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Re: cazual post# 70547

Friday, 06/13/2014 1:29:04 PM

Friday, June 13, 2014 1:29:04 PM

Post# of 91007
WHO GIVE'S A RATS ASK OR BID AS EVEN STEVEN VICTOR IS CASHING IN & MUCH TO THE DETRIMENT OF SHAREHOLDER VALUE
PROVEN FACT yet there are still Current Promissory Notes in Default that have also used SVFC assets as collateral Hell(o) even Victor is cashing in $$SVFC doesn't even after that $2.1M Capitol Raise enough money to cover current Promissory Notes in Default


1) Holders of some of our promissory notes which are now in default could, if they were to successfully enforce those notes in a law suit, levy on our assets and have them sold to satisfy our obligations on the notes.

2) Part of our debt held by promissory note holders has been assumed by Redwood Management, LLC. However, our bridge notes and our convertible promissory notes held by some of our promissory note holders are in default, and we are not in a position to repay them. We intend to use the proceeds of a future offering to pay off such notes. Holders of those notes could if they choose to sue on those notes, and if they were successful in their lawsuits they could levy on our assets and have those assets sold to satisfy the amounts we owe them.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9979496
wink & IR will get more money that SVFC does not have but time will tell.
Multiple Defaulted upon Notes, Multiple Court Ordered Settlements, Multiple Toxic Financing Agreements aka Convertible Debenture Agreements due to Steven Victor's use of public company funds for his personal gain/private practice & there are still more currently in Default
yep supports that the ask wipe outs are the only ones who have converted their debt the other Notes still in Default


2) Part of our debt held by promissory note holders has been assumed by Redwood Management, LLC.



but look deeper into the 10K & ALL can see whose Debt was sold wink

Steven Victor Convertible Promissory Note

On October 1, 2013, the Company issued a $1,000,000 convertible promissory note to Steven Victor to memorialize $585,794 of accrued salary and $414,206 of personal loans due to Steven Victor. The convertible promissory note is payable on demand and bears an annual 12% simple interest rate. The convertible promissory note is convertible into shares of the Company’s common stock, par value, $0.001 per share (the “Common Stock”) at a price equal to the average five trading day closing bid price during the five days immediately prior to the conversion date multiplied by two.

On October 11, 2013, the Company was advised that the convertible promissory note was assigned to Redwood Management, LLC.


Anna Rhodes Convertible Promissory Note

On October 1, 2013, the Company issued a $389,711 convertible promissory note to Anna Rhodes to memorialize $229,464 of accrued salary and $160,247 of personal loans due to Anna Rhodes. The convertible promissory note is payable on demand and bears an annual 12% simple interest rate. The convertible promissory note is convertible into shares of the Company’s common stock, par value, $0.001 per share (the “Common Stock”) at a price equal to the average five trading day closing bid price during the five days immediately prior to the conversion date multiplied by two.

On October 11, 2013, the Company was advised that the convertible promissory note was assigned to Redwood Management, LLC.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9979496



1) Holders of some of our promissory notes which are now in default could, if they were to successfully enforce those notes in a law suit, levy on our assets and have them sold to satisfy our obligations on the notes.

2) Part of our debt held by promissory note holders has been assumed by Redwood Management, LLC. However, our bridge notes and our convertible promissory notes held by some of our promissory note holders are in default, and we are not in a position to repay them. We intend to use the proceeds of a future offering to pay off such notes. Holders of those notes could if they choose to sue on those notes, and if they were successful in their lawsuits they could levy on our assets and have those assets sold to satisfy the amounts we owe them.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9979496[/color]

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