Replies to post #124734 on Amarantus Bioscience Holdings Inc (AMBS)

[newflow]

Enters Into $20 Million Purchase Agreement With Lincoln Park Capital Fund, LLC
During the 30-month term of the purchase agreement the Company, at its sole discretion, has the right to sell to LPC up to an additional $19.6 million of its common stock, in amounts as described in the agreement and subject to certain conditions, which include the effectiveness of a registration statement with the U.S. Securities and Exchange Commission (SEC) covering the sale of the shares that may be issued to LPC. The Company controls the timing and amount of any future investment and LPC is obligated to make purchases, if and when the Company decides in accordance with the agreement.
https://globenewswire.com/news-release/2014/03/10/616942/10071875/en/Amarantus-Closes-Warrant-Solicitation-Enters-Into-20-Million-Purchase-Agreement-With-Lincoln-Park-Capital-Fund-LLC.html

[JPetroInc]

AMBS management signed away fiscal control of the company to the toxic lenders

Gerald and John now work for Josh Sason of Magna - majority lender

Magna owns AMBS and their IP

sad but true...

AJMHO