Amarantus Bioscience Holdings Inc (AMBS)

[JPetroInc]

yes - AMBS is in Default

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

"We understand financial engineering"

the Stanford Finance Grad

sad but true...