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sports,
In order to throw out a WAG on the split ratio I would have to take a WAG on what the pps will be when they enact the reverse a couple months out which I have no clue.
Most likely ACT will decide how many Outsanding shares they would be comfortable with. Right now the 1:80 reverse puts us at only 25MM OS which to me seems pretty thin.
It doesn't appear to me they don't expect the pps to do much in the near term when they at minimum show a 1:20 split. Really not sure why they did that, all they need to say was "reverse split up to 1:80 which covers everything...
es1,
Here is the likely process, if it doesn't answer your questions you will need to let me know.
1)most likely ACT has been pre screened by Nasdaq. ACT has stated
prior the pps is the only item holding them back. $4 bid price is needed.
2)likely ACT will make formal application in the near term. The acceptance would be contingent upon "shareholder approval of reverse split proxy".
3) April 26 vote: If approved, most likely things would move quickly to set a date for stock to trade on Nasdaq. At roughly the same time the reverse split is enacted by the BOD at a ratio most likely determined by the then current share price...
Rabin mentioned the Russel 2000 Index inclusion which suggests to me a listing to NAZ prior to May 31..
Q: What's the basic process?
A: On the last trading day in May (this year May 31), all eligible securities globally are ranked by their total market capitalization. Companies whose stocks are listed on eligible stock exchanges in eligible countries and who pass minimum liquidity and other investability rules are considered for inclusion in the indexes. Beginning on June 8, preliminary lists for the additions and deletions to the indexes are communicated to the marketplace. These changes go into effect after the close on Friday, June 22. All Russell indexes are subindexes of the Global Index.
sports,
yeah go here for compensation, try not to get ill..
page 54
http://www.sec.gov/Archives/edgar/data/1140098/000114420412012373/v302543_10k.htm
yes, shares will be issued along the way to fund operations...shares are our only currency right now..
lasers,
No, I am saying the vote has to be done prior to any RS move to Nasdaq. The vote is not until April 26(about 2 months)
lasers,
Are you a supporter of GR R/S at this time?
yes, keeping mind nothing will happen for at least 2 months
most likely more
Also, without R/S, IYO is +$1 reachable in 2012 with positive clinical results continuing for the 50K and soon testing the 100K cohorts?
IMO, NO
sports,
yes, they can grant options anytime under the 2005 Stock Plan
sports,
been advocating the RS for almost 2 years..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47339667
Advanced Cell Technology To Announce 2011 Fourth Quarter and Year-End Results on March 1st
Today : Wednesday 29 February 2012
Advanced Cell Technology, Inc. (“ACT”; OTCBB: ACTC), a leader in the field of regenerative medicine, announced today that it will release 2011 fourth quarter and year-end results on Thursday, March 1st after the market closes. The Company will hold a conference call on Friday, March 2nd at 9:00 am eastern time to discuss the results and provide an update on clinical activities.
Interested parties should dial (888)264-3177 followed by the reference conference ID number 57426004. The call will be available live and for replay by webcast at:
http://us.meeting-stream.com/advancedcelltechnology030212
north,
phase 2 was already approved when ACT bought Mytogen in 2007. Clinical trial info is now over 4 years old. Dead horse, imo.
http://clinicaltrials.gov/ct2/show/NCT00626314
es1,
Johnny,
Pink sheets put the brand on them..
http://www.otcmarkets.com/stock/IDTA/quote
Market Tiers:
http://www.otcmarkets.com/otc-101/otc-market-tiers
OTC Markets has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:
¦Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
¦Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
¦Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
¦Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
¦Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
¦Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
¦Other Public Interest Concern — There is, in OTC Markets' view, a public interest concern.
ddls,
no way to get info on the WHO...Not the last, damage awards seem
to be rolling in for those who already received court ordered shares..below was posted today
Originally Posted by rocky301
Cranshire Capital Master Fund
02/15/2012 ENDORSED LETTER addressed to Judge Denise L. Cote from Scott Mendeloff and Daniel Brown dated 2/14/2012 re: The parties write to inform the Court that they will be in a position to file a joint motion to approve the settlement agreement on 2/20/2012. The parties request that the Court cancel the conference scheduled for 2/16/2012. ENDORSEMENT: Granted. Motion is due 2/25/2012. (Motions due by 2/25/2012.) (Signed by Judge Denise L. Cote on 2/15/2012) (ab) (Entered: 02/15/2012)
I have read the document and it isn't a copy/paste so I will highlight what was said.
1) Settlement papers are being drafted
2) As part of settlement, ACT will issue shares of its common stock to Cranshire
3) Parties request court schedule fairness hearing on terms of settlement, approve issuance of securities under exemption of registration.
