Institutional investors are beginning to unwind their position in NBS, and as with all stocks that are thinly traded (low volume stocks), a market sale by an institution will have a deleterious effect on the stock price because they have so many shares they're unloading at one time. A buy-back of shares is absolutely necessary to forge support in a deteriorating stock price. If the Board of Directors don't understand this, they should be voted out and replaced with a more shareholder friendly board.
Go to the Neostem web site, click on the "Contact Us" link, fill out the form, and let Dr Mazzo and the Board of Directors know that the company needs to approve a stock buy-back plan to take advantage of the depressed stock price. If they don't see any value at this price point, why should they expect new investors to buy the stock or expect current shareholders to keep their positions. Shareholders need to put the heat on management to evoke a response. Pressure from shareholders elicited a "letter to shareholders" blog post from Dr, Mazzo earlier in the week, and now there needs to be pressure on the executives to buy back stock while it's cheap.
This is a positive first step for Dr. Mazzo. Yesterday, I sent a lengthy letter (via their website) outlining my concerns over the stock price and the lack of positive press supporting and defending the company, and I'm guessing Dr. Mazzo received many other letters of concern via the company's website yesterday. Whether our efforts got through to him or if it was just coincidence that he reached out through the blog to defend the company, it's a good first start.
Go to the NBS website and click on the "Contact Us" link. You will have an opportunity to send the CEO a message urging him and the other executives to come out in the media to defend the stock. If you want to see change in how management reacts to a dropping stock price, you have to be proactive and reach out to the CEO and other NBS executives. Grassroots efforts are extremely effective if it's done in large numbers, so don't be passive. Write a comment on their website and let the NBS team know how you feel and demand change in how they handle their crisis management.