decisions and back room deals. Management has shown no loyalty to shareholders , I feel no loyalty not to move forward in exposing the truth. I's not a way to recoup financial losses for shareholders. This run now is a head fake to get more investors in to Cytori and they will definitely short and profit once again. Why give them the opportunity. Cytori has a 18,000 + shareholders, the majority of who are individual investors. The problem is that just like the 1 % that controls the wealth of our country, an even smaller % control the voting power of Cytori and will vote to enhance there agenda.
The difference between you and I Munger is that I can carry in an intelligent conversation for that long and you can't for even the time it takes to post. It was actually quite a nice conversation .
Tony Underhill story is old from 2013. Don't deny stem cell treatment will work treating Sclerderma but let's wait for results from CYTX trials.
Rod, I gave credit where credit was due and disclosed this was cut and pasted from YMB. While I was trying to find link I did come across press release on earnings released by Cytori which I am sure you have read and are just pleased with those results. Grow up Rod , face the music and don't be a pumper.
Clear as day 4th quarter and full year. Why don't you bother to read it's contents before you post
Reply, while I agree with everything you have written, you should not have written a phony release. You looses all credibility , even though your points are valid. Tiago's cost cutting should have began with salaries, and Rickey should have made bonuses based on execution and achieving milestones. Cytori should trade OTC until execution raises the pps. Costs money to stay on NASDQ but provides zero benefit. This R/S only allows management to continue to milk the cow. Only results would make it plausible for any current shareholder to invest additional dollars and make it advantages to participate in rights offering. The recent pop in pps is proof of the manipulation to draw in investors then steal there money and only confirms one thing. THE ONLY THING THAT A R/S ACCOMPLISHES IS THAT IT GIVES SHORT A HIGHER PPS TO WORK FROM TO MAKE MORE MONEY. MANAGEMENT KNOWS THIS SO THERE IS SOMETHING VERY ROTTEN ON CALLAN RD.
Clown again, you make valid points so no need to create fraudulent posts. Rodney , should have called SEC long ago , about the manipulation of the CYTX stock and not about some Clown posting on a message board. While a class action will not net any $'s for shareholders it will expose what has been happening here and SEC then will have to take a look.
100% correct and after R/S shorts will have a field day driving down PPS. Rather then participating in rights offering,your probably making a better bet by shorting. So sad, but true. Market is no longer a place for investors, just a haven for computer trades. Over and out.
Why would anyone want to participate in shareholder rights offering B ? Give me just 1 legitimate reason if you are capable of coming up with one.
Can't classify as a scam, just poorly managed and certainly not investor friendly. They have been on the verge of FDA approvals and partnerships since I have been invested some 5 years. neither has come to fruition. He we do have a R/S to look forward to, and some more bonuses for management.
While this is positive news, it is typical of Cytori to wait until the day of a CC to announce. It's so transparent that Marc will want to make this focus of CC. Taking the focus off the upcoming reverse split and further screwing of long term shareholders. If there is more news like this to come as promised, the company would go to the OTC trade there until the PPS increases organically to a level that will entice investment, instead of this BS move, which will only serve to allow management to continue to milk the company and collect salaries, bonuses and free shares. management will be compensated while long term share holders are wiped out. Sorry but this ploy has run it's course.
No Rodney he will not, because it is just fluff. Wash rinse repeat. News like this is reported every time there is a CC called.Sad but true. R/S is the treuly big news of the day which means we are all F%^&#d
Could not agree with you more.well said.
Rodney, watch short interest rise. Take off your rose colored glasses and smile as your being f:/?:@d. This r/s was final insult to long term holders. Now it's pay back time. Stay tuned
Not going to happen Munger, going to kill it to kill long term holders further and then attack and the short attack, after stock trades at R/S pps. Stempro must be related to Hedrick and Dr. Foo is full of poo.
No Dr. Foo just not buying the bull any more. Been fooled way too many times. You are asking one to believe anything that MH has to say. Sorry they have no credibility. They have had more then enough opportunity to do so and have failed. Let's see how much the BOD and management put up of there own money in shareholder last rites offering. You have some nerve calling our vision myopic after what has transpired here. The R/S was the last straw. Shareholders did not approve as the majority of individual investors I know were against this. Problem is it's the shareholders that hold there shares off shore or got there shares for free like the management and BOD that control the company. They did not listen to the pulse of what the shareholders had to say. now way no how. Want to talk more about MH, how about we discuss the back track he did on the Japan Andrisu(sic) trials and the revenue that was to generate. OH Ughh well we are not really in control of those trials, they are on there own. What about Dansaki (sic) that just invested in another Stem Cell company in Japan, this was the company that supposedly had signed deal with Cytori but never happened. look what happened they partnered with somebody else. can anyone say lorem vascular any mention of LV during the conference call. Seriously Foo.