The creditor has a right to claim assets, including IP.. it's pretty clearly stated. BUT, you are correct, $1.2m should not bankrupt ACTC, and that's my point.. it's not a huge sum for ACTC relatively speaking, and if their restated financials are correct, they have the funds, so why did they default?? I just makes no sense.. unless they are considering Chapter 11 reorg of debts... then it makes sense.
News 
Market Data 
Discover 
