MultiCell Technologies Inc (MCET)

[golfprisoner]

I FOUND IT!!!!

When I first read the news of MCET's application over the summer I researched hard and I found the attached IRS website which I believe is the program they applied to ( Qualifying Therapeutic Discovery Project Tax Credit or Grant Program ). The good news is that this tax credit can be taken as a $5 MILLION GRANT IN LIEU OF THE TAX CREDIT. See the fifth Question and Answer on the attached website. If I recall didn't they apply for 4 of these grants???

I'm not an accountant and haven't read all the details but would greatly appreciate anyone's thoughts and input.

GLTA

http://www.irs.gov/newsroom/article/0,,id=224011,00.html