Captain Kirk, thanks for keeping it real! Also everyone else that is rational here...
This is just a little something to put out there for anyone who thinks they should not tender: not tendering is pure gambling. Investing in this stock was always a gamble. The BOD and management have shown, time and time again, that they have nothing but disdain for shareholders. They do not give a hoot about what happens to shareholders. Gary Aronson is not going to come in and save anyone from losing money or to get people more money for that matter.
I invested in this stock several years ago because I wanted to *speculate* on a biotech. It was extremely risky. Look at the financials. Look at them going back some years. This was always risky. Did I lose some money at $8.50, yes... Am I tendering all my 3000 shares? Yes, absolutely. It's time to move on. I am in my early 30s, and by tendering I cut my losses, and still have a significant amount of money to move on with. I am a much smarter investor now than I was before I got involved with ACTC (OCATA).
If you find yourself unable to tender, move on to new investment speculations, then you need to ask yourself why you are doing that. You are likely to either ***lose ALL YOUR money*** or just have to tender anyway, but have your money caught up in a futile legal process for months. Investors should walk away from this...sayonara. As hard as it is to admit, we will never make any money on this ever, and at 8.50 a share we are lucky not to go down entirely!!! Get real.
There are plenty of solid things to invest in--even at a speculative level--that are not a total blind risk like this was. Don't toast yourself by believing they owe us little retail shareholders anything... they don't.
I tendered all my shares yesterday and just wanted to post this final thought as I have been lurking and reading all these discussions for years.
Francis
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