ddls,
no way to get info on the WHO...Not the last, damage awards seem
to be rolling in for those who already received court ordered shares..below was posted today
Originally Posted by rocky301
Cranshire Capital Master Fund
02/15/2012 ENDORSED LETTER addressed to Judge Denise L. Cote from Scott Mendeloff and Daniel Brown dated 2/14/2012 re: The parties write to inform the Court that they will be in a position to file a joint motion to approve the settlement agreement on 2/20/2012. The parties request that the Court cancel the conference scheduled for 2/16/2012. ENDORSEMENT: Granted. Motion is due 2/25/2012. (Motions due by 2/25/2012.) (Signed by Judge Denise L. Cote on 2/15/2012) (ab) (Entered: 02/15/2012)
I have read the document and it isn't a copy/paste so I will highlight what was said.
1) Settlement papers are being drafted
2) As part of settlement, ACT will issue shares of its common stock to Cranshire
3) Parties request court schedule fairness hearing on terms of settlement, approve issuance of securities under exemption of registration.
4) parties expect to file joint motion to approve settlement agreement around Feb 20.
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