I think AMBS was at one time in a great position. After failing, looking back to see what happened is very important. Looking at the road blocks that many early companies face explains a lot. Many have no capital and feel no choice but to take horrible financing knowing what it will do to their retail investors.
So the question is was gerald a victim who got conned by some bad people who crushed the company or did he know and didn't care? No doubt the man is smart. No doubt he can promote. Was AMBS a tactical flaw or a character flaw. If tactical, can Gerald learn? If character, then how can you trust someone who knowingly will betray you to hit their agenda.
My personal stance given the evidence is it is both. I personally could not take in toxic convertible debt a second time, in a different company after watching it destroy so many of my last investors in AMBS. To be honest, I would jeopardize BK and fight to finance with good investors and funds and make as much progress to attract good investors. They are out there. I would eat McDonald's and sleep in super 8. And I would fail honorable before turning my back on you all and crushing my investor base.
Look at the funding. Follow the money. Watch the big blocks print after close. Those are signs of conversions and the company still issued stock. You had a company with a few million shares go to billions and look to authorize more. All while promoting non stop on Twitter. Why? Because if the volume dries up then the converts can't sell out and finding stops. Company then sits with super protected debt and no clean money will touch it.
Revenue? Go back and look at the splits with the suppliers, and provista. He had no terms at that time and the sales went to them. Very little went to tomdf. Promoting how well and the huge potential revenue and what huge stock jump will be if... lack of astute attention to detail and follow through.
I get hit up non stop asking for people to join my board. Advisors love free stock and salaries. Question is are they really working or just something to showcase on paper? The real players invest when they take seats.
Investing 101, bet on leadership and that means this is investing in gerald. A man who paid himself aggregious bonuses while the company is in default and close to BK.
I once believed. I have done my homework and the stock chart, price drop since gerald started, shares issued, company debt, high salary and bonus, spending habits, not disclosing deal terms, all while still promoting, knowing the truth has changed everything.
Run!!!!
