This caught my eye just now: (v) Concurrent wit
Post# of 30028
Quote:
(v) Concurrent with the First Closing, Mr. Gregg Linn shall have resigned as the Company’s Chief
Executive Officer and director, and entered into a customary separation agreement that is satisfactory to Buyer, and
shall have agreed to deliver, and relinquish and/or transfer power over, all corporate records, documents and other
corporate information, including bank accounts, to the newly appointed Board of Directors.
(vi) Concurrent with the First Closing, Mr. Joseph Roth and Mr. Randall Letcavage shall have resigned
from the Company’s Board of Directors and as officers of the Company and shall have executed a release of the
Company in a form that shall be acceptable to Buyer.
(vii) John Hartwell and Corinne Ramos shall have agreed to dismiss the lawsuit against the Company and
Gregg Linn.
(viii) Intentionally Omitted.
(xi) Amarantus BioScience Holdings, Inc. (“Amarantus”) shall have entered into a revised contingent
settlement agreement with certain investors in a form acceptable to Buyer to allow for Amarantus’ collateral
release.
(xii) There shall be a settlement of the following convertible notes currently in default:
a. $605k Infusion
b. $225k Coastal
c. $40k Cottone/Brewer
d. $25k Rick Randle
(xiii) There shall be a settlement, on terms acceptable to Buyer, of $750,000 in Amarantus’ contingent
Accounts Payable assumption from its merger agreement with the Company.
(xiii) The Company shall have entered into lock-up agreements related to the following, on terms
acceptable to Buyer:
a. International Infusion and its affiliates.
b. Company shareholders 30M+ shares.
c. The issuance and lock-up of consulting shares previously approved by the Board of Directors.
(xiv) The following legal matters shall have been resolved to the satisfaction of Buyer:
a. The EGS lawsuit.
b. The Memory Dx lawsuit (which shall require a revised settlement because of the Company has
not engaged in a merger)
I read the above as that someone wants to takeover Avant? at least that how it looks like to me. Could be that i'm taking things out of context too, so do your own DD because reading SEC filings (let alone understanding) is not my expertise.