Replies to post #65453 on Ocata Therapeutics Inc fka OCAT

[Cisco_Tajuara]

I really don't know how the bankruptcy talk came into place, and I am not a bankruptcy expert by any means, but I would have to assume that if ACTC files for bankruptcy things are not going to be peachy for them. I don't think they will just file, screw shareholders, and move on into a new shell like nothing actually happen. The company has come too far just to throw everything overboard. Most likely they will risk IP if things go really south, and all the time and effort will be wasted. Anyway, this is my opinion too, if they can file BK and still able to retain everything, then, yeah, we maybe screw.

[Fern Wood]

"Default" ????

From PAL of Icell:

"This information was also in the 10-K p.F-41,
From the period January 1, 2014 through March 17, 2014, the Company received conversion notices for a total of approximately $2,400,000. The Company issued 43,373,609 shares of its common stock for these conversion notices. As a result the outstanding amount of the Camofi Senior Secured Convertible Debentures has been reduced to approximately $1,200,000.


This indicates that CAM has already converted, and been issued, the equivalent of all of this year's scheduled quarterly payments, leaving only 03/31/15 and 06/30/15 payments remaining...$1.2M.

Bottom line, and for final clarification for anyone how reads this...ACT did not miss a payment, and they have issued, according to this recent 10-K all shares associated with the 6 conversion notices they have received from CAM since settlement."