Replies to post #1573 on Amarantus Bioscience Holdings Inc (AMBS)

[hometownJOE]

In default on $1.175 million of notes? But RBCC only has $25K in the bank and AMBS only has 500 bucks.

That means all the intellectual properties of MANF is owned by the note holders until notes are paid off?

[Voices of Reason]

Regarding the 10Q and further to my earlier comments (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80755298 ), the dilution continues:

From the latest 10Q, the O/S shares increased from 108 million to 224 million

There remains a large number of convertible notes remaining, too numerous to mention here, but can be found at: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8926855

At a meeting held November 13 th , 2012, the Board of Directors approved an increase in the authorized common shares of the corporation from 250,000,000 to 1,000,000,000 (that's 1 Billion!)

At a meeting held November 13 th , 2012, the Board of Directors approved an increase in the 2008 Stock Option plan from 18,242,127 common shares to 50,000,000 common shares.

In November, 2012 the Board of Directors granted 1,250,000 options to purchase Series B stock to certain officers and directors

On November 16 th , 2012, the Company became aware of a lawsuit filed by Alpha Capital Ansalt (“Alpha”) in Federal court related to Alpha’s April 24 th , 2012 assignment of a non-convertible promissory note in the principle amount of $150,000 dated October 4 th , 2011 from Dr. Samuel Herschkowitz, a former advisor to the Company.

In November 2012, the Company issued a Convertible Promissory Note to an Dominion Capital, LLC (the “Investor”) in the principal amount of $600,000.

[Solantey]

"The Company is currently in default on a note for $1.175 million."

What happened to that note?

"There are 2.5 million shares of Preferred B convertible shares issued which have a conversion rate of 50:1 (125 million shares) and have a voting block equivalent of 125 million shares."

Who owns these Preferred B shares?

"There are 250,000 shares of Preferred A convertible shares."

Does anyone know what the conversion rate is on these shares?

Now we know why the company needed 1,000,000,000 shares to be authorized.

Penny stocks dilute because it's what they do.

The company lost almost $3,000,000 in the first nine months of 2012. Obviously they need to get cash from selling stock.

[Solantey]

"During the six months ended June 30, 2012 the Company issued $1,258,412 worth of common stock to various consultants for services and it paid $54,442 of trade accounts payable with shares of common stock in settlement of the trade debt."

Who were these consultants?

What service did they actually perform?

[Solantey]

How much dilution is on the way? Now we know why the company needed to authorize 1,000,000,000 shares.

Does Gerald own the Class B preferred stock referenced in Voices of Reason's post?

What are the conversion terms of the Class A preferred stock?

Losing $3,000,000 in the first nine months of 2012 with only three employees means the company will need to raise cash soon.

Interesting times ahead.

Delaying the MANF study results for three weeks made no sense if they were positive.

All imho.

p.s. Instead of sending me private messages to which I can't and probably wouldn't respond why not just put me on ignore.

[Solantey]

How much dilution is on the way? Now we know why the company needed to authorize 1,000,000,000 shares.

Does Gerald own the Class B preferred stock referenced in Voices of Reason's post?

What are the conversion terms of the Class A preferred stock?

Losing $3,000,000 in the first nine months of 2012 with only three employees means the company will need to raise cash soon.

Interesting times ahead.

Delaying the MANF study results for three weeks made no sense if they were positive.

All imho.

p.s. Don't miss taking some profits.

[Solantey]

Never be afraid to take profits before the other shareholder does.

Company's needs cash.

1,000,000,000 shares means substantial dilution is on the way.

GLTA