Wednesday, March 04, 2015 6:26:46 PM
Anyway
200M shares at .03 = $6M
Cash 3.5M + AMBS stock (37.5M * .08c) =3.5M
So it is priced right. They even eliminated $2M in debt
What is not priced in is anyone thinking it is going to work. There is no "premium" here, so your buying intrinsic value.
They can't sell stock of AMBS until May, so when they do, if no news and nothing changes. RGIN will probably stay flat or drop as well. He needs to get info out to investors and get moving.
I would think at this level a "premium" is warranted. Pushing up to .075c to the 200 day MA seems possible.
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