Ocata Therapeutics Inc fka OCAT

[Spetty772002]

Two corrections:

#1) It's not 300 million "worth" of shares being issued. This would imply 3.5 billion shares being issued at the current price of 8 cents. I think what you meant you say was "around 300 million shares"...but see #2) below

#2) There will be 240.5 million shares issued, likely on 01/25/12.

I'm correcting #2) for the 2nd time and am posting a link. In fairness, however, there is still one lawsuit outstanding that has apparently yet to be settled. I believe the estimates I heard on iCell are that they'll probably eventually have to issue about 90 million shares in addition to the 240.5 million that will likely be issued January 25th, assuming that the AS increase is approved. There were also 4 other parties that would be entitled to shares under the global settlement that ACTC hasn't been able to reach, but Rabin said in aggregate, they would only get an estimated 8 million shares combined si it's pretty irrelevant in the scheme of things.

"According to the terms of the agreements, ACT will issue approximately 240.5 million shares in total to this group of holders, in exchange for a mutual two-way release of any current and/or future claims. The settlement agreements further provide that the shares will be delivered following the approval of an increase in the company’s authorized shares by the company’s stockholders. "

http://finance.yahoo.com/news/ACT-Announces-Settlements-bw-1031098134.html?x=0