ACTC: Advanced Cell Technology Proposed Reverse Stock Split Will Advance the Company Tremendously


Advanced Cell Technology (OTCBB: ACTC.OB), one of the most watched and traded stem cell stocks, announced yesterday that the company has filed with the Securities and Exchange Commission a proxy statement which contains a shareholder proposal for the company to conduct a reverse split of its common stock.

The stem cell company’s annual meeting of shareholders is scheduled to be held on Thursday, April 26, at the Hyatt Regency Suites, Palm Springs, 285 N. Palm Canyon Dr., Palm Springs, Calif., 92262, at 9 a.m. PDT. The meeting will allow shareholders to consider the election of five directors, as well as ratifying the company’s public accounting firm appointment.

The most important part of the meeting will be when shareholders vote on the proposal to make effective a reverse stock split of Advanced Cell Technology’s common stock. The ratio of the reverse split could be either a ratio of 1:20, 1:40 or as high as 1:80 to reduce enormous number of authorized shares of the stem cell company’s common stock.

Investors are slightly optimistic that the reverse stock split, which should better align the stem cell stock’s capital structure, will be a significant step toward establishing long-term shareholder value and building the company into a global player in the stem cell industry.

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