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Re: es1 post# 48005

Saturday, 12/08/2012 6:39:31 PM

Saturday, December 08, 2012 6:39:31 PM

Post# of 92948

other than the $40MM available as of Sept 30?????



I didn't say the $40Mm was Lincoln, I said funds available
as of Sept 30

As of September 30, 2012, we have approximately $8,254,014 in cash.
· As of September 30, 2012, approximately $1,580,000 is available to us upon the sale of our Series A-1 preferred stock for a maximum placement commitment of $5 million subject to compliance with the transactions agreement.
· As of September 30, 2012, $7,500,000 is available to us upon the sale of our Series C preferred stock for a maximum placement commitment of $25,000,000 subject to compliance with the transactions agreement.
· As of September 30, 2012, $34,200,000 is available to us through the Lincoln Park financing arrangement

I was not really clear with what I meant. Right now they have over 2B shares unless they want to increase the OS and cut the PPS down they will have to RS to have any shares to sell.



still makes no sense

And I meant are these shares included in the OS as reported on OTCmarkets.com as of Nov2?
that is where the 558M shares comes from. Apparently it could be 530M left in the OS?



OTC and everyone else get their numbers from ACT's 10Q's and 10K
so yes, the shares are included. They were issued Sept 19 so certainly included in Nov 2 numbers from ACT...



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