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Post# of 92948
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rocky301

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rocky301

Re: sports guy post# 49776

Friday, 01/25/2013 7:21:17 PM

Friday, January 25, 2013 7:21:17 PM

Post# of 92948
well, todays 8K simply states that 80,357,143 shares of ACT common stock was issued to CAMOFI/CAMHZN per the settlement agreement. These are unregistered shares that are exempt and approved under Section 3(a)(10). These are freely tradeable shares.

The share issuance was part 1 of 3. ACT will need to issue
$2MM in cash yet and register a $6MM 8% convertible debenture
via a registration statement that is forthcoming.
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