"And who cares about dilution if you don't have money to survive? " - apparently AMBS management has no concern about dilution:
O/S shares = 107.4 million Outstanding convertible debt potential and other obligations: $230k due at end of 2012 = about 53 million shares $41k to MMRI convertible to preferred stock $500k note to 10 investors - currently in default $23k remaining on Dec. 2011 convertible note $169k remaining on Oct-Mar convertible notes $54.5 remaining on Mar 2012 convertible note $245k remaining on Jan convertible note $22k to Neurotrophics $150k to Dr. Herschkowitz 500k stock options (fully vested) issued in November to a consultant Pending lawsuit for Peter Freeman for financial overhang on convertible debt 10.7 million share stock option plan
I suppose you are correct, issuing several more tens of millions of shares to the already overbloated O/S is just background noise as one more to add to the stack....