"and we're now working on finalizing a settlement with the SEC"
as far as when? I don't know, the above statement by Rabin was made 22 days ago.
As far as what the settlement will be? Really don't know. ACT has already expensed the $3.5MM
"The Company expensed the $3.5 million as “fines and penalties” in the consolidated statement of operations and recorded the $3.5 million liability to “loss contingency accrual” in the consolidated balance sheet."
What the total amount actually ends up being is anyones guess...