Looks like Lincoln is back on the SELL/DUMP side again.
I don't think it's any more complicated than that. OCAT lives off of dilution- discounted share dilution. For all intents and purposes- continual, non-stop, on-going share dilution.
It's the nature of a firm like Lincoln to let the stock price "come up for air" once in a while, kick up a bit if possible- so they can sell/dump right back into the strength for greater profits.
Living off of continual, low grade dilution money has real consequences to the common shares- it's just that simple.
ACTC/OCAT didn't get to a literal 3 BILLION plus shares outstanding and a literal 5 CENTS share price cause dilution has no consequences (not to mention over 1/3 of a $BILLION dollars in sunk capital now, never producing so much as ONE CENT of ROI for investors). Now, they're just continuing more of the same- pure dilution, on-going, never ending.
They just lost $7 million in the most recent 10-Q just filed- and didn't fund DIME ONE of their major, supposed "up coming" big ole Phase II. That $7 mil went down the drain to just good ole overhead, salaries and a little R&D spending. That's about it.
Simple IMO.