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"Gather 'round people where ever you roam....the times they are a changing"
But it was up yesterday!?
no no no no no no no no no no no.
Gastro, I have to admit, it seems like your cynical sense of things belies some sort of info or wisdom that most of us wonder about. I did read a response on another forum which suggested that he hated selling was doing so because of a divorce. Also the lack of the reporting was due to the previous team that handled the paper work. Many are now giving him the benefit of the doubt. I sincerely wonder though where your learned doubt comes from. Do tell, if you wish, long time ACTC investor.
Go ACTC! Its not for backward looking fogies, its for cutting edge type that care for real people needing advanced help!
From the 10-Q
Liquidity and Capital Resources
As of December 31 , 2012, we had $815 cash on hand and current liabilities of $1,820,020 such liabilities consisting of Accounts Payable, Notes Payable, Expenses Accrued but not yet paid, Convertible Notes Payable net of Unamortized Discount and Amounts due to Affiliated Parties.
ouch.
Perhaps trading hands is the best description of what happens with shares? Could be there is a buyer for every seller. If there wasn't, I think the SP would sink quite a bit lower as MM would absorb at the best price they could get?
I've been ready for years, close to four years. When some here post about past events, I don't have to do too much research, I just remember when the event happened. I also remember when a few individuals on this mb said this and that, I notice consistency and otherwise. One thing is for sure, ACTC is pretty tenacious about succeeding, I believe they are loyal to their goal and loyal to the shareholders who have supported them!
Don't you wish the trade had some description from the buyer or seller, some kind of ID tag that represented the motivations of the seller/buyer? As it is were left with speculating which always ends up being:MM's, retail, holders of awarded shares (be they our favorite workers at ACTC or the disliked litigants). Also our current finance sells shares and provides funds for the operation to continue. I like the direction ACTC is heading, seems like our foundation is getting more solid with each event. It is time to build upwards!
At least 10 trades of 100,000. I guess its Cam etc. dumping some today.
From FDA site:
FDA Receipt of the IND:
Upon receipt of the IND by FDA, an IND number will be assigned, and the application will be forwarded to the appropriate reviewing division. The reviewing division will send a letter to the Sponsor-Investigator providing notification of the IND number assigned, date of receipt of the original application, address where future submissions to the IND should be sent, and the name and telephone number of the FDA person to whom questions about the application should be directed. Studies shall not be initiated until 30 days after the date of receipt of the IND by FDA unless you receive earlier notification by FDA that studies may begin.
T form 200,000 buy at .0758 and 800,000 at .0759.
No after hours sales of the size you mentioned were posted on the after hours nasdaq web. Hmmm?
As I listened to the CC, I thought I heard Gary say the SEC is not seeking any thing beyond the 3.5 million disgorgement and a promise to never do this kind of transaction again. Just thought this was worthy of note.
Speculation on where the PPS will go is just that, speculation. Its somewhat similar to how this or that athlete will do, or how sunny it will be next week. If we take it too seriously, we become too judgmental. We could quote him saying it can't be brought below .169, but with out the context of the OS and the unknown issuance of litigated shares to come, it would be out of context. The unknown could still bring the PPS lower, but the ongoing known has most of us convinced, it will go higher and higher.
The meeting to toss out 3 of the amended claims and also to sanction A/G for frivolous claims, as I recall.
ACTC will exceed them in terms of potency and scalability, I've read, from those who know the science well. It's all about what stage the stem cell is reproduced from, and just how the reproduction takes place. The Ips line is going to be a winner for ACTC as well.
I see that the fact is, from the investorstem cell, we have a quote from the FDA themselves that a FDA trial need not go through all three stages, in fact some treatments have been approved right from stage I. Who knows, with the great results ACTC is generating, who knows how soon they could get approved. I won't even say, I'll keep my giddy feelings inside, a delicious feeling!
"any day now...we shall be released."
I've been looking at that and from what I know so far, ACTC isn't working with those types of Stem cells. Some one else may know more about the efficacy of these types of stem cells. My hunch is that they are not as universal as what ACTC is focused on. Therefore, probably can't be ramped up for production as easily, IMO.
Those FDA approved glasses for Retinitis Pigmentosa cost 150K per pair of glasses. Est. 100,000 people in USA alone. Hmmm I wonder how many pair at that price will sell? What insurance will cover that cost? I think ACTC solution will be much more attractive!
