Satellite,
I don't feel they are "dragging their feet", here is why.
The two quarterlies were filed on May 8. After that date the 10K
was most likely started as info in May 8 filings was needed prior to starting. The 10K is an audited filing which covers all of 2008. If any mistakes were made in the unaudited
first 3 quarters, now is the time to correct them under the audit. Couple that with the auditors needing everything checked and rechecked and then verified takes time. Any comments or questions by the auditors need to be taken care of by ACTC. It can make substantial work for one or two ACTC employees just answering questions, retrieving invoices and verifying statements. It is time consuming on both sides of the coin. The 10K is the most important filing of the year because it is audited. ACTC gave them a 7 week window to file, that is about 1/2 the time the SEC gives filers to file(90 days), so I think their time frame is fair, jmo...also remember they stated both the 10K and 2009 10Q would be done before June 30th, that is very reasonable and I hope they meet the stated goal.
