Pretty underwhelming market reaction today. I wen
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Posted On: 02/27/2018 5:53:25 PM
Pretty underwhelming market reaction today. I went back and looked at when we got the SeD LOI announcement a year ago to the day, Feb 27, 2017. The stock did nothing for several days and didn't hit its high for that time until 10 day later on March 10th, so maybe we will see a similar delayed response here too.
Today's news is a HUGE turning point and not sure people realize it yet. It is the removal of the death spiral toxic financing- they have settled. There is a lot more that has to happen, but this HAD to be the first step and is the MOST important step for the company to turn around. The Company has not been able to do any kind of JV partnership or raise any money with the toxics hanging on them these past 2-1/2 years- they have been dead in the water. This changes everything. I see the following upcoming catalysts in the near future:
Completion of the Tender Exchange - by March 17th
Completion of the requisition of the Diagnostics assets from Avant- they are getting back all of the diagnostics that Gerald basically gave away 2 years ago- again a HUGE step forward. This will probably be completed very soon- pretty simple deal because the only principles to the deal are Gerald and Scott Vandermeer. They are giving Avant a million shares, but they get 30 million shares of Avant in return, so basically they are getting the assets for free- it is like a "do-over" for Amarantus.
Settlement of the Greentree Suit- The Plaintiff keeps extending the Case management date, which they don't have to do, so I know they are in discussions with them and I expect they will work out a payment plan.
Today's news is a HUGE turning point and not sure people realize it yet. It is the removal of the death spiral toxic financing- they have settled. There is a lot more that has to happen, but this HAD to be the first step and is the MOST important step for the company to turn around. The Company has not been able to do any kind of JV partnership or raise any money with the toxics hanging on them these past 2-1/2 years- they have been dead in the water. This changes everything. I see the following upcoming catalysts in the near future:
Completion of the Tender Exchange - by March 17th
Completion of the requisition of the Diagnostics assets from Avant- they are getting back all of the diagnostics that Gerald basically gave away 2 years ago- again a HUGE step forward. This will probably be completed very soon- pretty simple deal because the only principles to the deal are Gerald and Scott Vandermeer. They are giving Avant a million shares, but they get 30 million shares of Avant in return, so basically they are getting the assets for free- it is like a "do-over" for Amarantus.
Settlement of the Greentree Suit- The Plaintiff keeps extending the Case management date, which they don't have to do, so I know they are in discussions with them and I expect they will work out a payment plan.
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