Well, eoi, in order to see where Ocata really goes, you will have to wait for some more time. Until then just closely review the potential of the products/treatments Ocata has developed carefully on just technical merits. If you see there is some believable hope, this is a good time to add. Of course, the managements of Geron and Ocata are not the same. One thing is sure - Dr. Wotton is a far superior guy to handle it now (after all the litigation matters are straightened out) than the accountant it got rid of. You will have to be a bit more patient.
Look at the bid-size, bid-price, ask-size and ask-price to-day. The vermin were able to drag the SP down to $3.00, but are not able to execute orders to buy at $3.00. The WS vermin can't find sellers at $3.00; unless monkeys foolishly help them.
Very true, IWS!! But a nerd who has no idea about it gives you downthumb!! Looks like vermin are frequenting this board massively lately!!!
Insider trading for Geron? I doubt because insiders for Geron are its board members and other few high-ranking officers. This is not a large pharma like J&J and, a only one-product company for which you and I have all knowledge that WS dogs may have: hence, insider trading for Geron shares is improbable. Yes, the board members may have WS connections; but, what secret information they can pass on at the current time when there is none!! I think the SP is currently controlled by WS traders, none else.
Oh, I can't deny that because I am also the one following that principle and will remain invested in Geron, without any selling any my holding in it but accumulating when its SP hits real lows, until IMET is out in the market. I do not want to bother myself making money like a monkey trader, trading in and out frequently (not worth!). I am an investor and will stay that way for Geron because it has come up with a product that will give life back to those on the verge of dying with deadly cancers. If my investment helps such people, I will have that as my moral reward - to me that is as important as making good on my investment. That is how our democracy succeeds and keep our dear country remain on the top, not trading like vermin and monkeys.
I wrote to my senator (he had been a senior and one of top ranking senator) suggesting him to introduce a legislation that imposes heavy tax rate (say 60-80%) to short-term securities trading gains. That way the government can collect a lot of revenue, if this continues, or minimize market gambling and fluctuations. You know what he responded with? - He professed how great he was in introducing a certain legislation; but, did nothing in this regard!! And, I started getting e-mails from his party soliciting donations!!! Not just that - the party started sending letters and e-mails addressing me as a member of the party, although I have been a life-time Independent!! What will you do, go to his office and slap on his face?!!
Please do not waste your effort. SEC is ruled by the very people who you want it to investigate!! Perhaps anyone who initiates such an inquiry at the SEC may have been getting fired or transferred!!!
I am SHOCKED to see a post from someone who always ripped others in a very sharp criticism whenever they placed a post on this board that does not pertain to Geron!! And, here, he is pushing for a Saudi company on this board!!!! What a hypocrisy!
In order to get the most reliable and direct answer to your question, I am afraid you will have to contact the Geron scientist(s) who developed IMET. Dr. Lane, if you quoted him correctly, is certainly more knowledgeable than any one posting on this board and. therefore, he must have good reasons to conclude so. I, however, doubt (no offense, trail!!) that what you state is what he really meant.
Faux, if you look at the trade sizes lately, it is generally 20K to 40K; i.e., $100K plus or minus a few tens. The institutional traders may be using programmed trarding thgat is guided by a software that must be plotting chart continually and adjusts trades based on certain preestablished limits. Further some of them may have connections with MM(s), perhaps an underhand cut to help these guys maximize their gain. The retail traders just use charts and charting techniques to make their moves. Some retail traders who are not so well-versed in these technics, just act like monkeys.
My point is that the securities market is intended to raise capital for businesses; but these vermin have transformed the current-day market to a predominantly gambling casino. I am sure the company executives looking for share-value appreciation must be finding it very hard to do so while dealing with these vermin. In reality, the SEC was established to bring order and sanity to the securities market through regulations; but, these vermin have learned to find loop holes in the regulations to disrupt that intent. And, unfortunately, since banks are allowed to get into the securities trading since Reagan's time, this tendency has skyrocketed so much so that even politicians are bribed not to introduce legislation that doesn't favor the banks, because these corrupt bankers and their hedgies must be contributing heavily to political campaigns. They all want to hide this criminality under an excuse of "improving liquidity" of the capital. Nothing we sincere investors in Geron can do about it because the system appears to me to be rotten to the core. I have tried to write several times to the SEC complaining about specific trading irergeularities; but it has been of no use!!
A downthumb means the person who doesn't like the comment above and the one who belongs to that class!! he/she doesn't like to called smart!!
are manipulating SP to accumulate more at low price and then sell back perhaps to-morrow or day after to maximize their gain. They are not investors, just traders who believe in making money without sweating. The institutional vermin go one step further, they make money using somebody else's money!! Smart. isn't it? Of course, easy come easy go!! This IS their life style. Do you want to join the vermin team?!!!
Pretty soon, the J&J deal of $950M will prove to too little and an excellent deal on the part of the J&J team which got it sealed. Those Jakafi-loving large pharmas will be sorry that J &J outdid them!! BTD status or at least the FTD status grant will not even be delayed past 2015, perhaps in December 2015. By then, the Mayo trial patients will have long enough infusions to silence the Jakafi lobby by sealing their mouth for ever! The high- flying WS vermin shorting the stock will have vanished and the hedgies will have learned their lesson.
Interesting discussion, Shino, Smiggy & Guttermut. Blackmarango is after chippy, rightly or wrongly for quite some time and he apparently won't budge from that position. At least, he is consistently so!!
The important thing to keep in mind is that Geron is a clinical-stage biotech which possesses a golden egg and the WS hedgies and manipulators know that. The other important thing to remember is that Geron is able to nail down a good deal with a company like J&J well before even Ph 2 is started since such deals normally occur during Ph 3 or not before Ph 2 is about to end. For this, credit of course goes to the Geron board. Also, Geron will no longer need to look for any more financing; i.e., no more share dilution. Furthermore, the Janssen deal eliminates any chance of any more commercial paper for financing, leaving the company solely in the hands of common share holders (which is important if the company goes into BK, although it's least likely now). Therefore, I have withdrawn all my criticism of the board.
The traders and hedgies, primarily institutional, know at present that the company has a golden egg but is not likely to give out any more astounding news for some time, are simply using the situation, especially because it's a biotech which will be wrapped up with the slow-moving FDA, to take advantage of making money through daily swings since the large institutional investors can be kept out until the SP is $5 or above. The shorts are primarily monkeys and not really wedded to Geron shares like we longs are. Their sole purpose is to make money while spreading rumors. I will disagree with Black due to these reasons. I do not think it's wise for the Geron management to do anything with these manipulators. Yes, the SEC can; but, sadly, that inept and lobby-influenced outfit won't to do anything to stop casino-type gambling and manipulation of the current-day securities market.
Vermin are trying to make money through SP manipulation, earning a few cents a share a day!! You will see this for many sectors, especially the biotech sector where the vermin can easily spread rumors to influence SP. Monkeys follow, like a swarm of bees. Nothing else!!! That's how they all make their living. It's a new world where you do not have to sweat to make your living. It's widespread all over the Street, Kramer is not an exception!!!