This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Advanced Cell Technology’s Shares to Trade Today on Over-the-Counter Bulletin Board 2009-10-06 07:40 ET - News Release WORCESTER, Mass. -- (Business Wire)
Advanced Cell Technology, Inc. (Advanced Cell, ACT) (OTCBB: ACTC)
announced today that effective immediately the Company's shares will be
traded on the Over-the-Counter Bulletin Board under its previous ticker
symbol ACTC. The Company is now fully reporting and up-to-date with all
of its filing requirements. The Company’s stock had previously traded on
the Pink Sheets.
“I am gratified that the Company was able to achieve another significant
milestone for its shareholders,” said William M. Caldwell IV, Advanced
Cell’s Chairman and CEO. “Trading on the OTCBB should allow for
increased transparency and facilitate the trading of our stock with a
broader group of investors. In the last 12 months, Advanced Cell has
completed a dramatic turnaround, made even more impressive by the
obstacles it has had to overcome. We were able to cure a default with
our Indenture holders, working out an equitable settlement for all of
our constituencies; we raised capital through a series of licensing
agreements and a private placement, allowing us to continue development
activities which we expect will culminate in an IND filing this year for
our RPE program; and, we have been able to retain key members of our
scientific and management team, despite the adversity we have faced. We
strongly believe in the potential for our science, and look forward to
aggressively developing our clinical programs in the coming months.”
The remainder is available to Stockwatch subscribers. If you would like to give the Stockwatch system a try,
click here for a free 30 day trial subscription. |