AmbiCom Holdings, Inc. (fka ABHI)

[naturallyk2]

Oooooooooooo... I just put it all together. Took a minute to figure out what was going on with the filings, but they're just setting themselves up to make the RS effective. Did anyone catch that SEC 13G that was filed today as well?

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11078260

Kodiak owns a 9.4% stake in ABHI. They have 18,000,000 shares. Now I know you're wondering "How do they have more shares than what's currently outstanding according to the 10-Q?" Well, they don't. In reality, they actually have 1,800,000 shares once the RS is reflected in everyone's accounts.

Someone mentioned that they should have already RS'd last week. That PRE-14C stated that "The approval of the Amendment  will  not  become  effective  until  at  least  20  calendar  days  after  the  initial  mailing  of  this  Information  Statement  (the
“Effective Date”) That didn't mean that an RS will happen on the 20th day.

ABHI is just cleaning up house and ensuring no one is caught in a loop hole after the RS which happened on 21 DEC. Obviously we'll see that split hit everyone's shares next week. This is probably one of the most turbulent and confusing RS's I've seen in awhile. They also might have file another amendment as well because certain dates aren't jiving.