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Posted On: 11/29/2021 8:51:41 PM
Post# of 30067
Amarantus receives Emerald preferred stock valued at a minimum of $66.6 million
...The Preferred is convertible into 33,333,333 shares of Emerald common stock in April 2022. Prior to April 2022, Amarantus may convert the Preferred stock to common stock in Emerald upon the common stock trading above $5 on average volume of 1,000,000 shares traded for a period of 20 days. Gerald Commissiong, Amarantus’
https://www.globenewswire.com/en/news-release...ducts.html
Going to be interesting come April as Amarantus has regained control of all of their assets and still believes AMBS is owed those shares because EMOR dropped the ball on the contract not Amarantus.
...The Preferred is convertible into 33,333,333 shares of Emerald common stock in April 2022. Prior to April 2022, Amarantus may convert the Preferred stock to common stock in Emerald upon the common stock trading above $5 on average volume of 1,000,000 shares traded for a period of 20 days. Gerald Commissiong, Amarantus’
https://www.globenewswire.com/en/news-release...ducts.html
Going to be interesting come April as Amarantus has regained control of all of their assets and still believes AMBS is owed those shares because EMOR dropped the ball on the contract not Amarantus.
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