Amarantus Bioscience Holdings Inc (AMBS)

[WarpCore61]

AMBS was NOT delisted from OTCBB last year because of late filing. There was a DTCC "chill" which resulted in some brokerage houses (TD Ameritrade in particular) to not trade the stock until the chill was lifted months later. The chill was for issues between the company and their stock transfer agent. It had nothing to do with the late filing. The timing was coincidental.

This was well documented here, and I was right in the middle of it as I'm a TD Ameritrade client. The chill order was already in effect before the filing deadline on April 16, 2013, the same day the company held a conference call with investors.

If you look at posts on that day, you will see some investors were already affected by the chill order, and yet the company didn't miss the filing deadline of 4:30 p.m. EST until later that afternoon, filing the 10-K literally 5 minutes late and missing the EDGAR cut-off for filing that day.

Today's filing was for a filing extension date. It was NOT a late filing any more than filing an extension on your tax return results in a late filing penalty as long as you file by the extended filing date. It won't count against the company as a late filing.