Since I came on board investorshub, I was criticized for warning shareholders about Rabin the day he appointed himself as the CEO. I never trusted him and I wrote my opinion on the man. So much for that.
I have taken the decision to sell all our shares @ $0.062 even if we paid $0.197. And now, I am going after Rabin. I have written to the SEC and this is their response. You will understand why I have taken out my name.
" Thank you for contacting the U.S. Securities and Exchange Commission (SEC).
We appreciate your informing us of your concerns regarding Advanced Cell Technology and Gary Rabin. The Office of Investor Education and Advocacy (OIEA) processes many complaints received from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some correspondence received by OIEA is referred directly to other SEC offices and divisions for their review.
The SEC conducts its investigations on a confidential and nonpublic basis and neither confirms nor denies the existence of an investigation unless the SEC brings charges against someone involved. We do this to protect the integrity and effectiveness of our investigative process and to preserve the privacy of the individuals and entities involved. As a result, we will be unable to confirm whether an investigation exists or provide you with any updates on the status of your complaint or of any pending SEC investigation. Information on our policy is enclosed. You may wish to check our website, www.sec.gov, for information about pending SEC civil actions, administrative cases, and other matters.
If you have any questions, please contact me.
Sincerely,
Steven G. Johnston
Special Counsel
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(800) 732-0330
www.sec.gov "
May I suggest very politely to some of you to start complaining to the SEC before you lose everything. I am 70 years old, have been investing for a long time, and I have seen companies which were run by individuals like Rabin go down the drain. Stop dreaming !
