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Posted On: 01/09/2018 11:44:20 AM
Post# of 30035
Disappointing news, but not surprising. In the Corp update on Dec.1st, they said:
" Over the next several months, the Company intends to raise sufficient capital (approximately $1.5 million) to complete the Tender Exchange and prepare its audited financial statements for fiscal years 2016 and 2017 so that Amarantus can be prepared to again become a 'Fully Reporting' company under the '34 Act in conjunction with the Uplist."
So I didn't really expect them to meet the Jan 10th date. Maybe they are trying to get the filings current before an investor will lend them money, or at least at better terms? It looks like they already got at least a portion of the $500k.
" Over the next several months, the Company intends to raise sufficient capital (approximately $1.5 million) to complete the Tender Exchange and prepare its audited financial statements for fiscal years 2016 and 2017 so that Amarantus can be prepared to again become a 'Fully Reporting' company under the '34 Act in conjunction with the Uplist."
So I didn't really expect them to meet the Jan 10th date. Maybe they are trying to get the filings current before an investor will lend them money, or at least at better terms? It looks like they already got at least a portion of the $500k.
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