In the event that creditors and certain other part

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In the event that creditors and certain other parties decline to participate in the planned restructuring of liabilities to be developed by Amarantus' management under the supervision of the Board, and to execute such releases as may be required in connection with such restructuring, SeD Biomedical reserves the right to terminate the LOI. "

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I recall reading this but i read it as boilerplate language but i can see you how this can also be interpreted as a threath now.
Thanks for pointing this out to me.

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You don't know this for certain. The preferreds made the release of their liens contingent on a number of things. One was that SeD inject an asset into AMBS. They also required that AMBS hire (and pay for) a valuation firm to value the asset or assets that SeD puts in. The minimum acceptable value was $12.5M. But we have seen no evidence that they have hired a valuation firm or have any money to pay them.

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I had to do some digging on where i read about the $12.5m figure but i found the part i was referring to:

Its in the 8K on 3/28/17.

http://ir.amarantus.com/all-sec-filings/conte...002902.pdf

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The strategies for the AMBS, AVDX and Cutanogen will only be implemented upon the signing of the LOI and the
cooperative support of the secured debt holders. Funding would be pursued immediately following the signing of the LOI.
Successful funding for any of the two entities at the following levels would trigger the unconditional release of all assets of
AMBS by the debt holders: $2.5 million for Cutanogen, $1.5 million for AVDX, or $1.5 million for AMBS, accompanied
by an asset injected by SED Biomedical into AMBS that is valued by a nationally recognized firm at a minimum of $12.5
million.

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I read that part the way i implied it to you in my other message.
So what your saying is that i misread that and they still need to valuate?
I understood it as they already have one asset valued at $12.5m.

If i misread it, then i stand corrected

Thanks for your help!