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rocky301

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rocky301

Re: Smooth post# 33313

Thursday, 08/04/2011 9:29:51 PM

Thursday, August 04, 2011 9:29:51 PM

Post# of 92948
Smooth,

Todays filing showed the following was done mid June. An 8K is usually filed when this happens but nobody had any clue until today..ACT has $17MM left to draw on with Socius. Something will have to be done to increase the number of shares or something before this remaining funding can be exercised.

"On June 16, 2011, the Company delivered the second Series C Tranche notice to Socius for delivery of a total of 400 shares under the Series C preferred stock for funding in the amount of $4,000,000."
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