The amount of this default is less material than the fact they have defaulted at all, as far as future financing goes.
Future financing will definitely use this default as leverage to add a few points or conditions to any agreement - after all, their business is to make money, and no financier is going to pass up an opportunity to sweeten the deal in their favor, and defaulting on a past debt is a huge and legitimate factor when it comes to negotiating terms of finance, regardless of the prospects of ACTC moving forward.
Certainly if things go as we hope with the technology, financing will be made available, but again, there is zero possibility that this default will not have an impact on the terms of any said financing, and it will be to our detriment. There is no way around that.
It is beyond explanation that ACTC would risk IP and the terms of future financing on a relatively small amount (assuming their restated financials are accurate). The facts as we know them are just not adding up. The continued silence from ACTC management is only compounding this concern. I am very very worried.
