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rocky301

01/25/13 7:21 PM

#49778 RE: sports guy #49776

well, todays 8K simply states that 80,357,143 shares of ACT common stock was issued to CAMOFI/CAMHZN per the settlement agreement. These are unregistered shares that are exempt and approved under Section 3(a)(10). These are freely tradeable shares.

The share issuance was part 1 of 3. ACT will need to issue
$2MM in cash yet and register a $6MM 8% convertible debenture
via a registration statement that is forthcoming.