Replies to post #49788 on Ocata Therapeutics Inc fka OCAT

[rocky301]

don yan,



1) Can Camofi demand that the debentures be converted into stock options. If yes, then this could lead to more dilution.

Not "stock options", they can convert to shares of ACT common stock. Dilution? absolutely.

What does Conversion Price mean?

one states 80% of VWAP the other uses "average"..

b)Conversion Price. The conversion price in effect on any Conversion Date shall be equal to 80% of the VWAP of the 10 consecutive Trading Days prior to the Conversion Date (subject to adjustment herein) (the “Conversion Price”).

OR
(ii) 80% of the average of the 10 closing prices immediately prior to the date the quarterly payment is due.