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  4. Amarantus Bioscience Holdings (AMBS) Message Board

The point of doing the merger is to have Elto Phar

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Post# of 30067
(Total Views: 441)
Posted On: 11/05/2018 1:15:52 PM
Posted By: investorxc
Re: freegriff #27283
The point of doing the merger is to have Elto Pharma be traded on a national exchange as a way to raise funds for the trial. If they do a merger and there is no IPO, then there is no benefit to doing the merger. So the IPO is part of the merger process- that is why we are doing the merger- to do the IPO with another company. The $6 million is coming from the IPO, not from the merger. The date to do the IPO and raise the $6 million is by April 23rd.


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