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rocky301

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rocky301

Re: louisa post# 29482

Tuesday, 02/15/2011 10:00:11 AM

Tuesday, February 15, 2011 10:00:11 AM

Post# of 92948
well, the current situation has been discussed here many times and at the rate ACT was issuing shares it was inevitable. Back in November I figured about 6 months left under the current structure
before something would have to be done.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57090338
The 6 months wasn't based on the Socius deal as we knew nothing of it then. ACT has kicked out 310MM shares in a tad more than 2 months, more than most of our competitors have in total OS#...I would suggest a Proxy is forthcoming asking for the following approval, jmo.

1)more shares for 2005 Stock Option plan
2)Increase the AS#
3)Reverse stock split with a range and time limit for use

Hoping your day gets better..
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