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Posted On: 10/25/2018 10:06:45 AM
Post# of 30035
I think the deal fell apart when a director changed his mind to support the financing arrangement towards the JV. Without his support, they can't finalize the agreement. The pr was put out by AMBS and was done very quickly which explains some of the mistakes. American Capital Ventures, Inc. is no longer the PR firm for AMBS.
"The Company further announced that following the submission of the Company’s Report on Form 6-K that was furnished to the Securities and Exchange Commission on October 18, 2018, Mr. Roger Challen, a non-employee director, withdrew his undertaking to vote in favor of the financing transaction included on the agenda of the shareholders’ meeting and that the matter is currently being discussed between the Company and Mr. Challen."
https://www.sec.gov/Archives/edgar/data/10255...ex99-1.htm
"The Company further announced that following the submission of the Company’s Report on Form 6-K that was furnished to the Securities and Exchange Commission on October 18, 2018, Mr. Roger Challen, a non-employee director, withdrew his undertaking to vote in favor of the financing transaction included on the agenda of the shareholders’ meeting and that the matter is currently being discussed between the Company and Mr. Challen."
https://www.sec.gov/Archives/edgar/data/10255...ex99-1.htm
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