LOL quote, "Quote from CTY:
"BIG THINGS are in waiting to be revealed soon.. all this information we are seeing is leading up to JV that will have a very positive effect on the PPS for OCATA.. Just my opinion of course ... I am long and staying strong...""
OK? It's been 10 plus YEARS of the imaginary "big things" always lurking out there just around that mythological bend in the ole Yellow Brick Road and on pure rumors "about to be revealed soon", LOL. Problem is, they just never seem to come true or never seem to affect the stock price, those "soon rumors" - as dilution and no product, no sales, no real progress to a product for another 5 yrs approx. sorta trumps all the fantasy land "predictions" as usual.
Reality- it's a 6.1 CENT stock when the R/S is backed-out and is trading at or below where it was over THREE YEARS AGO.
And yes- that's 6.1 CENTS split adjusted even with the "big article" and the "new management" (LOL, they had to get "new" mgt AGAIN, as what they had was so corrupt and failed and racked up SEC violations and prosecutions- that they tossed nearly the entire Sr. mgt team again, not even the first change-out); after the "big JV" rumors that have never come true; after the "big new logo and web site" (LOL, wow, like what, maybe $1,500 bucks on a website do-over? Oh that's always a sure sign a company is going "big"??) and after they changed their name (wowy again, like when your OTC past is so tainted you gotta change your name to run and "try" and distance yourself from it IMO- like some "image makeover" TV show or something, again a sure sign it's all going "big", oh yeah fa sure?); and after the "new" mgt, same as the old self votes and self passes ever bigger pay increases and perks packages as their very first "order of biz" the instant they sat in the "bosses chair" before the coffee even warmed up on day one, just like the old mgt's of past; and then even a "magic uplist" which again, has the stock sitting below where it was over 3 yrs ago, and blah, blah, blah.
Yep, just all kinds of rumored "big things" just hanging out there "almost/maybe/kinda/sorta/perhaps/could/might" happen as real "soon" as usual ("soon" in "OCAT time", like dog yrs or something, appears to be anywhere from maybe 3 yrs to 10 yrs or more? Sorta?). Right on.
The ACTC/OCAT "story" as it's been for 10 plus yrs now- and it's parked, trading below where it was 3 yrs ago and has NOT attracted any non-dilutive source of major financing, it's for all intents and purposes only "alive" and living off of 100% pure dilution based, low end Lincoln bucks, down to less than $18 mil lousy dollars of cash left on the "credit card" and NO major trial is being started or conducted yet- as they can't FUND IT YET as they botched a secondary and have no "plan B" in place or revealed yet. They're just bleeding down cash on the Lincoln credit card- treading water for all intents and purposes IMO. NO major, "big trial" is going to be funded and rocking and rolling on less than $18 mil, which barely services for more than maybe 7 more months, their top heavy, bloated mgt structure and high expense ratio they carry right now.
OCAT has about 37 employees total maybe- but they have like SIX VP or higher "C" level managers (might be 7, I'd need to check filings)- that's like having "maybe" 5 people each reporting to some VP level, high paid Sr Mgt person. I've seen companies that do a $BILLION a yr in sales, have 1000 or more employees, have world wide global "operations" - meaning plants and manufacturing and equipment and true global sales teams, etc and they have maybe FIVE Sr Mgt positions - a CEO, and 4 VP's reporting to him/her each VP running a major "division level" function with 100's of people in their groups and maybe one or two "manager" level reports to them. OCAT is massively top-heavy and full of Sr mgt BLOAT IMO. They don't even conduct daily "operations" or sell anything yet- but are top loaded with expensive mgt as if they're already "in the big league" and playing the game. Just burning money as usual- self enriching the top shelf boy's club to me- and using pure dilution cash to do it.
Reality-ville versus the happy, tall tales "storybook" version IMO.
