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Friday, April 18, 2014 11:26:29 AM
Its understood, AMBS is an OTCBB bio-tech start-up. It also has the attention of some of the biggest Pharma names in the industry. Most recently, we garnered a $20-Mil. financial endorsement and shareholder friendly SEDA from one of the most respected financiers in the bio-finance arena. You can't get any better of a partner than LPC with the T&C's they afforded us. Subsequently, AMBS can not afford to subject this relationship to questionable timely or accurate SEC filings.
While this make have been an unfortunate mis-step in our accounting procedures and regulatory filing controls, lets also see this as an end to poor and untimely SEC reporting. Lets get this filing behind us quickly - even if it means having to amend former 10-Q's to set the record straight. That said, I have every confidence in Marcum LLP and Robert Farrell, JD going forward. I hope to and expect to have an update later on today.
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