Amarantus Bioscience Holdings Inc (AMBS)

[MUKA1]

Come on now Coinguy, there is more to that presentation and correction made today that just what you have shown...

What was detailed in the 10Q yesterday was simply reprint of last years May issued 10K. As management has recently admitted, they have made simple mistakes due to the lack of manpower that they have available to them. The following was also included in the annual 10K from last month and finalizes the issue. They simply did a poor cut and paste job on yesterdays 10Q and then corrected it today.

"In August 2012, the Company learned that the IP now belongs to the bankruptcy estate, and the Trustee has provided notice to the Patent and Trademark Office of the change in ownership. Further the Trustee was willing to work with Amarantus with complying with Power 3’s original agreement with Amarantus, and put forth a proposal. In November 2012, the Company responded to the Trustee’s proposal and is currently waiting for a formal reply from the Trustee.

On December 19, 2012, Amarantus Bioscience, Inc. (the “Company” or “Registrant”) entered into a bill of sale () with Lowell T. Cage, the chapter 7 trustee for Power3 pursuant to which Power3 granted to the Company interest in intellectual property relating to medical patents held by the estate of Power3, . Under the terms of the bill of sale, the Company will provide to Power3 consideration of $40,000 plus the retention of the Company’s common stock owned by Power3 in return for the intellectual property.

Amarantus is continuing to review the Company’s legal options with respect to the material misrepresentations made by the officers of Power3 and the Company’s rights in the IP." AMBS April 10K

Is this a silly mistake...absolutely! Is there any deception....no.