That is correct, this is a SEDA (Standby Equity Distribution Agreement). AMBS has 76.5m shares to sell to LPC at any given price, except below .04 per the Purchase Agreement.

Simple math : $20 million / 76.5 million shares = .2614 cents avg

Quote:

---

Thereafter, we may, from time to time and at our sole discretion, direct Lincoln Park to purchase up to 1,000,000 shares of our common stock on any business day, which amount may be increased to up to 2,500,000 shares, provided the closing price of our common stock exceeds certain thresholds set forth in the Purchase Agreement, with a maximum limit of up to $500,000 worth of our common stock on any single business day. Additionally, we may direct Lincoln Park to purchase an additional “accelerated amount” under certain circumstances set forth in the Purchase Agreement. Except as described in this prospectus, there are no trading volume requirements or restrictions under the Purchase Agreement, and we will control the timing and amount of any sales of our common stock to Lincoln Park. The purchase price of the shares that may be sold to Lincoln Park pursuant to the Purchase Agreement will be based on the market price of our common stock immediately preceding the time of sale as computed pursuant to the Purchase Agreement without any fixed discount; provided that in no event will such shares be sold to Lincoln Park when our closing sale price is less than $0.04 per share, subject to adjustment as provided in the Purchase Agreement

---