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Re: NHNMx post# 31250

Saturday, 04/16/2011 2:33:16 PM

Saturday, April 16, 2011 2:33:16 PM

Post# of 92948
euro,

welcome to the board.

"what price and when do you think it is the right time to jump in?"

euro, I don't advise or speculate on those things. There is a wealth of info here and other boards to consider that I am sure will give you enough ammo as to what you feel is right.


"just concern qbout those warrants at 0.10."

The following is intended to update you on where we stand with .10 warrants. The first paragraph below is directly from 10K. The second paragraph is from my e-mail discussion with CEO Rabin.
To summarize, as of approx. one month ago, we had about 117MM .10 warrants that had not yet been exercised. Yes, this will always represent stock pressure until they are chewed up, it also represents CASH directly to ACT coffers. These warrants plus stock issued to investors at discounted pricing is still out there. We are no doubt eating away at this on a daily basis to the extent possible on the volume. It takes time but we are making substantial progress in relieving ourselves of past financing deals and massive share issuance. The 10K of late shows ACT has does some major cleansing and has positioned itself quite well prior to trials or an uplisting if they choose that route. In short, we have some discounted shares to work through yet but a fraction of what we have seen in the past. IMO only, some of the recent pressure when we neared .20 was due to the warrant holders doubling up or close to it..once again, just opinion.

_____________________________________________________________________
(from 10K)
"As of December 31, 2010, on an aggregated basis our debt and preferred stock financings may result in being converted into 6,400,425 shares of our common stock, and warrants and options that may be converted into approximately 183,307,361 shares of our common stock."

(this is info from Rabin)
The above totals about 190MM shares. Warrants have decreased by 50MM since the beginning of the year. That leaves us with 140MM stock options and warrants outstanding..15.8 million options and 123.8 million warrants and debt/preferred shares that can be converted to equity.
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