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Wednesday, 10/13/2010 6:52:08 PM

Wednesday, October 13, 2010 6:52:08 PM

Post# of 92948
"Rocky, In Caldwells blog response he states almost 20% of OS# held by insiders? That doesn't seem right and doesn't match the Form 4 totals.?"

No, the Form 4 totals won't match. Here is why. Go to page 72 of last S1 filing:
http://www.sec.gov/Archives/edgar/data/1140098/000101376210001081/forms1advancedcell.htm

Note insiders owned 18.95% based on 878,734,631 shares of Common Stock as of April 27, 2010. Note Rabin and Shapiros totals are much higher than Form 4's show. They have shares included coming from financing deals with ACT, see below.

Shapiro: Includes (i) indirect ownership of 3,794,883 shares and 4,215,020 shares subject to convertible debentures held by The Shapiro Family Trust and of which Dr. Shapiro may be deemed the beneficial owner, (ii) 2,704,178 shares subject to warrants held by The Shapiro Family Trust and of which Dr. Shapiro may be deemed the beneficial owner, and (iii) 100,000 shares subject to stock options that are currently exercisable or exercisable within 60 days of April 27, 2010.

RABIN: Includes indirect ownership of 2,037,430 shares issuable upon exercise of certain warrants held by PDP I, LLC, which such number of shares represents Mr. Rabin's proportional interest in the total number of shares held by PDPI, LLC, based on his 33.33% equity interest in the entity.
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