Spetty,
from Proxy(below), I would rather they issue those shares ASAP to save us more penalty shares. Reality is they will all most likely be bundled together and fired out the door quickly to treat all with fairness. Keep in mind a large player is in advanced settlement with ACT(plust the 8.5MM unreachables) so approx. 74MM still could be included in the "global settlement" shares in addition to the 240.5MM...
(Proxy verbage)
On August 9, 2011, the Company entered into a settlement agreement and mutual release with Midsummer Investment, Ltd. and Midsummer Small Cap Master Ltd. (collectively, “Midsummer”), pursuant to which the Company immediately issued 36,000,000 shares of common stock, with an additional 30,585,774 shares of our common stock to be issued upon approval of an increase in the authorized shares of our common stock. The Company also agreed to issue an additional 3,058,577 shares of our common stock for each calendar month after the date of the settlement agreement for which the Company does not issue the additional 30,585,774 shares. If the amendment to the certificate of incorporation is approved, the Company will issue the additional shares to Midsummer.
