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Post by vzveteran on Feb 10, 2016 15:45:42 GMT
I am looking into the process going forward. Any information I get will be posted here. I am also reaching out to Astellas to see what their position is. I wonder how many holdouts there are.
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Post by thechurchmaus on Feb 10, 2016 16:38:53 GMT
contrary to the majority of opinion on this board i will still try to make lemonade.
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Post by moonfiddler on Feb 10, 2016 16:49:30 GMT
Let's hope that everyone going for appraisal rights can join together. How many are giving it a shot? Stupid or not.....we are.....
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Post by thechurchmaus on Feb 10, 2016 17:29:18 GMT
the average return per year for appraisal rights litigators stands now at 15%.see my post on clarification with the blog.
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Post by selluwud on Feb 10, 2016 18:45:10 GMT
For future reference to those that are nostalgic.  |
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Post by vzveteran on Feb 11, 2016 15:42:48 GMT
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Post by thechurchmaus on Feb 11, 2016 18:27:46 GMT
in reading through the procedure again and again(legalize)i think they have goofed up already.as i understand it there is a requirement to make shareholders aware of available appraisal rights.btw you can still file!we did get enough crapp emails and phone calls.was this one too many?
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Post by vzveteran on Feb 11, 2016 20:12:17 GMT
I still show all my OCAT shares in my account listed as OCATA therapeutics inc dissenters FR cusip with a current $8.50 value
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Post by moonfiddler on Feb 11, 2016 21:58:59 GMT
I just posted this on the other site....was an interesting episode..... Let's hope everyone who has applied for appraisal can get together.....
"I checked our Scottrade account earlier this afternoon, and the full cash value of our Ocata stock was in our account and available to use. This was strange.....since we had applied for appraisal rights. I called Scottrade....waited while they checked, and then they thanked me for letting them know....certainly was a mistake!.....and said our paper stock certificate for our Ocata shares was being mailed overnight and we'd receive tomorrow. Checked later, and the dough is gone....but still shows the number of Ocata shares in the account (with 0 value). Maybe we should have taken the money and hit the trail.....!!"
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Post by thechurchmaus on Feb 12, 2016 15:35:33 GMT
astella paid of everyone,tender and non tender already.i wonder what they are going to do about appraisal rights?i guess it depends on the # of shares involved.it seems risk management at gabelli funds decided against filing.was that decision based on ocats value or on opportunities coming in a hugely oversold market?all their holdings were sold at 8.50 before the anouncement and might have taken astella over the top.prearranged?
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Post by vzveteran on Feb 12, 2016 17:08:55 GMT
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Post by thechurchmaus on Feb 12, 2016 17:48:03 GMT
vz..i think all the non tenders have been paid off as far as i know.they should have,by law,been made aware of their rights to an appraisal.
that alpine filed and did not get paid chances are pretty good they are going for it.
i think its 20 days from the closing that you can still file non tendered shares.by paying off quickly astellas seems to want to scare them off.starting off on the wrong foot astellas...this will not look good in court!
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Post by thechurchmaus on Feb 12, 2016 18:03:23 GMT
spoke to todd mason at alpine on the phone.this filing goes back to dec 31st and they are not considering any action.bummer
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jak
Junior Member
Pic reflects current mood
Posts: 88 
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Post by jak on Feb 12, 2016 21:37:15 GMT
Hello folks,
I just spoke to Andersen Sleater, LLC law firm (Jessica Sleater and Eric Andersen) handling appraisals who was referred by Brandon Walker (one of the attorneys recommended on this site). They will be forwarding me a retainer letter that I can share with this forum if anyone else would like to join.
The cost summary is the following: this attorney firm gets paid 1/3 of the upside (so 1/3 of anything more they get over $8.50), there is about $400 out of pocket cost for filling and serving OCAT/Astella lawsuit papers which is divided by the amount of participants on the same filling. I will post the retainer document on this site (assuming I can) or forward it to whoever would like to join. Deadline for joining with this company will be February 26th.
Vzveteran, please chime in if you have a better deal with anyone else or if you want to reach out to these folks (maybe we can have them waive the out of pocket) so we align efforts if it makes sense. Sounds like the more people we get on one filling, the higher leverage we will have on negotiations and the lower the out of pocket cost.
