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Re: harlem111 post# 24503

Tuesday, 10/05/2010 8:50:38 PM

Tuesday, October 05, 2010 8:50:38 PM

Post# of 92949
harlem,

A settlement is in the works and should be done shortly if it isn't already. Will the 49.9MM shares the Judge ordered ACT to issue be it, or will there be more added like Alpha? Will it disrupt the restructuring and refinancing agreed to by the "supermajority"(96.8% of note holders)? This is the 3rd lawsuit on this subject, maybe ACT needs to tighten up their contracts so this isn't a problem. Alpha won, Bristol won and Aronson dropped their suit one day before trial but cost ACT around $600K which they are appealing after being denied court costs...
Alpha Capital
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