Hopefully the following will assist some regarding recent questions:
(page 4 of Proxy)
May 10, 2011. On such date, 1,542,957,661 shares of Common Stock were outstanding
(155K shares less than the 10Q showed, not sure why)
Using 1.53B as OS#(a month old now) and adding " in the money options and warrants" we can arrive at a fully diluted count.
(From 10Q)
Warrants: 107MM in the money with exercise price of .10-.11
Options: vested and exercisable and in the money now approx. 20MM
Fully diluted using Treasury Method of in the money warrants and options.............1.657 B shares
Authorized share # is 1.750 B
Recent discussions of "shares available in 2005 Incentive Plan" is 127MM
Socius $21MM funding line
Summary: Without any large amounts of Stock Plan shares being issued and no Socius dollars drawn upon
(no need to do so right now) and based upon the " share faucet" being turned down considerably since the payoff
of CD financing, it seems ACT, imo, is good until approx year end without addressing Authorized increase or
restructuring in some form.
