Amarantus Bioscience Holdings Inc (AMBS)

[barcode27]

That's not what it says. It modifies the original Certificate of Designation from the Series D preferred shares (1250 of which were issued to Dominion Capital on 8/19/13 at a value of $1000 per share). The 8-K completely removes section 10 (triggering events which would allow Dominion to cash in their shares) and also modifies section 5 such that preferred shareholders receive payout from their shares only if all other preferred shareholders are liquidated simultaneously.

I've been thinking about this all yesterday evening and today. The only two purposes I can come with are:

1. Sets up a barrier to provide better protection of the company's cash resources if Dominion (and maybe other) preferred shareholders are prevented from easily redeeming their shares for cash on a moment's notice.

2. Could be the beginning of positioning the company for a buyout. This maneuver smells a bit like a "poison pill" setup where it would be fairly difficult for any potential acquiring company to gradually take control through stock purchases. It's now an "all or none" game.