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  4. Amarantus Bioscience Holdings (AMBS) Message Board

I'm 1000% certain people will whine no matter what

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Post# of 30066
(Total Views: 289)
Posted On: 01/05/2018 11:01:29 AM
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Posted By: redspeed
Re: freegriff #25899
I'm 1000% certain people will whine no matter what happens before, on or after Jan. 10th. Some of the people here admit they don't even read the press release so likely don't even know what the company is doing.

When doing a deal there are at least two sides. In this case, multiple sides. No one party can control the actions of the other. The two PRs said this is what they are working on and the dates they have to get it done. The PR didn't say "bet the farm, because it's 1000% certain every party will be on time and not change their mind."

Amarantus Provides Comprehensive Corporate Update
DECEMBER 01, 2017
Quote:
The Company is required to achieve certain restructuring milestones by January 10, 2018 to complete the exchange of the Legacy Convertible Securities into new securities with more favorable terms (the "Tender Exchange" in order to extend the moratorium.


https://www.amarantus.com/news/press-releases...ate-update


Amarantus Enters Into Forbearance and Capital Restructuring Agreements With Holders of Secured Debt, Convertible Preferred Stock and Warrants
NOVEMBER 17, 2017
Quote:
Under the terms of the Binding LOIs, the Company has until close of business on January 10th, 2018 to complete a Tender Exchange with the holders of Senior Secured Convertible Debt


Quote:
In the event the Tender Exchange occurs by January 10, 2018 , the New Secured Debt and the New Unsecured Debt that will be convertible into common shares of the corporation


https://www.amarantus.com/news/press-releases...tructuring


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