4) parties expect to file joint motion to approve settlement agreement around Feb 20.
OS#,
Here is where the OS# stands on Feb 16, 2012..2,029,049,544
increase of 33,371,312 shares over yesterday
NEW Chairman Blog,
Timing and Pace of Our Clinical Trial
Greetings,
As you are undoubtedly aware, last July we initiated the first-ever clinical trials using a cell therapy derived from human embryonic stem cells (hESCs) to treat various forms of macular degeneration. The end goal for our clinical trials is to test whether or not the retinal pigment epithelial (RPE) cells we make from hESCs are capable of homing to sites of injury in the retina, replacing the native RPE cells that are lost to disease, and ultimately reestablishing the function of this layer of cells in protecting photoreceptors from cell death, i.e. slowing or halting progressive vision loss. One of our ongoing trials is for Stargardt’s Macular Dystrophy (SMD, aka Stargardt’s Disease) and the other is for Dry Age-Related Macular Degeneration (Dry AMD). Last month we also initiated a European clinical trial for Stargardt’s Disease. That same week, we also published some exciting – albeit very preliminary data – relating to the patients treated last July, in The Lancet.
To date, we have treated one patient with Dry AMD (at UCLA), and a total of four patients with SMD (three at UCLA, and one at Moorfields Eye Hospital in London). The recent treatment of the two SMD patients at UCLA represents the entire first cohort of patients for this initial dose of cells in the SMD trial.
We are pleased to have both trials underway and delighted with the results we have reported so far. Clearly, though, the question arises: why does the Stargardt’s Disease trial appear to be moving alongat a faster pace than the Dry AMD trial? This has no doubt been of particular interest to our investors, upon whom the vast size of the potential market for Dry AMD is not lost; a projected market upwards of $25-30 Billion in the US and Europe alone. I intend to briefly address this issue here.
No Two Trials Alike
No two clinical trials are exactly alike or proceed at exactly the same pace. There are a few reasons why patient treatment in our Dry AMD trial has lagged behind our SMD trial a bit. It can be summed up pretty much as follows: luck, age and regulatory factors.
Any large-scale, complex project with a number of moving parts and other variables, no matter how well planned and thought through, is on some level affected by a random interplay of factors beyond the control of its planners. Clinical trials are no exception to this, and simple luck always comes into play on some level.
In the case of the dry AMD trial, four of the initial patients that principal investigator Dr. Steven Schwartz of UCLA had identified as good candidates from which to select patientstwo and threewound up being screened out of eligibility in the final battery of tests. The patients all passed initial health screenings, complete reviews of their medical records and extensive optical analyses. Sadly, on the eve of the surgeries, the longer lead time screenings for cancer and viral infections yielded previously unidentified positive results. Thesepatients hadsurelybeen excited to participate in the trial, and my heart goes out to each of them. They have suffered already with blindness from macular degeneration, and now have another tough set of circumstances to deal with in their lives.
This is, unfortunately, not an overly uncommon occurrence in clinical trials, but clearly it is more likely to happen in a trial with a patient population that tends to be elderly, by definition. Dry AMD is, after all, age-related, and an older patient population will invariably have more complicating health factorsthat could affect final eligibility to participate in a clinical trial.
The Food and Drug Administration’s (FDA) protocol for our surgeries, as you are also likely aware, involves a course of immune suppression before and for a period of time after the transplant, and a patient’s ability to tolerate this without other adverse effects is a critical factor in inclusion in the study. The extremely poor visual acuity requirements in the FDA protocol result in a decidedly elderly patient population (with patients typically being 77 years old or so at the youngest). When that factor is combined with the requirementofan intact Bruch’s Membrane, and the general health-related restrictions mentioned above, it makes for a more challenging patient screening process in the dry AMD trial relative to that for the SMD trial.
That being said, I am pleased to inform you that we are currently in the advanced stages of screening several more clinical trial candidates and are very confident that we will soon be able to treat two additional Dry AMD patients, rounding out the first cohort in the AMD trial.
Thank you, as always, for your interest and support.
Gary Rabin
Chairman and CEO
Advanced Cell Technology, Inc.
Liquid,
ddls,
Actual "dilution" takes place once shares are issued and in the OS#. At that point you own less of the Company than you did before...
