Posted On: 10/08/2016 6:30:54 PM
Post# of 30070
Another possibility suddenly dawned on me- they may be doing a merger with the partner. I checked reverse splits/mergers and came up with a couple right away:
http://www.streetinsider.com/Corporate+News/S...54700.html
https://www.duke-energy.com/investors/individ...uments.asp
Reverse splits are definitely not uncommon in mergers and this is the one scenario that makes the most sense to me. Fred kept reiterating on 2 calls I made to him that everything would be done at once- an uplist, a reverse split and funding. How in the world would AMBS do an uplist? - they cant even file a 10-Q. A merger with a Nasdaq company would accomplish this - it would explain a lot of things. As far as AMBS shareholders, our upside might be greatly reduced, but it could save the company.
http://www.streetinsider.com/Corporate+News/S...54700.html
https://www.duke-energy.com/investors/individ...uments.asp
Reverse splits are definitely not uncommon in mergers and this is the one scenario that makes the most sense to me. Fred kept reiterating on 2 calls I made to him that everything would be done at once- an uplist, a reverse split and funding. How in the world would AMBS do an uplist? - they cant even file a 10-Q. A merger with a Nasdaq company would accomplish this - it would explain a lot of things. As far as AMBS shareholders, our upside might be greatly reduced, but it could save the company.
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