Ocata Therapeutics Inc fka OCAT

[elllk]

So ACTC is going from facilities at UMass Medical Center of approximately 14,000 square feet with a monthly rent of $20,271 to a 10,607 square-foot facility in Marlboro, Massachusetts with a lease from April 1, 2010 through June 30, 2015. They state the monthly base rent in 2010 will be $12,596. But they say nothing about rent after that. So they are paying $8,000 less per month for the time being but giving up 3,000 square feet and incurring all the problems and risks inherent in transferring delicate equipment and, presumably, delicate vats and test tubes, etc., of stem cells. Sounds like a process that Lanza will not enjoy at all. Also, they say nothing about Stem Cell & Regenerative Medicine International, the joint venture with CHA, which is currently located either in the same facililty or right next door.

Does anyone know if Stem Cell & Regenerative Medicine International is also moving?

I am not too happy to hear about all of this equipment and delicate material being moved around.