If shareholders decide to vote no on the A/S increase or abstain from voting, they not only be hurting the company but killing their own investment out of spite. Amarantus faces huge penalties (per day) if unable to do this increase.

Quote:

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From the proxy ~

Pursuant to that certain Securities Purchase Agreement dated September 30, 2015 in connection with the sale of the Company’s 12% Series H Preferred Stock and that certain Exchange Agreement dated September 30, 2015 in connection with the issuance of the Company’s 12% Senior Secured Convertible Promissory Notes (the “Financing Transactions”), the Company agreed to hold a special stockholder’s meeting by mid- December 2015 and use its best efforts to increase its authorized common stock to 150,000,000. In the event, the Company fails to obtain such approval, the Company will be obligated to pay financial penalties of 1% of the aggregate principal amount of the Notes, and the stated value of the Company’s Series E and Series H Preferred Stock of the investors in the Financing Transactions. The increase in the authorized common stock would allow the Company to have sufficient shares available to reserve for issuance upon conversion of the Series H Preferred Stock and the Convertible Promissory Notes.

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