Actinium Pharmaceuticals Inc (ATNM)

[GoodGuyBill]

I don't know cardmaster114 as I have not been following ATNM. But there are a number of reasons that suggest management may not be lazy. first, 43% of the stock is held by insiders. A reverse split (without accompanying really-good news) would wipe them out as the pps would likely collapse right back to pre-split levels. Second, institutions hold 23% of the stock. These institutions include hedge funds which wouldn't stand for laziness that results in their getting wiped out. Third, atnm has only 162 million shares outstanding! What benefit would a r/s be to the company? So, I'm more inclined to hold that the reverse split authorization is a worst-case, insurance policy to avoid the risk of an automatic delisting from the NY Stock Exchange, which would occur if (a) stock falls below $0.20 on a 30-day average or (b) stock falls at or below $0.06 at any time. So the question here is...is the pps likely to fall to or below .20 for 30 days or .06 at any time?

Here's what the 14a SEC form stated:

To ensure that we are able to maintain compliance with the listing standards of the NYSE AMERICAN exchange we are seeking authorization for the Board of Directors, subject to their discretion, to effect a reverse stock split or alternately abandon such action depending on the stock price. The NYSE AMERICAN listing standards require that an issuers stock not fall below $0.20 on a 30-day average and include an automatic delisting, which would occur immediately if such stock trades at or below $0.06 at any time. While our stock is not at these levels, to prevent such an occurrence, we seek approval to amend our certificate of incorporation for our Board of Directors to be authorized to effect a reverse stock split at a ratio not greater than 1-for-75 at its discretion.

I am very interested in your thoughts regarding this and the thoughts of others as I am a newbie to this company and trying to learn as much as I can.



Major Holders

1.43% % of Shares Held by All Insider
22.44% % of Shares Held by Institutions
22.77% % of Float Held by Institutions
45 Number of Institutions Holding Shares


Top Institutional Holders

Holder Shares
Sabby Management, LLC 8,797,509
Sio Capital Management, LLC 6,003,142
Vanguard Group, Inc. (The) 4,646,805
Endurant Capital Management, LP 1,354,172
PNC Financial Services 1,031,210
Geode Capital Management, LLC 588,211
Renaissance Technologies, LLC 500,573
Blackrock Inc. 478,278
Northern Trust Corporation 274,065
Oppenheimer & Company Inc. 245,281

Top Mutual Fund Holders
Holder Shares

Vanguard Total Stock Market Index Fund 1,427,050
Vanguard Extended Market Index Fund 1,381,672
Fidelity Extended Market Index Fund 386,446
Fidelity Total Market Index Fund 117,751
Vanguard Institutional Index-Inst Total Stock Market Ind 97,444
Schwab Capital Trust-Total Stock Market Index Fund 80,219
Fidelity Series Total Market Index Fund 76,709
Vanguard Balanced Index Fund 68,434

Management is lazy. They will take the easy road and do the reverse split. They do not want to do the hard work and move the price up on its merits. I would just take a small position here and wait to see if the RS does come.