Replies to post #37473 on Ocata Therapeutics Inc fka OCAT

[ddls]

I stand corrected. Most have had that mixed up with the minimum required. So, with 2 billion shares out they would have to , let's say start at $4.50. That would require a RS of 18 or 20/1 @ .25 cents.
I think you can forget them getting to that on their own without a RS.

[diannedawn]

Thanks for posting that, Rocky!

$ amount is NOT the only requirement...
even though that is the one people focus on!

There are also requirements for independent directors...
SOMETHING those scammy stem STORAGE company's CEO's like to ignore,
while they tell their shareholders that they are doing a 1 for 100 RS "to uplist"!!!!

LOLOLOLOL!!!you betcha!!!LOLOLOLOLOL!!!

"BOARD REQUIREMENTS
Independent Directors
Each company’s board of directors is required to have a majority of independent directors. [Rule 5605(b)(1)] Rule 5605(a)(2) describes certain relationships that preclude a person from being an independent director. In addition, the company’s board must make a determination that there is no other relationship that would interfere with the exercise of independent judgment in implementing the responsibilities of a director."

I believe ACTC already has this requirement covered?