Ocata Therapeutics Inc fka OCAT

[GTRman]

A quick look at Michael Rays latest article on Seeking Alpha...

Under this agreement, ACTC has the right over a period of three years to sell up to an additional $34.2 million of its common stock to Lincoln Park Capital. The proceeds from this transaction will be used to fund the company's clinical activities, including its three ongoing Phase I/II clinical trials for forms of macular degeneration, for development of its other clinical activities, and for general corporate purposes. The $35 million available under the agreement equates to more than two years of funding for ACTC. Under the terms of the agreement, there are no upper limits to the price that Lincoln Park Capital may pay to purchase the company's common stock. Also this transaction in no way impedes or changes ACTS's goal of completing a reverse split in order to uplisting on the NASADQ in the near future. Finally, Lincoln Park Capital has covenanted not to cause or engage in any manner whatsoever, any direct or indirect short selling or hedging of the company's shares of common stock.

might provide a different perspective on this...

However, if there's a lack of funding in 2013 that possibility could creep back into the picture, especially if we're still waiting on positive results by then.

IMO