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If you formally tender your shares, and then you sell your shares to me. Do I now own tendered shares?
Captain Kirk is wrong.'Astella is not acquiring any shares. There is a 12 month stand still agreement prohibiting Astella from buying the shares. If that agreement was amended, it would have to be reported to the SEC and us. If Astella was acquiring all these shares, they would be well past the threshold for having to report their percentage ownership. When is that reporting period again? If Astella was compiling these shares, how did I get mine back? All shares cost around 8.48 to 8.50. Therefore, if Astella were not prohibited from acquiring shares, it is logical to acquire all shares on the open market for less than 8.50. Pennies difference in price is millions difference in purchase price for Astella. I sold my shares about a 3 weeks ago at 8.50. I bought them back on 12-15-15 at 8.48 to see what would happen. How did I buy them all back? Why did Astella sell to me, and if was not Astella, then why didn't Astella buy them?
Astella and OCATA have a constant updated count on tendered shares. IMO Astella will not offer a higher price during this offer period to expire January 21. If they are not successful by January 21, then maybe they offer more. Astellas is obligated to extend as necessary through May. There are several more rounds of extensions to come.
Still, makes. No sense to tender, unless your broke and need the money, then why not just sell?
I don't recall reading anywhere in the SEC document that Astella has the option to terminate the tender offer. They have the obligation to extend the tender as necessary. But in no event do they have the obligation to extend the tender offer past May, I believe. If not enough shares are tendered initially, then the Board of Directors for OCAT will cause Astella to extend the tender offer time period. Potentially, nothing is going to happen for quite some time.
Honest question: why would that make any sense to tender "at least some of your shares?" Why not either tender all or none? What would be the benefit of saying yes on some shares and no on other shares? Please advise.
I have read what there is to read out there about this tender with Astellas, including all the SEC docs. What I don't know the answer to is how exactly is a share tendered, or not tendered? Is there an affirmative act by a shareholder or omission by a shareholder which needs to occur? Is there a form that will be sent out to shareholders to elect to tender or not tender? How is a share determined to be "tendered"?
Thanks
Edit: reading the tender procedure, I hold my shares through Schwab, which I think constitute book entry shares since I do not have a physical certificate. Schwab, as an agent, is probably a member of the book entry facilitation system referred to in the tender procedure. So I guess the question is how do I stop Schwab from tendering my shares? Do I need to send an email? Will Schwab inquire with me?
Honest questions.
Lol. Can't you tell? What he has to say is really important and everybody should listen to him, including the OCATA BOD. The nerve of the BOD to ignore him. I shall not go quietly into the night!!!!!!!!!!
I see no reason to sell at this point. If nothing better comes along, then I get 8.50. If something better comes along, then I have no doubt PW will screw the Japanese company and jump at the better offer. However, I doubt any other offers will happen.
I read in the SEC docs that the OCATA board will be dissolved, and OCATA will be immediately dislisted from the NASDAQ.
I also saw that Lanza sold some shares for under 8.50. Must need the cash. Why not wait a month and get the 8.50, or the better offer? Prearranged blind trust sell off?
I am glad the law firms are investigating. Doubt anything will happen. But it would be nice to have the board's fiduciary responsibility to the shareholders looked at and maybe some information as to what transpired behind the scenes. Perhaps validation of our collective thoughts at this point.
The morning CC was totally an attempt to conceal material information from shareholders, perhaps one last manipulation of the PPS, but definately an express avoidance of fielding questions on THE biggest decision/transaction/event in company history.
Part of me wants my 8.50 and be done. Part of me is a true blood OCATA shareholder for many years and cannot let go of that last little sliver of hope; that string we have all been following. Even now, it might come true!
Through my disagreements on this board with others, I have been banned, censored and limited to one post per day. I guess that battle is ending too. Life goes on!
What does this current price do to the shorts?
That's awesome. I am not selling. Looking forward to the coming months and 2016!
