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Post# of 92948
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fordwill1953

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fordwill1953

Re: rocky301 post# 44536

Saturday, 06/02/2012 2:05:30 PM

Saturday, June 02, 2012 2:05:30 PM

Post# of 92948
The cost of this litigation will be significant. ACTC will try to cap the damage to disengorging the $3.5 million illegally gained and to cap the penalty to $1 million or less. At the end of the day, I'm GUESSING that we are looking into

a. a $5 million buck hit,
b. Shareholder lawsuits against the current CEO/former CFO for failing to divulge, and
c. a very difficult black eye for ACTC in future financings.

While some may suggest that ACTC is an innocent bystander to the number of crimes by the brokers, the former CEO played a very dirty game and bet the ranch on the financings.

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