Thursday, October 27, 2016 7:24:42 AM
http://ih.advfn.com/p.php?pid=nmona&article=72615609
COB Friday, October 28th, 12:00 PM midnight brings us to the doorstep of the infamous October 29th Lonza/MSA deadline. That's this Saturday folks !!!
With Josh Sason not investing 1 US Cent out of his 'tight fisted pockets' into AMBS's dream team 'glory hole' candidate ESS, and the targeted outside JV Partner being too preoccupied with taking care of 'other things' as described on 10/27 by Fred Somer IR below, the Lonza MSA could be the quintessential deal-breaker that sends AMBS into BK.
If this happens, Magna will be 1st creditor in line to collect, while retail shareholders receive nothing but mere pennies after Magna has the 'lions share' of AMBS assets, after being auctioned off as settlement on their defaulted loans.
By the way, the FED isn't going to give a defaulted OTCBB 'any money' whatsoever while being in Default and severely delinquent on their SEC filings - it simply ain't going to happen. The FED want assurances against their grant initiatives - they want collateral - and AMBS has nothing to show for itself.
sad but true....
AJMHO
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