I don't understand why they wouldn't- that is what
Post# of 30066
Posted On: 06/08/2016 11:59:51 AM
Re: All Aboard #23510
I don't understand why they wouldn't- that is what I have been thinking also. Some people have posted that AMBS is in poor financial condition so they may not qualify, but that seems all the more reason they should receive the grant.
Someone pointed out that AMBS is technically in default on their notes at this point, but that's not because they haven't paid them. They don't have to pay any interest, because they convert the loan to shares - that is why the pps has tanked. They are in default because AMBS hasn't done the RS or AS increase yet or registered the shares. There has to be a reason why they didn't have the shareholders meeting. Everyone is so angry that GC agreed to do the RS and A/S increase by June 6th, then when he doesn't, they think he screwed it up. I think there is no question it was intentional that they didn't have the meeting- why wouldn't they have had it if they wanted to?
There must be something else in the works. If they get the grant, that would change everything since the stock price would soar and the toxics would convert at a much higher price, greatly limiting the dilution.
Someone pointed out that AMBS is technically in default on their notes at this point, but that's not because they haven't paid them. They don't have to pay any interest, because they convert the loan to shares - that is why the pps has tanked. They are in default because AMBS hasn't done the RS or AS increase yet or registered the shares. There has to be a reason why they didn't have the shareholders meeting. Everyone is so angry that GC agreed to do the RS and A/S increase by June 6th, then when he doesn't, they think he screwed it up. I think there is no question it was intentional that they didn't have the meeting- why wouldn't they have had it if they wanted to?
There must be something else in the works. If they get the grant, that would change everything since the stock price would soar and the toxics would convert at a much higher price, greatly limiting the dilution.
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