Amarantus Bioscience Holdings Inc (AMBS)

[Skeetz99]

In regards to dilution; this info. was copied directly from the S-1:

Note: the investors have the option to convert the Debentures in whole or in part....so the reality that our PPS is fully diluted is pure nonsense.


At any time after the Original Issue Date and until the Debentures are no longer outstanding, the Debentures shall be convertible, in whole or in part, into shares of Common Stock at the option of the Investors, subject to certain conversion limitations set forth in the Debentures. The conversion price for the Debentures is $0.04 per share, subject to adjustments upon certain events, as set forth in the Debentures. Interest on the Debentures accrue at the rate of 8% annually and is payable on any redemption, conversion and at maturity. Interest is payable in cash or at the Company’s option in shares of the Company’s common stock; provided certain conditions are met. Commencing on the 9 month anniversary and every 10 Trading days thereafter, the Company will be obligated to redeem a certain amount under the Debenture (the “Monthly Redemption”) until the full redemption of the Debenture. The first 8 Monthly Redemptions shall equal 5% of the original principal amount of the Debentures and thereafter the Monthly Redemption shall equal 15% of the original principal amount. In lieu of cash redemption and subject to the Company meeting certain equity conditions described in the Debenture, the Company may elect to pay the Monthly Redemptions in shares of Common Stock as provided in the Debenture.