Posted on March 10th, 2014
by Gerald Commissiong
“Courage and perseverance have a magical talisman, before which difficulties disappear and obstacles vanish into air.”
– John Quincy Adams
In my last blog I wrote about the need to stand firm in the face of adversity if one’s purpose is greater than the challenge being faced. Generally speaking, it is my view in life that nothing that is worth doing will be easy, and believing in one’s self and one’s strategy is the ONLY way to overcome adversity. This certainly applies to Amarantus’ current situation and, with today’s series of financial transactions, we have overcome THE major hurdle impeding the unlocking of our true value for our loyal shareholders. We raised $4M in cash by issuing 45M warrants priced at $0.12 and 4M common shares priced at $0.10. As they say, money talks and so as we continue ongoing discussions with various groups with interest in the Company’s product line, we now have the most important tool in any negotiation: the ability to say ‘no.’ This power gives the team at Amarantus financial credibility in the biotech space where credibility is everything and the potential returns for good deals vs. bad deals can swing dramatically.
Dilution is certainly a key concern of mine being the co-founder and a large shareholder along with my co-founder and father Dr. John Commissiong, as is the perception that the Company will continue to dilute itself at low price levels all the while impeding the natural progression of our trading market; this was the exact reason why we structured the transactions as we did:
It has been a long road for our loyal shareholder base, and we certainly respect and appreciate all the effort you have put into building Amarantus into the company it is today. As we move from today into tomorrow, we believe we are very well positioned to gain the attention of larger institutional investors seeking to gain access to the Company’s pipeline and potential for the future while significantly reducing the financial risk typically associated with Over-The-Counter stocks. It is important to note, the Company will not contemplate a reverse split at current price levels thereby mitigating that risk in the near-term.
I thank you for taking the time to read this blog and look forward to communicating with you in the near future both electronically and, at some point in 2014, at a shareholder meeting.
Gerald E. Commissiong
President & CEO
Forward Looking Statements
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