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Amarantus Bioscience Holdi AMBS
(Total Views: 553)
Posted On: 03/30/2018 3:56:00 PM
Post# of 30082
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Posted By: redspeed
Re: investorxc #26421
I've been tricked again by GC!

Looks like this part hasn't changed since last year.

Quote:
The conversion price of the New Preferred will be the average price of the Company common stock for the immediately preceding twelve trading days, subject to an increase cap of 250% of the uplist price.



This part is now more more money than before. The minimum before was $3M vs. $5M.

Quote:
Upon closing and settlement of capital equal to or greater than $5 million in Amarantus, there will be a release by holders of the New Secured Debt of all security interests in the Company's assets, and holders of New Debt will convert into a newly designated class of preferred stock (the "New Preferred Stock" (with such conversion being subject to the reduction of Company accounts payable balance to less than $2M with no single account payable exceeding $100,000), thereby improving the Company's equity balance sheet in preparation for the listing of the Company's common stock on a national exchange.














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