Friday, December 30, 2016 1:28:44 PM
Why? Because as 100% Owner of AMBS, Magna is serial diluting, and will continue to do so until something changes. There is $0.00 revenue here - so dilution will remain rampant daily.
Next, you have an inexperienced & novice CEO who is not well grounded in reality, coupled with a management team that has lost the trust of the investment community at large, and has earned itself the reputation as being totally inept and incompetent.
The best thing that could happen here is if a 3rd party entity bought out the defaulted paper owed Magna, cleaned house of all the losers, and took formal reigns of the company going forward. They could keep Gerald as a consultant long enough to take flight and then eject him from ever having anything to do with AMBS ever again.
And the above would be just a start of things needed to begin turning things around.
AJMHO
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