IMHO, the mere fact that AMBS went on reckless spending spree predicated on the last 1-Bil. AS increase approved at the Sept. 2014 ASM involving $34-Mil in acquisition costs, with no $ in their bank, and made purchases of assets that were non-revenue producing whatsoever clearly demonstrates the mentality of AMBS management and their esteemed BOD. These actions placed the shareholder community in harms way as they simply had no way to pay for further development costs and time to market commercialization milestones. As a result of overburdening their balance sheet, their ability to financially function and remain liquid, they turned to toxic death spiral Series G & H financing under their legal advisor SRFF, who also represents Magna, Hanover as well as Delafeld - all Josh Sason corporate holdings - all drinking from the same watering hole. Brilliant "Financial Engineering" from the Standord economics undergrad.
AJMHO
News 
Market Data 
Discover 
AI
