Amarantus Bioscience Holdings Inc (AMBS)

[JPetroInc]

GC is not the financial brains

never was...

Spence is now driving the boat

and holds 40-Mil. shares

Magna, Delafield, etc. don't want the assets (IP)

they want the defaulted loan $$$ dollars

and are willing to take 80% reduction

predicated on certain terms & conditions

$1.5-Mil. tranche funding is buying valuable time for other events to occur

Spence is no schlep - the guy 'walks on water' on Wall St.

AJMHO