Amarantus Bioscience Holdings Inc (AMBS)

[Skeetz99]

From the Yahoo MB: Check out the analysis here; Gerald was quoted as telling investors to read the 8-k very carefully:

In connection with the transactions contemplated by the Purchase Agreement, the Company has registered with the U.S. Securities & Exchange Commission the following shares of Common Stock:
[TRANSFER AGENT]
(1) 4,000,000 shares of Common Stock that have been issued to the Buyer upon purchase from the Company by the Buyer on the date of the Purchase Agreement (the “ Initial Purchase Shares ”).
(2) 6,000,000 shares of Common Stock that have been issued to the Buyer as an initial commitment fee on the date of the Purchase Agreement (the “ Initial Commitment Shares ”).
(3) 76,500,000 shares of Common Stock to be issued to the Buyer upon purchase from the Company by the Buyer from time to time (the “ Purchase Shares ”).
(4) 3,500,000 shares of Common Stock to be issued to the Buyer upon purchase of Purchase Shares from the Company from time to time as an additional commitment fee (the “ Additional Commitment Shares ”).

Now do the math on the $19.6M in expected proceeds against 76.5M toto be issued to the Buyer upon purchase from the Company by the Buyer from time to time (the “ Purchase Shares ”).

It's 19.6/76.5 = 25.6c PPS!!!! In other words, this appears to be the average pps level that GC expects to execute the purcahse agreement at. Somebody tell me what I've missed here?