Expect the worse and you won't be disappointed, this management will deliver. They have placed 22 million shares as a huge anchor holding down any upside. Investors are not going to buy this company and that I am sorry to say is part of this management’s strategy for maintaining their control.
If we get back to $12.00 many will be selling I am guessing. Something tells me tomorrow's meeting will most likely cause shares to go down Thursday. Reason being nothing new discussed just rehashing of the article. Good luck but remember this stock is great for traders not so much for investors.
Without positive news we should continue to see the pps go down. For those that were smart enough to trade this when it was above .12 good for you. I would begin to add ever so slowly over the next few weeks before Nov 12. just remember that they most likely will try to keep it from moving much below six but it could spike down to fives.
I have little confidence in ACTC Management or its Science Project. The issue is all the lies and shareholder betrayal from the past and more recently the lack of transparency. The share price ran up in September to $12.00 which seemed justified based on the RS and expected up-list along with expected phase II approval before year end. But now it seems it was shorts having to cover because of the RS consequence of shares being called. Many folks got burned once again and certainly many suffered again disappointment. But the fact is that while it can be argued this company sucks for wanting to double down on dilution to the tune of over 2 billion new shares pre split. An amazing arrogance that goes beyond all reason unless and this is pretty tough to suggest, that they do uplist, secure investment that isn't dilutive and receive FDA approval before end of year for phase II. Oh and also we finally read the long overdue peer review article. If you think this is all happening before year end then buy, buy, and buy more. But if you find yourself tempted to believe this dream be ready for major disappointment.
I suspect we find the pps is going to sink under $7.00 today and stay there without news. And we have four weeks to go till Nov 12. Without news ACTC is going to show us real quick why they needed 22 million new shares. Management should sell this company before diluting again. I know this company has value but these guys are giving it up to keep themselves drawing huge compensation. This is the definition of SCAM. SHAREHOLDER LAWSUITS are around the corner in my opinion without positive news. It's just the way these things work.
You are correct they could and if history is any indication they will which brings their total to 105 million. but that will of course wipe out all of todays shareholders not to mention anyone who has supported this company for the last few years. The fact is unless these guys do have the next medical miracle cure we're srewed.
Now what's next? The Nov 12th meeting is in six weeks, will these guys subject themselves to shareholders with the stock tanking to $4.00 range? Hard to imagine but it may explain why they are holding the meeting at their lawyers offices. Some people think it's because they have some wonderful news about joint venture but it could be they are concerned about security. Time will tell but it takes balls of steel to do what these guys are doing. They are having a huge negative affect on many thousands of retail investors and in today’s world that is very risky.
The Market Cap before RS was about $250,000,000. Now that we know the company wants to dilute with another 22 million shares or about 40% we can estimate the share price could go into the four’s. Which explains why they did the 1:100 split amount.
60 million shares x 4.50 = $270 market cap We should have seen this coming with these arrogant Bas….
We're now down about 60% or more than the dilution being proposed. We are now having to face the fact the science is not what we had hoped and the Proxy is being interpreted as desperation and last ditch scrambling by this management team in maybe a response of their failure to find non-dilutive financing. If this is the case we’re running the risk of real capitulation. I keep hoping for a miracle but the only folks thinking things are fine are the zealots on ICEL, the true believers that are blind to reality.
Who could have guessed the new management could be this bad. Wish I would have sold; I came close but was fooled again by the BS of management. The next opportunity to sell will most likely be .10 pre-split or $10.00 after we see six's we hopefully bounce to ten when the peer review article is leaked. I think the opportunity will be fleeting as I suspect now that the review won't be close to what we hoped. One now has to think about investor law suits on the horizon. A/G comes to mind. I think the dilution management is asking for shows how desperate the situation really is and now the shorts are taking advantage.
You could be right but I'm hoping when or if they actually do announce phase II or the peer review does finally get published we could see a pop which may then be the last time to sell for a long while.
I think it is becoming obvious that the 20/400 to 20/40 was the exception, still fanastic but not the big deal for ACT that we would like. I am becoming more resigned to the fact this investment is a bust and while some form of the company may very well survive it does not appear it will do much for todays shareholders. i thought we might expect .28 next year or $28.00 post split but now with the latest dilution that would be about .17 or $17.00. A nice return to be sure for folks coming on board in the next few months but for folks holding this the last several years not so much. Very depressing to say the least.
This company in the last two years has increased their shares by 2 billion and now they are asking for over two billion more pre split. Management is throwing shareholders under the bus, no matter how you think about the science shareholders have seen the value of their shares disappear. So, new investors may think this must be the bottom. After all good news has all but been guaranteed by this management team before end of year. What could happen that would surprise everyone before end of year?
…that does not mean that shareholders today will benefit very much. Dilution has eroded most of the potential value that long term shareholders were expecting in the past. Going forward they are again asking shareholders to allow another 40% dilution to shares. We are being asked to let them increase shares from 37.5 million to 60 million. Plus they have 50 million preferred shares to play with that may mean even more dilution in the years and maybe months ahead. If one thing is certain this company knows how to burn through shares. And all this within days of doing a 1 for 100 reverse share split. I don’t think anyone could have seen this coming a few weeks ago. This company has done a great job of surprising with bad news over the years and they are continuing their traditions.
ACT has been a great stock for traders but not for buy and hold to say the least. This company has survived at the expense of small investors who where used by the likes of Lanza, Rabin and others. Many retail investors have been lied to and cheated so that ACT could survive. Does the means justify the ends, that's the question. The shares have been diluted by 90% since the day they first traded! primarily to pay for managements mistakes. But finally we are being asked to dilute the stock supposedly one last time to finance operations. But in reality what we are being asked to do is forgo selling the company or partnering which would finally give some relief to shareholders but instead give hundreds of thousands to this new group of managers. Vote No! Don't let these guys get away with stealing what's left of the value of our shares.
It was a little late, should have sold when their CSO did. Lanza selling has been the indicator for when to trade this stock. He has a good record of selling at the top.