The Myopia is especially interesting for my spouse who has over 14 diopters in each eye, and has been warned about possible detached retina....I wish they'd have a trial site here in MN. OT, I have to head over to the hospital, mom is having a big Gall stone removed...then the gall bladder in a couple of weeks.
The "hangover" as we know it today.
Quote:
Sooner done with those folks the better.
Well, even after thee 80MM+ shares are gone, CAM still has the following.
1) ACT to wire CAM $2MM by Feb 28 if they haven't done so already
2) CAM Has a $6MM convertible debenture that shares will be registered
soon with the SEC. This is convertible to shares at approx a 20%
discount to the pps when converted. ACT pays them about $40k/month interest and pays off 1/10th of principal quarterly most likely in shares using same discount as above.
Re: t-form.I think it is Camo too, never meant to imply that it is anyone else. Sooner done with those folks the better.
If you join investor stem cell web site you can see Rocky's explanation of t-form trades. I vaguely recall that when a seller has a lot of shares they want to sell, he has the broker fill as many orders throughout the day at various prices, and the average of these trades is what you see as the transaction price. Since this goes on all day, they are reported on t-form as this is reported then after hours.
Form T
A form that one must fill out and file with FINRA for making a trade over-the-counter or on NASDAQ outside normal business hours. Form T helps maintain transparency and appropriate regulation in the market.
Maybe we should stick our heads out our windows and say "I'm mad as ____ and I'm not going to take it anymore" I know you are a natural cynic, and because I come from a family where that is common, I'm comfortable in that way with some of your comments. But I'm not going to ask if I can call you daddy, ok? I find it easy to ignore the other comments, as saying things that are outrageous is common for comic relief for me as well.
Seems logical to assume based on circumstantial evidence that it is camofi, I think it is ok for Gastro to keep an update on the rough total, does no harm and seems to aid in the estimate of the end of those shares. Short of Camofi posting here to acknowledge info, there is really no way to know. I'd be curious to know if all sells are going to investors versus the Market Makers. If they are in the hands of Market Makers, it seems quite plausible that they will dump them on news or on whim.
In the SA article, there was an obvious misquote, IMO. When Gary is quoted saying the stock performed poorly he meant after they announced intentions to R/S, not after they announced intentions not to do it. Where's the editor, anyway the evidence is obvious for who ever follows the PPS. Don't put the misprint on Gary.
I think it was a correction...of paperwork.
It seems to address some of the mechanisms regarding the t-form trades that have come up. Like you, I don't entirely understand it. But it seems to make sense that there is a way that things happen which the typical retail trader does not know about.
Here is an interesting discussion on hidden volume from PPHM hub board:
Market Hidden Volume
The better internet broker and most of the non-browser based trading platforms offer this facility. That means most of the people have this feature. It allows to hide your buy/sell volume to most people but not to the MM, the pro's and owners of Level 3 data services.
Therefore it has its limits because to fill big orders you want to hide your volume from the MM and the pro's. As you noticed yesterday alvaroc and I were able to see the hidden volume, which was about 100K for starters and was combined with another type of hidden volume (see below) to continuously replenish it. Not to be confound with "show only" orders which is Broker Hidden Volume.
Because the MM sees your volume you are in the disadvantage. Some of you will have noticed, or even experienced, that PPHM can move sideways for some time and when you enter your order it suddenly climbs some cent up and after you are filled it comes back down. That is MMs work. However if they see you have a large volume to fill they keep the Ask up and will raise it gradually as long as you are prepared to follow the movement up. If they see you don't then they linger some time and at a certain moment come back to your limit and fill you, if there are no other buyers raising the price. So in a slow market never set your limit higher then the Ask and wait, you will be filled, even if it takes 3 hours for a large order, because you blocking the market swing which they need to remain profitable. In a fast and high volatility market it is different but yesterday was, never the less the days volume, a slow market for PPHM (which buy the way outperformed the markets that all - internationally - had big losses yesterday).
Broker Hidden Volume
All brokers that offer professional accounts (DVP - delivery Versus Payment Accounts) will allow you to choose one or more executive brokers, often themselves included. Most of those brokers are set-up with platforms to not only support the DVP customer but will offer special features to make those customers come their way. DVP customers represent low risk as the prime broker MUST cover any transaction of the day of that customer.