If I remember corectly, Wotton's statement concerning being "ruthless"'was in regard to pursuing the goals of the company. Nothing to do with shorts, nothing to do with shareholders. Posters on this board took it to mean he will defeat the shorts, I took it to believe he would pursue the company's goals even if it meant negative results to shareholders. It has been stated time and time again on this board that it is believed Wotton cares less about the small shareholder, and does care about attracting the large institutional shareholder. We have already seen this stock undergo a reverse split, which some small Shareholders view as a negative, but which Wotton "ruthlessly" pursued in order to get this company on the Nasdaq. We all want and expect a JV, Partnership or funding, which I am sure will come along with issuance of treasury stock, which some shareholders may view as a negative. The point of my opinion being that I agree Wotton doesn't care about you or me, he doesn't care if you buy more or sell out, he doesn't care if you call the company, write them emails, or demand he respond to Yellow Journalism. He is keeping his eyes on the ultimate prize. I am 40, I will hold my shares which have a combined basis of $45k until I die, the company is bankrupt, or I am rich. Yes, I am underwater PPS as of now. No, I don't plan on buying more.
One more thing in my opinion, I read a post on here which described how shorts borrow our shares to work them against us. If I remember, defeating this tactic was as simple as not allowing options or something on the brokerage account. Could somebody with knowledge of Schwab post how to do this again, and for any other type of account, so those who don't want their shares used/borrowed can put a stop to it.
Thanks
Yea I was very skeptical of the seeking alpha article but when I see none of the same things myself it lends no credence that something is up. It also appears from the Uncorroborated opinion that OCATA is about ready skyrocket in shareprice. Buyer beware, don't miss your opportunity to buy at these bargains
Agreed.
Necessity vs. imposing a desire. Hmmm. Interesting. Brilliant
Right. And I bet all those other companies have shareholders that post similar concerns (complaints). OCATA is not unique in this regard.
Most of the market is down today. Are all CEOs liars? No. Are all public companies going to die? No. Unfortunately, OCATA is subject to market forces, just like every other company.
If you have the same hunch every single day it is bound to come true sooner or later.
I think OCAT is like a butterfly tattoo. It was a good idea at the time, now you can't get rid of it.
I don't think the jury is out on Wotton. IMO, he is doing a fine job. And by the way, another brilliant post.
Yes I could
A brilliant post!
55 years of experience is street smarts - an understanding of what is happening beyond what can be derived from history, charts, stats and reports (book smarts). Gotta have both to be successful.
Agreed!
IMO PW's statements were emphatic. As if there is a desire to be persuasive, rather than taking matters for granted. That's good.
I agree
I thought the lawsuit was settled quite a while ago. Does this 13G filing represent the actual transfer of the settlement amount from OCATA to Aronson? If so, is this significant that the settlement is, with finality, over? Is it significant that this transfer is being reported on the eve of Wotton's presentation? Does this filing represent one more hurdle actually cleared thereby (hopefully) making this stock more attractive to the larger investors? Maybe somebody more knowledgeable than I on this board (most) sees this as a positive and would care to expound. I know there will be no shortage of why this is a negative. Thanks.
We are all in the same boat (actual shareholders that is).
I agree with your first sentence and Auger Post 80661
Ball is always in my court concerning my shares, true. I absorb and learn what I can. I am no expert.
I would like to know the answer to the Polliwog matter posed by and between lasers and fairviewhill, I am sure others would too. I looked at the Polliwog link and did not understand. Ball is in your court Fairviewhill.
Learning from my mistakes:
1. I will believe it when I see it
2. I have stomped on my rose colored glasses
3. I read all posts, cautiously, everybody has an agenda
4. I would be thrilled to break even at about $8 PPS
5. I am not buying anymore, but I am not selling what I have
6. Communication by a publically traded company, to whatever extent, is important
I am positive on OCAT long term
Hearing that OCAT monthly burn rate is much lower than has been speculated on this board is encouraging.
I am also holding for the long haul. Not going anywhere. I must admit my spirits are down, but nothing that has occurred so far is reason for me to sell.
This was the pivotal day for you, are you selling?
Carry on Lasers. Your posts carry much weight and are well read. Thanks.
I don't feel bad for kitty cat. He has been gambling like the rest of us. Hindsight is 2020.
Reality equals perception
I agree with Crawford. Go about your life. The company is probably waiting for optimal market conditions. IMO
OCATA is close to having their casino built, and will start to make lots of money and slowly buy back all the PPS, er land, which was taken from them
I don't know what is going on. Here is what my Schwab Account has to say about OCATA (PPS $69,550.00):
Ocata Therapeutics Inc OCAT:OTCQB OTC
Schwab Equity Rating®
Data as of 11/14/2014*
$69,550.00 +69,549.9321 (102,429,944.18%) 135,240 Above Avg. As of close Monday, 11/17/2014
Isn't this what we expect though?!#@$%&*
Deal!
lol