sports,
There are two fronts to the year 2010 activity in todays filing.
On the first front we see much of the same ol' crap we have seen for years. Massive share issuance, claims of debt being settled by Optimus or someone else, huge insider compensation and so on and so on...I have bellyached about this stuff plenty so I won't go into detail again. This has to change now with a new page being turned toward the future.
The second front shows plenty too. CD holders are all but gone and mostly debt free. (which cost the Company and shareholders plenty.)We were once again issued an unqualified opinion by the auditors and have two trials cleared by the FDA with other activity planned as well.
So, we had a boatload of "ugly" in the filing but there is also quite a bit of "pretty". 2011 needs to be the year when the ugly disappears and trials pave the path to the potential pretty. ACT's business plan is all about the trials, make no doubt about that. Trial progression with positive results will transform how these filings look and will present opportunities that will benefit all.
I do not feel ACT's market potential will be possible on the OTC with a boatload of shares. To time a move to a big board exchange by the start of trial(s) is the way to go, imo. I realize many here feel we can grow into the shares and predict $20-$100 pps, I honestly don't believe that will happen. I firmly believe that being in position on another exchange either prior or during trials will have the most bang for shareholders and the Company and provide the type of investors that see ACT as a growth stock as well as provide much stronger exposure to the entire investment community, jmo...if you have specific questions sports guy, let me know...
