The price of Advanced Cell Technology, Inc. (OTC:ACTC) has been falling the last four sessions and yesterday it lost another 12.12%, closing at $0.145, this way almost eliminating the previous gain, as the volume is staying high above the average.
This drop started after ACTC filed some post effective amendments on Dec. 21. They related to the public offering of up to 165 million shares of common stock of ACTC by the selling shareholders. The following sell off and associated dilution is probably…