For probably the first time ever, I have to concede you make a valid point for once DDLS. Having a default on record has just made any future prospective financing much less favorable for ACTC (and shareholders by proxy). Same applies for any prospective JV; this default is very damaging and will come back to bite ACTC in the future, and I imagine more than once.
Still NOTHING from ACTC management to shareholders to offer any explanation for this default, which to me translates to nothing short of intentional negligence.
I have yet to see anyone offer any concrete upside to this default action, nor any reasonable explanation for it. Most seem to just be ignoring it.
The fact the pps appears to be holding at around $0.58 further illustrates the disconnect between share value and reality with this company.
I am extremely nervous about these recent developments, and that Lanza is still not under contract, and this default gives up full rights over IP. So many red flags.... ACTC management should have stepped up immediately after this default.. this continued silence is not a good sign at all.
As the idiom goes, "The silence is deafening".
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