Replies to post #44536 on Ocata Therapeutics Inc fka OCAT

[sports guy]

Ok so last one here turn out the lights

[louisa]

Rocky,

Took some time to digest and distill all revealed in the SEC docs link, needless to say, the entire history of these events is quite an eye opener. SMH.

Thank you.

As always, all good things to you and yours.

Louisa

[fordwill1953]

The cost of this litigation will be significant. ACTC will try to cap the damage to disengorging the $3.5 million illegally gained and to cap the penalty to $1 million or less. At the end of the day, I'm GUESSING that we are looking into

a. a $5 million buck hit,
b. Shareholder lawsuits against the current CEO/former CFO for failing to divulge, and
c. a very difficult black eye for ACTC in future financings.

While some may suggest that ACTC is an innocent bystander to the number of crimes by the brokers, the former CEO played a very dirty game and bet the ranch on the financings.