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Sunday, April 20, 2014 10:15:52 AM
The investors that converted the warrants at .06 to 50M shares have a vested interest in keeping the share price above .06. The share price dropped the last three trading sessions on relatively low volume. Also we are overdue for positive news. There hasn't been a "tweet" from @AmarantusBio since April 9 which is very unusual.
However, if by chance the new C.F.O. and accounting firm uncovered irregularities that substantially impact the company's financial situation then all bets are off especially if the new trading symbol becomes AMBSE next week. If that were to occur then .04 could happen. Remember .04 is the bottom price that LPC is obligated to purchase shares from the company.
I tried calling the company last Thursday and Friday and no one answered. I e-mailed Aimee several times and got no reply. It appears that Gerald has also gone silent on Twitter but that may well be on the advice of legal counsel.
Let's all enjoy Easter with our families and hope that tomorrow we'll have some well deserved answers. It's not nice to keep the shareholders and the market in the dark.
Twitter: @AmarantusBio .... 9.904 followers
All IMHO.
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