Replies to post #639 on Amarantus Bioscience Holdings Inc (AMBS)

[Jellyfish]

IPO$, they used the grant money for pre-clinical experiments dealing with MANF and Parkinson's. The money was well spent and they received the grant money for that very reason.

[Voices of Reason]

IPO$ - from the latest financials:

"In April 2010, the Company was awarded a grant from the Michael J. Fox Foundation for Parkinson’s Research (“MJFF”). Pursuant to the MJFF grant, the Company performed research related to comparison and analysis of certain genes in rodent models of Parkinson’s disease. The grant provided for the reimbursement of expenses as incurred up to a maximum of $370,716, payable in two installments with targeted payments in April 2010 and October 2010, and it established two milestones. During the three months ended March 31, 2011, the Company achieved certain milestones and received payment and recorded revenue of $178,308. To date, through March 31, 2012, the Company has received a total of $370,716 from the MJFF."

The rat tests are complete - money was received and spent - no money remains.