Broker hidden volume is one of those features. The brokers execution software will open, say a buy, order of a certain size which is different from the real size the customer wants to buy. Each time this order gets partially filled (that is as fix-protocol confirmations of partial fills comes in from the market) the platform will send a FIX replace record and increase the size while keeping the same order ticket and all
privileges that come within (time stamp of initial order for Bid/Ask stack priority, single commission allowing you to fill millions of shares during a complete day for 6$ because you pay per ticket).
No one at the market can know how big the real volume is and how long the broker will keep replenish the ticket size. Some internet brokers offer this as the "show only" feature which is partially hiding your volume and replenishment withing requested visible limit. It is not exactly the same because on a pro-platform you can continue to change your price limit to or change features of the order (e.g. Peg, etc) while the order executes.
In yesterdays hidden volume this technique was used in combination with the Market hidden volume. Therefore we kept seeing 100K more PPHM shares in the L2 Bid at the Top Record but not when another order started a higher Bid - so you see it wink at L3. That is the broker replacing the size depending on his position in the Bid stack.
However the 100K didn't go down as day volume got up, even while that order was at the Bid, because the brokers platform replenished it. Only when the last shares where bought one could see the 100K starting to go down. This order will have filled cheap but possible expected some short action and bought into it, which at the same time made the short action fail. That means today there may be more demand as the hidden order was almost active until close and shorts may still have to fill. For the shorts these orders are nightmares because they have no idea how many shares they'll have to drop into it before it is filled. They need to fill it in order to bring the pps further down and make the stops go off.
Local Hidden Volume
This is a professionals version of the above. Your trading system is in your office and you just have a FIX connector to the broker who has one with the markets. Your borker receives your order, adds the legal time stamps and ID's and some optional flags for money laundry control which are now part of the FIX records and then sends your order to the market. In the other way around the market replies are forwarded to your trading system. In the evening you send your records to the prime broker and so does the executive broker and then both perform the payment versus delivery and things go to the clearing house for overnight clearing. It is all automatic because FIX 5.0 has full clearing house support records.
So the above explains what happened yesterday and interfere with what was supposed to happen (close around 2.25$). It made short action fail and kept us from going up during the recovery. That scenario was very likely for yesterday because on Friday we close at HOD after a run up. So normally yesterday we should have seen swing traders sell, shorts come in and see some investors sell some shares (see cheynew post) and buy back the same day.
But if you got a vacuum cleaner at the 2.10$ range that sucks up hundred thousands of shares then the pps can't hit the stops.
In the end it ALL depends on the STOPS that can be hit because someone has to pay for it. And as we know that works less and less good with PPHM because many investors seem not to use stops anymore to keep them from being cheated out of their shares (as happened last Wednesday with the wash & rinse).
All the peeks back to the 2.15/2.19$ area that we saw yesterday where the people that needed/wanted to buy back and had to out-bid the vacuum cleaner. Some shorts will have filled. Swing traders have time, they need to do nothing if they don't want to.
The question for today is : How many shares must be bought to cover short positions of yesterday? In pre-hours only 200K shares were traded up to 2.30$. So possibly Guru's shorting (question is who were the buyers ? Guru's cannot force buyers unless they have been trading with themselves through ECN's to rise push the price up and create a better flank for shorting at the open or have a eMagazine, twitter or other pump & dump manipulation channel).
The time bomb however is called NEWS! That is the risk players must be prepared to take.
Thanks Louisa, I copied that for future reference for my self and others!
I wonder who ACTC investigational partner is for the Myopia IND that has been mentioned?
My spouse has vision worse than 20/400. If she squints she says she can make out the biggest letter on the eye chart. doesn't have amd though. The eye doctor just told us that she is vulnerable to having a detached retina.
What is the running total now on these form T shares? I don't think it's anything to fear, though. The only down side, I suppose, is that it doesn't drive the share price down during the trading day. Darn, I've got a limit purchase just waiting down there at a lower trading pps too!
who is manipulated?
As investors it seems sometimes we are like the baby birds in a nest, never satisfied with the amount of worms brought to us, and always angry when we see the moma bird feeding herself.
Would love this, i also look forward to when they grow new teeth from stem cells, it would be much better than the Root Canal then crown route.