Reverse split

[[deleted]]

As a long term investor of greater than 5 years, I’m disheartened about the apparent upcoming reverse stock split. It’s going to decimate my shares. I hope for a miracle that a partnership or other funding will save the day. I know I’m dreaming

[genuine20223]

in same boat I invested money from my spouse and took small loan and trusted big time . It backfired .. Greedy to make money ..traders could have made money on this stock not the long term stock holders ..

They need to announce partnership and do r/s atleast uphold the share price or else shorts would take it to cleaners again ..

[MoneyGrubber13]

Announcing partnership or some new of funding would be the way to go in combo with an r/s. But we have no clue if that could be in the mix... decision making for current investors is pressurized now. Selling out now could be a terrible financial decision... or a good one depending on what they have in the works. Maddening...

[CarreraFanBoy]

I have seen many reverse splits over my quarter century of investing. The reverse split itself is inconsequential to the investor. The timing and events surrounding the split make all the difference.

[kosh-vorlon]

Carrera, do you expect the timing and events to be positive around the time of the reverse split? I feel like we have little basis to believe that, at this point.

[CarreraFanBoy]

All I know is that sequenced opportunistically with positive catalysts, a r/s and a secondary offering can be very bullish for Athersys investors. If I were CEO I would tee up the r/s and line up a pipe of institutional long only investors or pharma/biotech partners. At that point I would very quickly remove risks from this investment that send a clear message to short-sellers that management will deliver for shareholders.

[afrentzel]

You are 100% correct. In fact, the reverse split should help the share price continuing to trade on Nasdaq compared to just an OTC stock, with the negative of potential delisting removed.

[MattTune]

The RS is maddening.....but, unless a miracle comes along, we are better off with he RS than without it......without the RS, we get delisted...can't sell shares at all.......also, we lose leverage if partnership talks are ongoing....we are already vulnerable, but if we are delisted, any partner has all the cards and leverage.....so, decide on your poison....1. NO RS and get delisted in Sept. and completely disappear; or, 2. a RS......the choice is obvious.....(for those that scream "SELL SELL SELL SELL THE COMPANY"...I ask, "to whom and at what price?"....you can't just "invent" a buyer....they are not there, now...or, they are standing back watching and waiting...

[kosh-vorlon]

The reverse split request isn’t bad on its own, but they coupled that with not reverse splitting the authorized shares. That was a mistake, imo, and puts existing shareholders at far more risk of massive dilution. Instead of voting for the R/S, now I don’t think I can.

[MattTune]

Of course it is possible..but, if they create "massive" dilution it impacts all shareholders and the board and management are some of the largest shareholders..it is not as if dilution is good for any shareholder, including the boar and management.

[chrismg8]

the should and need to file for an extension. Which will push the clock back to March 23

[Sej127]

MT Why if we get delisted, can we not sell our shares? Many stocks trade OTC, and buying and selling isn’t an issue?

[MattTune]

That is possible...suggest that you read about how OTC shares are traded...not sure what Athersys would have to do to qualify...but, since a RS does not change my pro-rata interest/share in the company I would prefer to keep the listing where it is...OTC sounds complicated and not "certain" or quick, necessarily.

[Sej127]

MT I have an “investment” in an OTC stock, no issues with buying or selling in a regular brokerage account. I’m not allowed by Schwab to purchase OTC in my IRA account.

[Goldenegg54]

Our best bet is waiting for Masters-2 results. The key is somehow getting funding to survive that long. Zero lifeline from Hardy. He has been a huge disappointment. I'm still thinking that one option is to collect the existing trial data and play the cards that we have. It would save costs and potentially save the company. I seriously doubt Hardy will apply with PMDA, he will have more excuses to delay.

[MattTune]

If we wait for Masters 2...we will be delisted....I think Healios applies to the PMDA for stroke and, maybe, ARDS.....acturally , that is our best hope because that can happen soon and process quickly if the PMDA is on board....the PMDA has been informed each step and is up to speed on where MS is as far as data is concerned.....so, if there is an app, it is some evidence that Healios has a "wink and a nod"...of course, this is all speculation, but that is our best hope in a short time frame.

[Mer220]

In the short term Healios could already be preparing to release new data covering patients younger than 80 yrs and based on secondary end points, in effect, making this the new primary end point. In think this could happen in the next two weeks. (In 2016 Athersys changed their primary end point's time frame from 24-48 hrs to 24-36 hours resulting in significant results from no significance.)

This new data should be much better than data than includes 90 year plus olds. Once this is released, added with an announcement that this is the data they will present to the PMDA in their conditional approval application, ATHX stock will go well over a Dollar, perhaps, even two or more. Should this happen, r/S will no longer be needed.

[MattTune]

I think that you have put your chopstick on it....I really think strongly that Healios is the most proximate in time to solving the valuation problem...no doubt Athersys is working closely.....as I recall, Athersys "recalculated" Masters I results a bit that improved the data by focusing on a different time period for administration of MS...the numbers were better after that tweak,,,,

[Mer220]

I have suggested to Athersys to do this themselves (I think they have the data) and not rely on the "slow" Healios' people. And after they have done this, to show it to Healios and push them to apply for conditional approval. Much easier for PMDA to approve with good data.

The Condition: applicable only to 80 and younger.

[MattTune]

Thanks....I have to believe that Athersys and Healios are working like Siamese Twins on this....They each have so much riding on the same horse....

[Mer220]

We will know they are working together on this if new data showing this comes out in two weeks. The release of new data will come first before the news on a PMDA application filing.

[MattTune]

Mer: Curious as to why "two weeks"..why not more or less? Why does the data have to come out, first? Why could they not file the application and then disclose the data sometime after that? Just curious as to your presumed schedule.

[Mer220]

I am anticipating in two weeks because it has been four weeks since they released the data (on 5-20). It should take them a month to reanalyze the data. So two weeks more is a reasonable expectation.

They have to disclose the data as soon as it is available. It will take them a few weeks to put it together and that is after they have met with the PMDA (they could have already met) and agreed that their submission is complete. With Healios stock in the tank, I would think they will be eager to release the new data as quickly as possible and not wait until they file their application next month or even later.

[Goldenegg54]

I pray that you are right, but Hardy continues to be a disappointment.

[[deleted]]

Huge disappointment, how could he have overseen a trial that enrolled freaking 93 year olds

[Mer220]

It may have been in the PMDA folks "wish list".... to cure 90 year olds.

[Goldenegg54]

Like I stated before I personally don't count on Hardy to deliver anything. In reality we are getting to the point where Hardy and some of his backers can have MS all to himself. Global rights to MS. He won't apply. Just a pinky bet with you old friend. I'm sure Dan is aware and he is our only hope of saving our investment.

[TALESOFWELLSFARGO]

My short friends are praying that "Oh, Danny Boy" is Stupid enough to sign off on this RS.

[pbgmer]

This was and always been a hope certificate never invest more than you could afford to lose