Thursday, January 19, 2017 2:48:03 PM
and their IP is collateralization against the bad loans they took from Delafield/Magna
Gerald knew 'full well' that he was 'betting the farm' when he took the money from Magna, but had no way to repay it back
Gerald's thought was he would get investment monies from large institutional investors that were "already lined up & waiting" to buy AMBS, once their NASDAQ uplisting occurred
he was either delusional, a serial liar, or a sly fox who got caught in his own trap
either way, he lost the farm AND took his loyal shareholders to their financial graves
nice guy, huh?
unless he can find someone to take out $16-Mil.+ in toxic paper, all the while, negotiating from weakness
and so, here we sit - no office, no staff, no IP, no revenue
just broken promises and missed deliverables
sad but true...
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