Actually I am thinking of a big movement even prior to the RS. This week Wednesday and Thursday will be
the moment of truth. I still stand by my post "Something Fishy". It could well be the announcement of a
spin off or the commencement of a clinical trial. Just another honest opinion.
Yes, you are down in overall value. But it has nothing to do with the RS. It happens to a lot of
stocks. Take Mannkind for example. Some investors bought MNKD at $7 or $8 or even higher, only to see the PPS went down to $3-$4. But AMBS has a pipeline that could bring
your value back; maybe several times higher in a few years.
Totally agree. Judging from Friday's trade, that's exactly what had been done. As soon as the PPS fell to 0.042 ish, it was brought back to .05 ish. On the contrary, a quick spike to the
0.58 ish would see the stock fell back to 0.005, thus preventing
the stock from being flipped back if it goes any higher. Looks like management is happy to have the PPS stay around .005 at the time of the reverse split. In my opinion, the hectic volume of 23 millions shares being traded is not an indication of investors giving
up on the stock, but rather they are dumped by flippers who realize that once the stock is up-listed, it will end the era of manipulation. Just another humble opinion.
According to the company's PR, "Trading on a split adjusted basis will occur upon final approval from FINRA". Also, per JN's twit "No effective date listed yet, but expect soon.", it could happen anytime. I am not surprised that there will be an announcement made next week. Maybe that's the reason they moved the quarterly
result webcast to Wednesday. (See my other post "Something Fishy").
No, the reason we got manipulated easily on the OTC by flippers is because we have no buyers, and because the stock is so cheap. Of course, the company has to produce to attract institutional buyers and fund managers. But any piece of good news now would propel the PPS upward and after consolidation and profit-taking and actions taken by shorters, it will maintain at a reasonable level. (Just look at the recent performance of Sarepta SRPT and you will have an idea).
Sorry, risk, I have to disagree your saying of bluffing. Look at the milestones they have reached just the first half of this year alone. Remember that Rome is not built in one day. All they have been doing is the
ground-breaking work. Can they build a skyscraper out of it remains to be seen.
I guess the biggest disappointments are that many of us will see their number of AMBS shares shrink;
their dreams of becoming millionaires shattered; and that they have a feeling of being cheated by
Yes, the number of shares shrink; but the value remains unchanged. If you are currently holding 150,000 shares,
at .005 PPS, your account balance is $7,500. After the RS, you are getting 1000 shares at $7.50, and your account balance stays at $7,500.
Dreams shattered? Of course not. After the RS, you can still dream on that PPS would reach from $7.50 to
$500+; that regular stock splits like 1:10 would take place several times, and that we all become millionaires in
a few years. Look at companies like REGN, PUMA, ICPT, AAPL and NFLX. Things do happen.
Are we being cheated by management, especially that AMBS would RS into strength? If we look at the PPS when
it was at 0.15+, the answer is yes. But remember the PPS went down to below 4 pennies not too long ago. It might happen again, or even lower since it's easily controlled by flippers. Would you rather see the RS take place at a weaker price, when the PPS is at .003 (or even .002) ?
As long as the stock is traded as a penny stock at OTC, it can easily be manipulated by flippers.
Up-listing helps to eliminate flippers. If the science works it will bring in institution buyers and the PPS will
skyrocket. So what really matters is NOT the RS, whether it be 1:10 or 1:500. It's the science that counts.
Of course I could be wrong. But if the PPS stabilizes, or slowly creep back up to the
.06 level, it would help to support my theory.
I hope I am correct with this post; the same way as my posts on SRPT, which just
went up 10 bucks today, and CPRX, which went from below 2 to 4.
Why would AMBS do a conference call and a webcast discussing the results of 4th
quarter on May 27th 5PM, instead of today after the results came out?
Incidentally the webcast is just one day ahead of its Marcum Microcap Conference Presentation.
Putting 2 and 2 together, I would suspect something big might be announced on that conference
call next Wednesday. That's the reason why the PPS is brought down today, so smart people
can buy them cheap. JMHO.
Read through article on theStreet, didn't see anything about Safety mentioned on 3,4 Dap.