I'm holding 3M shares in SVFC and will hold them until the share price is much stronger, hopefully in excess of $1. Thanks for all of the DD that you're doing for others and I agree that the bitching and sniping is only helping to serve the short interest and damage the long interest.
However, this is a public company and has legal obligations for filing reports at certain intervals which are well publicised. Dr Vic signed the NT 10-Q on 15 May and confirmed that it would be filed within 5 days which we all know didn't happen. So my question is what happened in that 5 day period, or was there never any intention to file??? I live in France and am therefore not familiar with SEC regulations but I'm sure that stating a falsehood on a return is in breach of regulations.
The other obligation that the company officer's have is to keep their shareholders up to date and this is clearly not happening - the fact that there is nothing coming out of SVFC tells me that either something big is happening or there are real problems - I'm hoping it's the first option but I would feel better if there was more information forthcoming - the lack of information may also be part of the reason why people are selling rather than holding out for higher prices which is also helping the shorts.
I'm going to stay long but come on guys, give us some information, I believe that it is better for the company in the long run...
AI
