Ocata Therapeutics Inc fka OCAT

[Dragon Lady]

Quote BS LOL, "I have followed Gabelli successfully for years and without a doubt IMO he is after the big $dollars for which he takes a percent of the profits for his pay. Gabelli is certainly not a penny flipper, $dollars and many of them.

Most importantly the Gabelli team have invested in $OCAT so that $8.50 can be firmly stated to be the concrete bottom and most likely we go higher in Gabelli's judgement."

WHAT?????????? "successfully followed Gabelli for years"??? LOL ??

Gabelli "funds" have UNDER PERFORMED the overall markets, LOL !! One would have been at least as "successful" and likely more "successful" (after Gabelli's enormous fees are subtracted out of total returns) simply investing in LOW COST index funds such as a Vanguard total market (S&P 500 for example) fund for the last 5 years or more and especially via simply re-investing all dividends, LOL !!!

Gabelli "takes" so much fees/pay out of his under performing funds that he was sued by his own losing shareholders over it (among other law suites he's "legend" for paying and settling using his public firm's funds, LOL!). The guy is legend for a lot of talk and a lot of under performance, while paying himself large. He ain't no Warren Buffett LOL !!!

http://www.nytimes.com/2006/07/14/business/14gabelli.html?_r=0

"Gabelli to Pay $130 Million to Settle Lawsuit:

Known as Super Mario for his acumen in stock picking, Mr. Gabelli, 63, who sits atop a complex public- and private-investment empire, has seen his reputation dented in recent months as he faced lawsuits that challenged his business ethics, corporate governance and pay package."

That's from the NY Times. Yeah, "successful" alright???

http://www.bloomberg.com/news/articles/2014-03-07/gabelli-channeling-buffett-at-160-times-pay-is-key-man

Bloomberg on Gabelli's excessive pay to himself while producing sub standard results for his shareholders- it's well documented, not a "success" story exactly, LOL !!

Quote from Bloomberg financial journalism piece:

"“There is no precedent for it in money management,” said Warren at Morningstar, referring to the amount of Gabelli’s pay. “What is the appeal of owning the stock when he’s taking 20 cents of every dollar of revenue?...."

Gabrelli attacking index funds as his empire sees more and more outflows from his expensive "managed funds" while producing no better returns over the long term after his massive fees are subtracted out-

http://socialize.morningstar.com/NewSocialize/forums/t/75173.aspx

Morningstar, another of the most reputable financial research firms on the planet:

""When Cisco was $500 billion market cap," said Gabelli, an index fund manager "had to buy all of the bubbles that burst because they were part of your basket."

Is he inferring is that only index fund managers bought technology stocks in the bubble and that no active manager would have dreamed of owning Cisco at a $500 billion market cap? Funny, that is not what I remember. What about the Gabelli growth fund (GABGX), down 54% over since March 2000? It seems as though Mario is trying to rewrite history.

In truth, actively managed funds investing in shares of the larges companies have lost less than the Vanguard 500 Index fund since stocks began sinking in March 2000. Active funds have fallen at a 14.3 percent annual rate while Vanguard's fund has dropped at a 15.1 percent rate, according to Morningstar Inc.

The recent out-performance of active funds is not because active managers are smarter than the market. It is because active funds hold cash in their portfolios and index funds do not. That gives active funds enough cushion in a down market to temporarily outperform index funds, at least until the higher fees catch up with them.
”

And YES, Gabrelli's ARBITRAGE UNITS "flip for pennies"- it's EXACTLY wha they do according to their own published info. AND, they short, hedge, use options, currency swaps and about 100 other ways to make money while supposedly "penny flipping" on TENDER/MERGER ARBITRAGE PLAYS, LOL !!

http://www.luxhedge.com/fund-manager/interview-with-the-gabelli-merger-arbitrage-team

Their returns are in the 3% range- they're like a "safe" bond fund, LOL !! That's what they make on ARBITRAGE, it's like a better money market fund with very low risk:

"LH: Would you have a few words perhaps on your performance (+2.77% in Q4-2011 followed by +0.49% for the first three quarters of 2012)?

The sub-fund has just celebrated its first anniversary. How do you see the next 12 months?

RR: Yes indeed, the sub-fund exhibits a total return of +3.27% net of fees after its first year of existence. The whole industry suffered from a decline in M&A activity with year-to-date deal-making activity at USD 1.7 Trillion versus USD 2 Trillion in the comparable period of 2011. We think that this is still a good performance given the context and in comparison to our competitors. We believe that the second year of the Sub-Fund will be characterised by a strong M&A activity for several reasons: record level of corporate cash, healthier credit markets, low financing rates, strong desires from executives to expand business lines implying growing opportunities to materialise basically everywhere in the world"

$8.50 has ALWAYS BEEN THE "floor" of the freaking Tender since that is the freaking TENDER PRICE, LOL !!!! It didn't take Gabelli and his arbitrage play coming along to somehow make $8.50 the supposed "floor" of this Tender deal???

WHAT DOES THAT EVEN MEAN? MAKES NO SENSE TO ME? The deal is for $8.50 a share, so of course $8.50 is and has been the "bottom" price, LOL !!! SHAZAM? What does Gabelli buying for some "clients" to play ARBITRAGE have to do with the prior established TENDER PRICE? WHAT?

TOTAL BS NONSENSE IMO. MAKES NO SENSE to me, none?