OS#: 1,995,578,232 as of Feb 13,2012
279,948,091 shares have been issued since proxy approval
crawford,
45-50 patents would be close
(last audited 10K)
We currently own or have exclusive licenses to over 45 patents and have over 170 patent applications pending worldwide in the field of regenerative medicine and stem cell therapy
ACT owns or licenses more than 150 patents and patent applications related to stem cell therapy and regenerative medicine,
http://www.advancedcell.com/documents/0000/0287/Corporate%20Profile.pdf
jonny,
both have potential if successful, only clinical trials will determine who has what and if it works. To date ACT has only treated one dryAMD patient. ACT stated in their Lancet report PR
(below) that "Engraftment and increasing pigmentation were not detected in the dry AMD patient." ACT is in the very early stages and StemCells Inc hasn't begun yet. Clinical trials are long, this will be no different...
http://www.advancedcell.com/news-and-media/press-releases/act-publishes-first-report-of-embryonic-stem-cell-esc-derived-cells-transplanted-into-patients/index.asp
jonny,
StemCells INC did years of animal studies, filed their own IND to the FDA for clinical trials and was recently approved. They did their own work with their own cell type and followed the process through. It's called competition...thanks
jonny,
according to this article, same trial sites as ACT too..
The trial will be handled at the Jules Stein Eye Institute at UCLA and the Wills Eye Institute in Philadelphia.
http://www.bizjournals.com/sanfrancisco/blog/biotech/2012/02/stemcells-stem-cells-dry-amd-eye.html?ana=yfcpc
Research Grants $199,532..2008
Research Grants $204,439..2006
http://report.nih.gov/award/organizations.cfm?ot=&fy=2008&state=&ic=&fm=&orgid=4342501&view=orgdetail
plus
September 22, 2010, MARLBOROUGH, MA - Advanced Cell Technology, Inc. ("ACT”; OTCBB: ACTC) announced today that the company's Chief Scientific Officer, Robert Lanza, MD, and Kwang-Soo Kim, PhD, of Harvard University and McLean Hospital, have won a National Institutes of Health (NIH) Director's Opportunity Award for research in "Translating Basic Science Discoveries into New and Better Treatments" under the American Recovery & Reinvestment Act of 2009. The NIH Award provides McLean Hospital and ACT's joint venture with CHA Biotech, Stem Cell & Regenerative Medicine International (SCRMI), $1.9 million to explore the potential of protein- induced pluripotent stem (iPS) cells as a source of universal red blood cells and platelets for transfusion.
http://www.advancedcell.com/news-and-media/press-releases/nih-awards-dr-lanza-act-dr-kwang-soo-kim-harvard-mclean-hospital-director-opportunity-award/index.asp
north,
really not sure until the Company says something. Maybe has
something to do with PR info ACT released or maybe not...
"Engraftment and increasing pigmentation were not detected in the dry AMD patient."
http://www.advancedcell.com/news-and-media/press-releases/act-publishes-first-report-of-embryonic-stem-cell-esc-derived-cells-transplanted-into-patients/index.asp
crawford,
crawford,
bob,
(This is BS)
CHA Bio & Diostech and the U.S. firm Advanced Cell Technology recently completed a phase 3 trial of one of its three embryonic stem cell treatments using retinal pigment epithelial cells derived from human embryonic stem cells to treat blind patients with Stargardt’s Macular Dystrophy. The company announced that the trial enjoyed good results and is expecting KFDA approval in January or February.
(From CEO Rabin when asked about the above)
"As I’m sure you are well aware, CHA had nothing to do with the trials in the US. They are seeking approval to begin trials in Korea. Nothing more than that. I don’t know whether things are lost in translation or if someone is pumping up their stock or involvement in our trials. There have been frequent reports of them nearing approval to begin trials for almost one year. They aren’t near approval. We haven’t even sent them MA09 (hESC master cell lot) yet. They have to culture and manufacture their own cells, and they are not permitted to use our clinical lots of RPE. It would have to be at least 5-6 months before they could treat their first patient."
c'mon guys,
nothing wrong with any of the sites or numbers, short numbers are only published twice per month..look at the publication schedule
http://www.otcbb.com/asp/OTCE_Short_Interest.asp
Last years burn rate was about $2.3MM/qtr not including trial costs. The additional 10 employees from SCRMI is said to run $2MM/year plus more trial sites are up so I would assume it is likely to be more. How much more should be coming when ACT discloses "first ever complete annual budget process"(Dec 12 Blog) My views on financing are below recently posted elsewhere...
(From RC)
Financing: The questions have been based on whether ACT MAY draw down soon or already have and would we know?
