Replies to post #120469 on Amarantus Bioscience Holdings Inc (AMBS)

[JPetroInc]

well said Sal - sorry just venting - frustrated as hell as is everyone else - I get that as well

but these guys took the 1-Bil. AS increase from Aug. 2014 and went on a reckless $34-Mil. spending spree, undeserved salary increases and bonus payouts

all of which ultimately destroyed the company and eviscerated all their shareholders' long term holdings and positions

with ESS being the ultimate "make or break" 1-trick pony for salvation

it's simply incomprehensible, outrageously destructive and a total disreguard as to why they didn't buy any revenue producing assets at all that would have put cash on the books and dramatically extended the cash burn runway for everyone

but instead, assets that were still in early development and require mega-millions to develop further

Geralds Dx spin out fail safe of AMBS Dx Div & quote (slide 33)

"We're working on spinout out our diagnostic division in the near term that will allow us to put some significant capital on the balance sheet and really demonstrate the value proposition we have to investors"

http://wsw.com/webcast/ldmicro9/ambs/

how will they do this with no cash on hand...its hundreds of thousands of dollars and even millions to successfully uplist

unless they have help with a JV or a cash partner....