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mstrike

12/19/15 7:16 AM

#120647 RE: tsuguy #120644

You guys forget that those 150mil shares were asked by a deal contraparts? This,imo, means that they were imposed for different financial purposes such an hedge, ect.. and not GC's decision. So, I don't think those shares were meant specifically to hit the market. Tsguy, you might be right and I agree with you ... An already generating revenue for the spun out Dx could be a good locomotive also taking into account that the entity which will result could be a Nasdq Co play...just my opinion...
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JPetroInc

12/19/15 7:50 PM

#120651 RE: tsuguy #120644

I've been on old Gerald boy to buy at least 1 revenue generating asset since the last 1-Bil. AS were approved in August, 2014 -

instead, he went on an ego driven $34-Mil. spending spree to corner the world on being the only blood based assay bio-marker company for AZ & MS, all on credit, and then realized he had no way to pay for them, as they were all still in developmental stages requiring many years and multiples millions of $$$ to bring to market...

subsequently, he placed his shareholders at great peril and is culpable for his reckless actions

if he had gone on this same spending spree with substantive IB backing, it would have been a more prudent move, and would not have caused for the desperate toxic convertibles that decimated his shareholder base for a 98% catastrophic loss of their investment dollars

that said, if AMBS can actually do what you've indicated, this might have a fighting chance for a come back, but it all quite literally depends upon them taking out the toxic convertibles - and as close to Jan. 8th as possible, when their allowed to convert once again...