Would we know? The last two , June 16 and Sept 22nd draws were done prior to the respective quarters being done and we found out when filings came out much later. We ended 3rd qtr with $13.9MM, that was over 4 months ago. Since Rabin came on board he has always kept the Cash on hand well over $10MM usually taking draws prior to filing the financials. Given our recent circumstances I really don't know if that happened this time around. If it did it most likely went off at .16 or more as others have. We are in a long lull time period between 3rd qtr and upcoming 10K. I will end by saying if a draw has not been transacted prior to proxy I would expect one soon, that is jmo...thanks
(1st qtr CC of 2011)
For 2011 we expect to utilize approximately 9 to 10 million dollars of cash in operations, a small increase in 2010's use of 8.8 million dollars. This is exclusive of the cost of the RPE trials. We had previously been guiding the costs for phase 1 of both trials to total 8-11 millions dollars, but now based on our actual negotiations for the CRO and data management functions, and the surgical work and followup care, we are reducing this estimate to 5-7m dollars over the entire 12 month duration of phase 1, about 75% of which will be spent in 2011. This means that we have sufficient cash on hand to last the company through 2011 without drawing on any of the equity commitment that is in place, and also assumes that we were to pay for all of the trial costs ourselves, without any grants or other non-dilutive capital, a situation we consider unlikely.
KC,
fwiw,
assuming out of the last 40MM shares issued that at least the 30.5MM "future shares" were issued. Nobody else could have received that many unless CAMOFI settled which I am quite sure hasn't happened..
Jmasdoc,
Since SH approval of proxy, 278,583,920 shares have been issued
CAMOFI remains unsettled and other shares will be issued in addition
to what we see now.
current OS# is 1,994,214,061
Outlets will not change from 1.7B shares until a filing is released by
ACT stating such which may not be until March 10K unless ACT files something inbetween..
louisa,
fwiw, Lund not on ACT BOD's..thanks
http://www.advancedcell.com/company/leadership-team/board-of-directors/
Titan,
One point of confusion seen in reader comments over the story is whether ACT destroyed embryos in the study to generate the treatment cells. In 2006, ACT developed a "single-cell biopsy" method to remove a lone cell from an embryo, leaving it otherwise intact and viable, and then use that single cell to generate stem cells in laboratory research colonies.
We asked Lanza whether these sort of cells were used in The Lancet study. Here is his reply, by email:
"Yes, we used the single-cell biopsy method (but we discarded the embryo afterwards). However, we have several hESC (human embryonic stem cell) lines where the embryos were not destroyed -- we plan to switch to those hESC lines in future (phase 3/4) clinical trials."
So there you have it.
http://content.usatoday.com/communities/sciencefair/post/2012/01/huamn-embryonic-stem-cell-blindness-treatment-study-reaction/1
louisa,
nothing to add to what was said about Roslin during 3rd qtr CC seen below except to say it will be a while..thanks
(CC question and answer)
Douglas Johnson: I would like to touch on Roslin for a minute if I could. Given European patent ruling there, I was wondering about whether cell banking has commenced there, what is the statuses on licensing and rate structures, and when would you anticipate revenue generation?
Gary Rabin: Ok, We have not started cell banking there but I am gonna have Matt Vincent address the current status of that joint venture and where we stand on moving forward there. In terms of expecting a time frame for revenue recognition I think that is a little bit of a ways out. Obviously, the process involved is creating a cell bank and then, you know, going ahead and getting license agreements in place with third parties. But Matt, why don’t you pick it up a little bit from there.
Matt Vincent: Absolutely. So, I think, the best way to characterize it right now is we are finalizing the technology transfer in terms of teaching the folks at Roslin the various techniques around single cell biopsy and then, ultimately, being able to utilize the single blastomeres in deriving embryonic stem cells. The anticipation is that we will have scientists here from Roslin shortly in order to give them the final hands-on training and put them in a position where they can either conduct work here or conduct work at their labs in Scotland. The other aspect to it that we have been working through.. it’s a matter of just dealing with some of the red tape…is identification of donors. You know, one of the hopes and expectations for this cell bank was that we were creating embryonic stem cell lines that represented not just different histocompatibility aspects to the overall population, but even cell lines that were derived from different ethnic or geographic locations. So, there has been an aspect to coordinating the donation of excess in vitro fertilization embryos for this process that we have been working through as well. But, our hope is that the bank will be up and functioning sometime early to middle of next year.
elysse,
Science side is progressing fine, imo. Clinical trials are long and in
most cases I don't see ACT as far advanced as what I see posted. The preliminary results were very good and bode well for moving on in trials keeping in mind they are very early results with questions yet to be answered but will be in due time.
Corporate side has made improvements with the 3 new BOD's which should help going forward. The share structuring is detrimental, soon to be having a 2B share float is the reason we are where we are. As stated prior, my hopes they due whatever it takes to change that...I don't see ACT getting just value or recognition fumbling around on the OTC...all, imo..thanks
sutra7,