Captain Kirk is wrong.'Astella is not acquiring any shares. There is a 12 month stand still agreement prohibiting Astella from buying the shares. If that agreement was amended, it would have to be reported to the SEC and us. If Astella was acquiring all these shares, they would be well past the threshold for having to report their percentage ownership. When is that reporting period again? If Astella was compiling these shares, how did I get mine back? All shares cost around 8.48 to 8.50. Therefore, if Astella were not prohibited from acquiring shares, it is logical to acquire all shares on the open market for less than 8.50. Pennies difference in price is millions difference in purchase price for Astella. I sold my shares about a 3 weeks ago at 8.50. I bought them back on 12-15-15 at 8.48 to see what would happen. How did I buy them all back? Why did Astella sell to me, and if was not Astella, then why didn't Astella buy them?
Astella and OCATA have a constant updated count on tendered shares. IMO Astella will not offer a higher price during this offer period to expire January 21. If they are not successful by January 21, then maybe they offer more. Astellas is obligated to extend as necessary through May. There are several more rounds of extensions to come.
Still, makes. No sense to tender, unless your broke and need the money, then why not just sell?
