Quote:

---

Then they all resigned from the board.

---

Not everyone left, one of the directors that resigned, still remained as the CFO.
And one of the other 4 directors that they placed is still on board too. only 3 resigned from what i recall from memory.

I think those directors we're hired to restructure Amarantus (perhaps the subsidiaries of Elto and MANF? among other things.) and now there jobs are done and they move on, except for the CFO and one other director.

I think if the CFO would have resigned completely from the company then i would have felt uneasy about it but that is not the case.

I think that they will hire other more qualified directors to the board for the next phases of the company.

Quote:

---

And they threatened to terminate the LOI. That was over 2 months ago.

---

This is new to me, where did you read this? can you quote that part? perhaps i overlooked something, thanks.

Quote:

---

The deal struck in the LOIs with the preferred shareholders and debt holders required funds in the form of the SeD bridge loan to allow for completion of a valuation of both the SeD assets and any investments into AMBS or AVDX. That takes money. Money that was to come in form of the SeD bridge that never appeared.

---

I recall they did do a valutation on one asset which is worth a minimum of $12.5 million. I'm not sure where i read it but i know this for certain.

I expect some kind of news, either funding news or update (maybe they extend who knows) around the 25th of june or perhaps a week later.

The 25th of june date can't just pass and we hear nothing for months, thats just not done in my book. I'm sure we'll hear something soon.