Amarantus Bioscience Holdings Inc (AMBS)

[Solantey]

"The Company is currently in default on a note for $1.175 million."

What happened to that note?

"There are 2.5 million shares of Preferred B convertible shares issued which have a conversion rate of 50:1 (125 million shares) and have a voting block equivalent of 125 million shares."

Who owns these Preferred B shares?

"There are 250,000 shares of Preferred A convertible shares."

Does anyone know what the conversion rate is on these shares?

Now we know why the company needed 1,000,000,000 shares to be authorized.

Penny stocks dilute because it's what they do.

The company lost almost $3,000,000 in the first nine months of 2012. Obviously they need to get cash from selling stock.