Here is Maxim Group's most recent reference to Ocata; it's a "downgrade". http://www.smarteranalyst.com/2014/12/19/maxim-downgrades-ocata-therapeutics-may-downside-current-levels/ By the way, I'm a long-time holder of OCAT/ACTC. I believe in it's science, but you'd have to be a fool to believe the are not a management disaster