Ocata Therapeutics Inc fka OCAT

[marinespt]

Wow! What a nightmare it is... No wonder they have 2.2B shares out. I just finished reading their entire recent 10k release... Holy shit! And they are still not done with litigation and SEC civil claims. It's as if they had 50 vultures clamoring for shares and money form a company that doesn't make any money...

There are literally hundreds (plural) of millions of shares issued to every shady loan shark ACTC borrowed money from in the past. Throw in the shares the company uses to pay its CEO and Dr Lanza... and there is virtually no way the company's share price can significantly increase with all of that overhang. I actually can't believe the company has not looked into bankruptcy protection for help... Or even somehow shut ting the company down and starting over with a new company.

I read the 10k because I wanted to invest in this company...I like the promising technology...but I just can't see how they get out of this mess for at least the next 24 months.... Sure once the phase III trials start and we can see revenue in sight the share price may appreciate...but it will be difficult. The board approved a reverse split last year that they didn't exercise... I see no way the share price appreciates without doing a reverse split. The CEO needs institutional investors so they can bring on more long term shareholders and hold the stock price a little better. This requires up listing to the NASDAQ... And the current share structure won't allow the company to get there.

I'll keep this one on my watch list for perhaps a post reverse split look...

GLTA