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rocky301

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rocky301

Re: lasers post# 51211

Tuesday, 03/05/2013 10:22:24 AM

Tuesday, March 05, 2013 10:22:24 AM

Post# of 92948
lasers,

"and we're now working on finalizing a settlement with the SEC"

as far as when? I don't know, the above statement by Rabin was made
22 days ago.

As far as what the settlement will be? Really don't know. ACT has already expensed the $3.5MM

"The Company expensed the $3.5 million as “fines and penalties” in the consolidated statement of operations and recorded the $3.5 million liability to “loss contingency accrual” in the consolidated balance sheet."

What the total amount actually ends up being is anyones guess...
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