Avant Diagnostics Inc fka AVDX

[MikeCr]

What is this going to do to the AVDX pps when AMBS old debt holders sell 80 million shares in the open market?

As part of the agreement, Amarantus has agreed to deliver to the Old Debt holders the shares of common stock the Company currently owns in Avant Diagnostics, Inc. Any proceeds derived from the sale of the AVDX shares delivered to the Old Debt Holders will be credited against those balances owed by the Company. The AVDX shares to be held by the Old Debt holders will be held via a Special Purpose Vehicle (AVDX SPV) to facilitate the orderly liquidation / monitoring of the securities. Such AVDX SPV will be structured similarly to the AMBS SPV.

AMBS owns approximately 80 million shares of Avant Diagnostics, Inc. via the sale of its wholly-owned subsidiary Amarantus Diagnostics, Inc. that occurred in May 2016.

https://www.prnewswire.com/news-releases/amarantus-enters-into-forbearance-and-capital-restructuring-agreements-with-holders-of-secured-debt-convertible-preferred-stock-and-warrants-658204393.html