Capt_Smith77,
"3. ACT'S MANAGEMENT
None of the managers have instilled any confidence other than exciting people with blogs and tweets, and over the years they've padded their bank accounts with lofty salaries and ridiculous payouts worth millions in stock. Not once has one of the managers or BOD bought shares on the open market, yet the freebie shares are often sold and sometimes at the worst moments possible; claims of tax purposes often given as a reason. While ACT'S management may seem like a strong base, their CSO, Dr Lanza has often slipped up his public communication and has been quite expensive for his work, IMO. As for the CEO, what exactly has he done, and why does he continue to claim that he feels the same pain as his investors from a PPS standpoint? All of his shares were given to him for free! This man has done absolutely nothing to improve shareholder value, and there's a trail of missed milestones and false hopes, including the Chinese JV debacle, the 1/80 reverse split and uplisting to a major exchange that never took place and the INDs that are always just about to be filed. On top of that, the CEO often seems critical of his investors. Clearly they're the reason for ACT's poor stock performance and not the bad decision making on behalf of management. "
I agree 100% but please, let's not offend the Guru lovers or some who post Lanza pictures on this board. This company has a sectarian group and it excuses the actions of a CEO who was very present during the Caldwell years. I bought shares during the Caldwell era and I write today that I would not have if I had known about the toxic financing. The company is guilty of malpractice so don't be surprised if your Gurus get sued by a well organized group of shareholders. Rabin has two months left to perform.
AI