Cheers,
John
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Post by vzveteran on Feb 12, 2016 21:59:04 GMT
Hello folks, I just spoke to Andersen Sleater, LLC law firm (Jessica Sleater and Eric Andersen) handling appraisals who was referred by Brandon Walker (one of the attorneys recommended on this site). They will be forwarding me a retainer letter that I can share with this forum if anyone else would like to join. The cost summary is the following: this attorney firm gets paid 1/3 of the upside (so 1/3 of anything more they get over $8.50), there is about $400 out of pocket cost for filling and serving OCAT/Astella lawsuit papers which is divided by the amount of participants on the same filling. I will post the retainer document on this site (assuming I can) or forward it to whoever would like to join. Deadline for joining with this company will be February 26th. Vzveteran, please chime in if you have a better deal with anyone else or if you want to reach out to these folks (maybe we can have them waive the out of pocket) so we align efforts if it makes sense. Sounds like the more people we get on one filling, the higher leverage we will have on negotiations and the lower the out of pocket cost. Cheers, John I've contacted two firms for an estimate of their customary charges. They should at least waive the 400 bucks if they are taking what amounts to a contingency fee. We have a little time yet. I would like to get a couple of more responses from attorneys, and then choose... Can you reach out to iCell members that are going this route, and see what the consensus is over there? I agree leverage in numbers, maybe even negotiate the split as well... Can these guys find out how many shares are dissenting? I feel that would be a good indicator on how strong our case is. |
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Post by moonfiddler on Feb 12, 2016 22:20:34 GMT
I've contacted two firms for an estimate of their customary charges. They should at least waive the 400 bucks if they are taking what amounts to a contingency fee. We have a little time yet. I would like to get a couple of more responses from attorneys, and then choose...
Can you reach out to iCell members that are going this route, and see what the consensus is over there? I agree leverage in numbers, maybe even negotiate the split as well...
Can these guys find out how many shares are dissenting? I feel that would be a good indicator on how strong our case is.
Hi vzveteran, We'd like to join with a group to retain a law firm. Also, we just received our paper stock certificate from Scottrade, and the owner of the shares is listed as CEDE & CO....not our names??? Is this standard for everyone that is applying for appraisal? It seems that Cede & Co. is another story that no one understands!..... Thanks!
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Post by thechurchmaus on Feb 12, 2016 22:42:31 GMT
this is not class action.according to the law how i read it it needs only one petitioner and legal and appraiser fees are shared by all on a per share basis.no thirds!!the court may also decide that astella would pay for all or part.dont jump the gun we have 12o days lets see what happens. www.sec.gov/Archives/edgar/data/878280/000119312508204014/dex99f.htmREAD IT!!!!! moonfidler can you put that att on icell? |
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Post by moonfiddler on Feb 12, 2016 23:17:41 GMT
this is not class action.according to the law how i read it it needs only one petitioner and legal and appraiser fees are shared by all on a per share basis.no thirds!!the court may also decide that astella would pay for all or part.dont jump the gun we have 12o days lets see what happens.
www.sec.gov/Archives/edgar/data/878280/000119312508204014/dex99f.htm
READ IT!!!!!
moonfidler can you put that att on icell?
Hi thechurchmaus, Just posted on iCell....
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Post by vzveteran on Feb 12, 2016 23:27:25 GMT
this is not class action.according to the law how i read it it needs only one petitioner and legal and appraiser fees are shared by all on a per share basis.no thirds!!the court may also decide that astella would pay for all or part.dont jump the gun we have 12o days lets see what happens.
www.sec.gov/Archives/edgar/data/878280/000119312508204014/dex99f.htm
READ IT!!!!!
moonfidler can you put that att on icell?
Hi thechurchmaus, Just posted on iCell.... Could you steer folks over here for discussion as well? The more info we share the better. I agree with church, I read the law the same way... |
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Post by moonfiddler on Feb 12, 2016 23:31:14 GMT
vzveteran
Could you steer folks over here for discussion as well? The more info we share the better.
I'll try, but am not getting much response......
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