Wake Up,That deal fell through.We are now in for heavy dilution and a possible reverse split!!
I got sucked into this stock based on the merger and no dilution,and as usual we were lied too!!
My understanding is that Gerald did not go out and get more financing. This is merely the registration of shares promised to those who gave us money earlier. I think we have received 3 million and can receive another 5 million if we reach certain milestones, (like our pps being over .10 cents). In the email he sent out earlier today, he said he made this deal back when we were trading at .03 cents. The deal was something he felt was in the best interests of AMBS. I concur, it got us from .03 cents to .06 cents with enough money to carry LymPro and MANF forward for more than a year. So, it's not like he went out in the last few days and made a horrible dilutive deal right before good news came out. That would be bad. But that isn't what happened. It's just that October 3rd was the last day before he was required to register those promised shares with the SEC. Dilution is a reality. But I suspect we will be trading above .10 cents in the coming weeks and we will be fine. Gerald wants us to up list and so he will try and push the pps above .20 or .30 cents in the coming months, then do a RS so we can be listed on the NASDAQ. I have done this with another company and survived. If we lose a little value, we will be able to buy on the dip with margin money. Huge trading opportunity!!