Quote:"They estimate they can run (deep) into 2016 with current funds "
it's all in interpretation - here's what the Blog actually has to say, as it not current cash that can sustain operations, but on warrant conversions, which can not be guaranteed to be exercised under conditrions set forth at time of adoption:
The Company may issue up to 45 million additional common shares upon the exercise of warrants that are priced at $0.12 (which the Company can force under certain equity conditions), and that could raise approximately $5.4 million to fund ongoing operations
The Company may issue up to 76 million additional shares under the Company’s equity funding facility with Lincoln Park Capital, under which the Company could raise a maximum of $19.6 million of additional capital to fund ongoing operations, subject to certain conditions
Between the warrants and the Lincoln Park Capital equity funding facility, the Company has approximately $25 million in additional funding available, which the Company believes would fund operations until at least deep into 2016, however there is no assurance that the warrants will be exercised or that we will be able to fully draw from the Lincoln Park facility.
Quote:"That leaves only positive outcomes for the use of the new shares that again we need to vote on.... "
no need to vote, this proposal will be passed by AMBS's BOD under current Nevada law - here is what the Blog actually has to say:
"Of note, the Company did not submit a reverse split resolution to a vote of the shareholders at our September 22nd, 2014 shareholder meeting. The reason for this is that under the laws of the State of Nevada, the Company’s Board of Directors can implement a proportional reverse split of the common shares without the need for a shareholder vote . It is absolutely critical for shareholders to understand what this means and why a reverse split of the authorized shares with an equal and proportional reverse split of the common shares outstanding will protect shareholders from the typical outcome seen in reverse splits."
http://www.thechairmansblog.com/amarantus-bio...s-strategy
it's all in the details mi amigo....
