Nowhere in the PR did they stated they would have their 10K and 10Q finished buy June 30th. I do not know why everyone is getting so upset about it. They are working on it and will announce it when the time is right.
WORCESTER, Mass.--(BUSINESS WIRE)--Advanced Cell Technology, Inc. (Advanced Cell, ACT) (OTC: ACTC - News) updated the status of its filings for Form 10-Q and 10-K for certain periods during calendar 2008. The Company is in the process of completing its quarterly statements for the periods ended June 30, 2008 and September 30, 2008, and expects to file the 10-Q’s for those periods prior to the end of this month. The Company will then work with its auditors to complete its Form 10-K for the year-ended December 31, 2008. Upon completion, Advanced Cell intends to apply to relist its shares on the Over-the-Counter Bulletin Board.
“The Company, in conjunction with its auditors, is working diligently to complete the necessary filings in order to relist on the Bulletin Board,” said William Caldwell, CEO of Advanced Cell. “We have made great progress in developing our scientific platform, and are excited to file an IND to commence human clinical trials for our retinal pigment epithelium (RPE) technology. However, we recognize the importance of transparency and believe that a listing on the Bulletin Board will enhance recognition for our Company among the investment community as we believe we have the only technology that can today produce stem cell lines without the destruction of the embryo.”
Advanced Cell Technology Files Form 10-Q for its 2008 Second and Third Quarters Mon May 11, 2009 10:01am EDT
Email | Print | Share | Reprints | Single Page [-] Text [+]
Company Moves Towards Relisting on Over-the-Counter Bulletin Board WORCESTER, Mass.--(Business Wire)-- Advanced Cell Technology, Inc. (Advanced Cell, ACT) (OTC: ACTC) announced today that it has filed its Form 10-Q for its 2008 second and third quarters for the three months ended June 30, 2008 and September 30, 2008. The Company anticipates filing its Form 10-K for the year-ended December 31, 2008 and Form10-Q for the first quarter ended March 31, 2009 prior to the end of this quarter. Upon completing those filings, the Company intends to file for relisting on the Over-the-Counter Bulletin Board as its financial statements will be current.
That's the reason for the drifting down. The market does not like uncertainty. And when you miss a date you said you would hit even by a few days you pay the price.