Ocata Therapeutics Inc fka OCAT

[MightyLion]

Please show me the word 'possible' on the 8K.
http://www.sec.gov/Archives/edgar/data/1140098/000101968714001483/advancedcell_8k.htm
Notice cannot be sent arbitrarily, otherwise there would be thousands of these things filed every day purely to undermine shareholder confidence. There has to be a basis in fact or the SEC would absolutely destroy CAMOFI, and ACTC would be screaming murder from the moment the 8K was filed, which clearly they are not.. ACTC even state themselves; ", the Company is continuing to negotiate with the Holders to reach an amicable resolution of this matter." That is NOT a denial, that is an acknowledgement.

"The Notice alerted the Company that due to the Company’s failure to deliver shares of common stock issuable to the Holders within three days of a conversion event occurring in March 2014 under the Notes, an “Event of Default” under the Notes had occurred and the Holders were reserving all rights held by them arising from such Event of Default. Among these rights are the Holders’ ability to declare as immediately due and payable the aggregate principal amount remaining under the Notes together with any other amounts owed under the Notes, which amount equaled approximately $1,200,000 in the aggregate as of the date of the Notice, with such amount accruing an interest rate of 18% per annum upon such declaration by the Holders.

As previously disclosed on the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on January 17, 2013, the Notes were issued pursuant to the terms of a settlement agreement and mutual release (the “Settlement Agreement”) by and among the Company and the Holders as of January 11, 2013. To secure its obligations under the Notes, the Company granted a security interest in substantially all of the Company’s assets, including its intellectual property, to the Holders. As of the date of this Current Report on Form 8-K, the Company is continuing to negotiate with the Holders to reach an amicable resolution of this matter."

Don't shoot the messenger...