Ocata Therapeutics Inc fka OCAT

[necktoeye]

Ahh All this just to pay of the toxic loans from JMJ

8k

Item 1.01. Entry into a Material Definitive Agreement.


On December 7, 2011, Advanced Cell Technology, Inc. entered into settlement agreements with certain holders of convertible promissory notes and warrants that were issued between 2005 and 2010. The settlement agreements relate to claims that the holders may have against us regarding the assertion that the conversion price of the notes and the exercise price of the warrants should have been adjusted as a result of certain transactions between the Company and JMJ Financial, Inc. during 2010. We have previously disclosed information about similarly situated holders asserting similar claims in our current reports on Form 8-K that we filed with the Securities and Exchange Commission on August 17, 2011, September 22, 2011 and October 14, 2011.

I'm surprised they are not on the DTCC chill list YET
The majority of the companies JMJ lended monies to are on the chill. Except one had it removed. It's the WORLDS FASTEST GROWING STEM CELL COMPANY They had it removed because they are the best at what they do. Hopefully ACTC follows their footsteps when it happens to them!!!

PATHETIC
On December 6, 2011, our Board approved an amendment to our certificate of incorporation to increase the authorized number of shares of our common stock from 1,750,000,000 to 2,750,000,000 shares, subject to stockholder approval at the Special Meeting. The additional shares of common stock to be authorized by adoption of the amendment would have rights identical to the currently outstanding shares of common stock. Adoption of the amendment would not affect the rights of the holders of currently outstanding common stock, except to the extent additional shares are actually issued, which may have certain effects, including dilution of the earnings per share and voting rights of current holders of common stock. If the amendment is adopted, it will become effective upon filing of the certificate of amendment with the Office of the Secretary of State of the State of Delaware. If the amendment is adopted, the certificate of amendment giving effect to the amendment will be filed as soon as practicable.


On November 30, 2011, 1,705,673,605 shares of common stock were outstanding and 124,827,644 were reserved for options, warrants, employee equity plans and other purposes. Upon the approval of this Proposal 1, there would be approximately 919,498,751 authorized and unreserved shares available for issuance