Monday, September 19, 2016 12:48:12 PM
meaning whoever in hell is left 'or' remaining in charge of this "utter abomination called AMBS "
supposedly Gerlad & Corporate are seeking to attempt yet another up-listing predicated on 2 milestones:
1.) massive RS on 10/11 which could be = 1:300
2.) ESS JV
No. 1: is easy, as its already done - fact !!!
No. 2: is the hard part, as who in hell would bring money to the table when AMBS is in 'Default' and they're in bed with one of the most notorious death spiral hedgies in the country
AMBS needs to provide written assurances and a well funded multi-million $$$ escrow account with them when they sit down at the negotiating table, coupled with a litany of finance & SEC attorneys as well as very expensive CPA's
apparently the USDOD AFIRM reeled back their $17.5-Mil. when they realized AMBS could declare BK at any time and on a whim
the FED doesn't 'grant' money to insolvent parties - fact !!!
Gerald boy pontificating that ESS was too important to have the FED allow it to drop through the cracks was more unadulterated lies and shareholder manipulation to keep peeps buying in
the reality is AMBS is 'highly' insolvent and has a horrendous reputation in both the bio-pharma community, as well as on the Street
sad but true....
AJMHO
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