Saturday, May 10, 2014 12:46:09 PM
You failed to factor in that if ACTC released those nearly 900,000,000 authorized but unissued shares you state, there is no way in hell the pps would stay at $0.06. That would be roughly 30% dilution on the existing outstanding. The pps would drop to $0.03 almost instantly on that news, most likely lower based on past history of reaction to dilution.. suddenly your 53m is ~25m or less. With all the other issues and contingencies ACTC have mentioned and the outstanding settlements you mentioned also, it would be game over for shareholders. ..and before some bright spark says "but we get money from Lincoln too" ..we get it by issuing those shares to them.
Any increase in o/s would HAVE to be paired with some very very encouraging news - namely JV, that's one of the only things that will save l/term shareholders right now, imo.
Time is running out.
Any increase in o/s would HAVE to be paired with some very very encouraging news - namely JV, that's one of the only things that will save l/term shareholders right now, imo.
Time is running out.
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