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ADVANCED CELL TECH Message Board

  • carrollcountryman02 carrollcountryman02 Nov 21, 2012 8:37 PM Flag

    I :am a LONG...but, here is some 10Q info we need to voice concerns about

     

    didn't you think we were done with Socius?

    "On September 18, 2012, the Company delivered the sixth Series C Tranche notice to Socius for delivery of a total of 150 shares under the Series C preferred stock for funding in the amount of $1,500,000. "

    I thought we had a lot of credit remaining from Socius, but, I was wrong:
    "As of September 30, 2012, the Company has drawn $17,500,000 of the $25,000,000 commitment."

    Free shares:
    On September 28, 2012, we issued various board members 952,117 shares of common stock as compensation for services.

    On September 28, 2012, we issued 1,000,000 shares of common stock to Gary Rabin pursuant to his employment agreement.

    On September 28, 2012, we issued 1,285,714 shares of common stock to Robert Lanza pursuant to his employment agreement.

    On September 28, 2012, the issued various board members 952,117 shares of common stock valued at $75,500 as compensation for board services.

    Sentiment: Hold

    This topic is deleted.
 
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