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  • Company Making Millions on Fake Embryonic Stem Cell Research Announcement

    08/27/2006 11:51:04 AM PDT · by wagglebee · 14 replies · 668+ views
    Life News ^ | 8/27/06 | Steven Ertelt
    Alameda, CA (LifeNews.com) -- Just two days after it claimed to have come up with a new technique for obtaining embryonic stem cells that doesn't involve the destruction of human life, California-based Advanced Cell Technology says investors have given it commitments to raise millions of dollars in new funds. The company had plans to try to raise $11.3 million in private placements but it said that most holders of debentures and warrants to purchase its stock agreed to exercise their options to buy more. That will provide ACT with $8.5 million, according to a San Francisco Business Times news report...