Replies to post #36832 on Ocata Therapeutics Inc fka OCAT

[Spetty772002]

Thanks Rocky, great info, that explains it perfectly.

So the additional 50 million shares aren't actually being issued as part of the "global settlement" itself, but rather a settlement that ACT made with Midsummer prior to and outside of the "global settlement" being reached, however, the ~50 million shares will need to be issued to Midsummer within 10 days after the AS increase is approved if I'm reading it correctly. That makes sense, thanks for clarifying. I hope they at least wait the full 10 days they are allowed to issue the shares to Midsummer to allow the market to digest any shares that are sold immediately upon issuance to the firms receiving the "global settlement" shares so if there is a lot of selling immediately, it may at least temporarily relieve some of the pressure on the stock.

Thanks Rocky for all of the effort you put in both here and on iCell, it's much appreciated.