Amarantus Bioscience Holdings Inc (AMBS)

[JPetroInc]

Anyone still here has suffered greatly by AMBS's diminishing returns

....unless you were an 'inside short' during the floorless convertible debacle.



Its not a matter of me being duped.

Its a matter of Gerald Commissiong's honesty and integrity - and the fact that you had a CEO who habitually and pathologically lied at every step along the way - and a father who did absolutely nothing to stop the actions of his son when he knew it to be wrong, but was there to collect his hefty weekly paycheck regardless of false promises and unsubstantiated claims.

Averaging down obviously means that someone was holding high - and more than probable, grave losses were suffered along the way.

If however, what the 'straight shooting' Mr. Chang specifically stated is true about pulling the proverbial plug on the LOI - provided AMBS management is unable to attain what they stated they would do in the LOI agreement - coupled with a financial 'Whale' such as Magna - who when they throw their weight around, has the ability to cease AMBS's assets and auction them off at will in order to satisfy the $16-Mil. defaulted loans - then averaging down becomes a 'exceptionally high risk play' and an 'incredible gamble' on a company that is insolvent, has no telephone number, and whose CEO has disappeared from public view.

Add to this the fact that the IR unequivocally stated "AMBS has been unsuccessful to secure requisite LOI financing, and the longer it takes, the worse off it will be for everybody" infers that this security is now facing an unsure and unknown existence...

Read the conditions of the LOI - if not met by either AMBS and/or Avant per SEC Filings. There is an arm's length of items that need to be accomplished by June 25th - with "T's" crossed and "I's" dotted - before Mr. Hang will return to the negotiating table:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11959167

Subsequently and IMHO, averaging down is not a wise investment tactic predicated on the value of the IP, but rather a "Hail Mary" long shot pass - thrown out of sheer panic and desperation - when AMBS is genuinely facing auction or liquidation of all remaining 'defaulted' assets...

Many thanks for the advice, but I think I will wait to see what happens before putting good money on top of bad...



AJMHO