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ison929

01/02/12 5:41 PM

#36835 RE: rocky301 #36834

Thanks rocky & spetty... eom
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Spetty772002

01/02/12 5:47 PM

#36836 RE: rocky301 #36834

I hear what you're saying Rocky. I guess for the sake of 10 days it may not matter much one way or the other, but if there does end up being mass selling, as a shareholder, it would be nice to potentially get a reprieve from the selling for a few days, though I guess you're right that in the interest of fairness to the recipients of the shares they probably should issue them all at the same time. I believe the 8K ACT filed on 09/22 when this all started indicated a total potential liability of 428 million shares, excluding the Midsummer settlement (which also wasn't included as part of the 428 million ACT provided since the Midsummer deal had been completed previous to that filing). Assuming that the last party settles for the anticipated number of shares, it seems that ACT may get away issuing about 42-50 million (or roughly 10% less) shares than originally anticipated per the 8k filed on 09/22, assuming that my math of 428 million potential shares was correct.

39,514,859 (Alpha) + 8 million (convertible notes) + 380,000,000 (additional warrants) = ~428 million.

http://biz.yahoo.com/e/110922/actc.ob8-k.html