Amarantus Bioscience Holdings Inc (AMBS)

[Skier1231]

Gemini Hedge Fund owned 10% of the Company as of December. As we know Steven Winters used to work for Bernie Madoff so I don't think he would have invested that much if he didn't have an exit strategy- He obviously knew who Magna was and what he was getting into. He may have just been willing to take a gamble and write it off if the stock goes to zero. But I think it would be pretty easy for them or any hedge fund to buy up a lot of shares at these levels knowing they were going to do a financing later and take out the toxics. They could buy another 5 million shares at .20 for just a million dollars. It almost seems too easy. I'm sure GC approached Gemini or they approached GC since they owned 10% of the company already about providing financing. If Gemini hasn't sold yet, they are now at risk of losing their entire investment. Why not buy up half the company, do the financing and sell their shares later- they could make $10-20 million on the shares and some more on the financing. I don't know if this legal- maybe someone on the board does? I'm sure they could work in tandem with another fund to do this if is illegal. This company is in a very unique position right now because it is worth 50 million easy but the stock has tanked purely because of some bad financing. If you were going to do a financing, and you could make a fortune on the stock, why wouldn't you? One thing seems pretty clear this week, there has been 6.5 million shares traded in 4 days, but basically all at .20 Seems like someone is basically buying everything there is at.2 and it's definitely not retail. I thought for sure with this dumping we would be at the restricted bottom of .16.