Curious that we haven't seen 13D filings from D&D
Post# of 30066
(Total Views: 364)
Posted On: 05/03/2017 8:41:33 PM
Curious that we haven't seen 13D filings from D&D or CHF.
They both held $500K notes that automatically converted into AMBS shares on April 18.
That's 40M shares total. So they each own at least 16% of the company. (CHF owns even more through notes and preferred shares.)
You have to file a 13D within 10 days of acquiring 5% or more of a public company.
Makes me wonder ...
They both held $500K notes that automatically converted into AMBS shares on April 18.
Quote:
The Notes will be converted on April 18, 2017 ( the “Conversion Date”) into the Company’s common stock in fully registered, unrestricted and fully tradeable form (the “Shares”) in the amount of a) US$500,000 (“Principal Amount"using the price per share of $0.025/share (the “Conversion Price”) to determine the number of shares to be delivered.
That's 40M shares total. So they each own at least 16% of the company. (CHF owns even more through notes and preferred shares.)
You have to file a 13D within 10 days of acquiring 5% or more of a public company.
Makes me wonder ...
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