Posted On: 06/18/2014 3:25:29 AM
Post# of 30066
Waiting to see if this becomes fruition. Know need to draw LPC money if this happens, would show a great stratagy and would give Kudo's to AMBS CEO.
The Company has entered into agreements with certain existing shareholders to exercise warrants (the “Old Warrants”) to purchase 50,000,000 shares of the Company’s common stock. In exchange for exercising the Old Warrants, the shareholders will receive warrants to purchase three shares of common stock of the Company (the “New Warrants”) for every four Old Warrants exercised. The New Warrants are exercisable at a price of $0.12 for a term of five years and are callable by the Company in the event the Company’s common stock trades at or above $0.18/share (or split-adjusted equivalent thereof) at the time the Company is listed on a national exchange or for a period of 20 consecutive trading days, subject to customary conditions. The New Warrants will provide to the holders piggy-back registration rights.
The Company has entered into agreements with certain existing shareholders to exercise warrants (the “Old Warrants”) to purchase 50,000,000 shares of the Company’s common stock. In exchange for exercising the Old Warrants, the shareholders will receive warrants to purchase three shares of common stock of the Company (the “New Warrants”) for every four Old Warrants exercised. The New Warrants are exercisable at a price of $0.12 for a term of five years and are callable by the Company in the event the Company’s common stock trades at or above $0.18/share (or split-adjusted equivalent thereof) at the time the Company is listed on a national exchange or for a period of 20 consecutive trading days, subject to customary conditions. The New Warrants will provide to the holders piggy-back registration rights.
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