Advanced Cell Technology "Caveat Emptor" on Pinksheets

buyerbewareMarch 23, 2009 - Advanced Cell Technology, Inc. (ACTC) was labeled "Caveat Emptor" (Buyer Beware) on pinksheets.com.

"Buyer Beware. There is a public interest concern associated with the company, which may include a spam campaign, questionable stock promotion, known investigation of fraudulent activity committed by the company or insiders, regulatory suspensions, or disruptive corporate actions. During the time it is labeled Caveat Emptor, any stock that is not in the Current Information category will also have its quotes blocked on pinksheets.com."

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ACTC#getFilings


Pink OTC Markets has discontinued the display of quotes on pinksheets.com for this security because it has been labeled Caveat Emptor (Buyer Beware) and because adequate current information has not been made available by the issuer of the securities. It has been labeled Caveat Emptor for one of the following reasons:

  • Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
  • Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
  • Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
  • Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
  • Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
  • Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
  • Other Public Interest Concern — There is, in Pink OTC Markets' view, a public interest concern.
An e-mail sent to Pink Sheets regarding this issue returned the following response:

The specific reason would be as below:

Questionable Promotion - The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
Please do not hesitate to contact me with any further questions you may have.

Best regards,

Khushboo Shrestha

Issuer Services

Pink OTC Markets Inc.
304 Hudson Street, 2nd Floor
New York, NY 10013
issuers@pinkotc.com
212-896-4420 W
212-896-5920 F

On a positive note, Advanced Cell Technology, Inc. (ACTC) was up 32% on Monday, March 23, 2009.

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