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IntelliCell BioSciences Announces Positive Final Ruling Against Ironridge Global IV, LTD., and TCA Global Credit Master Fund, LP
NEW YORK, May 7, 2014 /PRNewswire via COMTEX/ -- IntelliCell Biosciences, Inc. ("IntelliCell" or the "Company") (OTCQB: SVFC), a regenerative medicine company utilizing adult autologous vascular cells (SVCs) derived from the blood vessels found in adipose tissue, announced today that it has received a final positive ruling in its case against Ironridge Global IV, LTD. ("Ironridge"), and TCA Global Credit Master Fund, LP ("TCA").
On May 5, 2014 Judge Jeffrey K. Oing "ORDERED that the motion by IntelliCell to confirm JHO Gammerman's report is granted, and the January 28, 2013 report of JHO Gammerman is hereby confirmed; and it is further ORDERED that Ironridges' cross motion to reject and/or modify the report is denied.
On January 28, 2013, after an arduous battle in the courts, Judicial Hearing Officer Ira Gammerman, a long time former Justice of the Supreme Court of the State of New York, in a decision on each of Ironridge's claims against the Company, fully justified IntelliCell's position by ruling against each of Ironridge's and TCA's demands for monetary damages. The Company has always maintained that Ironridge was not entitled to any monetary claims in this matter and Judge Gammerman agreed. The Court made it abundantly clear that Ironridge (led by its principals John Kirkland and Richard Krieger) and TCA are not entitled to monetary damages and had no right to inappropriately broadcast to the world that it could sell IntelliCell's assets.
IntelliCell's Chief Executive Officer, Dr. Steven Victor, remarked, "We maintained from the very beginning that we would vigorously defend ourselves against all of John Kirkland's and Ironridge's claims for additional monetary damages and today the Company feels vindicated and is happy for its shareholders." Dr. Victor added, "I would like to especially thank The Roth Law Firm and Richard Roth and Jordan Kam for their hard work in getting us the best result possible." Richard Roth stated, "At the end of the day, IntelliCell knew it was right -- and Ironridge was wrong -- on all monetary claims. We needed two judges to confirm our position."
Link to Decision:
https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=L84VnUELUjA7UGhBC6oH4Q==&system=prod
About IntelliCell Biosciences
IntelliCell is a pioneering regenerative medicine company focused on the expanding regenerative medical markets using adult autologous stromal vascular fraction cells (SVFCs) derived from the blood vessels in the adult adipose tissue. IntelliCell Biosciences has developed its own patented technology and protocol to separate adult autologous vascular cells from adipose tissue without the use of enzymes. IntelliCell will also be seeking to develop technology-licensing agreements with technology developers, universities, and international business entities.
Forward-Looking Statements
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "will reach," "will change," "will soon," "should," "could," "would," "may," "can" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.
Contact:Anna Rhodesarhodes@intellicellbiosciences.com 212-249-3050
SOURCE IntelliCell BioSciences, Inc.
http://rt.prnewswire.com/rt.gif?NewsItemId=NY22080&Transmission_Id=201405070945PR_NEWS_USPR_____NY22080&DateId=20140507
www.prnewswire.com
Copyright (C) 2014 PR Newswire. All rights reserved
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KEYWORD: New York
INDUSTRY KEYWORD: HEA
MTC
OTC
SUBJECT CODE: LAW
They are trying hard to hold SVFC down. I can almost smell the desperation. $SVFC
Could explode at anytime now.
L6
Wait for 4 buy at 5. Either way $svfc should be a good stock. Glty
L6
P and d's don't make it to major networks but all and all I agree. It can or should make it on its own merits.
Glty $svfc
True. Hilal did an rs to sell more shares. That is how it works here on the stinks...
At least wait 6 months to see what happens, buying now is not going to turn out well for the buyer.
L6
Svfc - I have a few mill and am holding for all or nothing, anything in between is just noise. I think we will all be looking at this by the end of the summer patting ourselves on the back.
GL
What this looks like to me is that this stock is heading to the grey market. You will not be able to electronically buy or sell this stock and no MM will advertise a bid or ask.
Other stocks are not going to follow suit unless they are going out of business.
Please correct me if I am wrong but I think this thing is toast.
GL
SVFC... Wow this sucks. Even more since I do not have any funds to get a few cheapies.
GL
Anyone see that 9 mill trade go through?
When our first Q's Fins out? TIA
Don't forget about the Patents.... $SVFC!
Lets break the 100 mill mark! SVFC
$svfc looks like 3.5 mill on bid at 61 looks like she goes higher to me.
$SVFC Good times ahead!
Selling before the court date and patent(s) approval would not be a wise investment choice in my opinion.
GLTA
We all know that the company was doing a lot of things at the end of last year. 15 day extension seems warranted to me.
Only a few weeks maybe only a few days of cheapies left IMO.
Pure and simple manipulation IMO. I have been 49 all morning and not getting filled. I think people much bigger than me are at work here.
I am just waiting and accumulating under 5.
GLTY
A lot of BS trades going through
Price Size Mkt Time
$0.005 5,000 OTO 11:31:11
$0.0049 35,000 OTO 11:27:37
$0.0049 50,000 OTO 11:07:29
$0.005 10,000 OTO 11:06:12
$0.005 37,828 OTO 11:05:55
$0.005 40,000 OTO 11:02:47
$0.0051 156,900 OTO 10:57:24
$0.0051 200,000 OTO 10:57:18
$0.0051 143,100 OTO 10:57:18
$0.005 90 OTO 10:46:00
$0.005 277,000 OTO 10:45:25
$0.005 118,500 OTO 10:43:50
$0.005 22 OTO 10:43:30
$0.005 127,600 OTO 10:43:16
$0.005 9,975 OTO 10:43:12
$0.005 38,700 OTO 10:43:10
$0.005 297,900 OTO 10:43:08
$0.005 168,125 OTO 10:43:06
$0.005 97,700 OTO 10:43:04
$0.005 100,000 OTO 10:43:04
$0.005 200,000 OTO 10:40:03
$0.005 21,875 OTO 10:28:03
$0.005 10,000 OTO 10:28:02
$0.005 51,000 OTO 10:22:25
$0.005 374,000 OTO 10:22:15
$0.005 53,125 OTO 10:22:03
$0.0048 370,500 OTO 10:21:40
$0.0049 10,000 OTO 10:16:01
$0.0049 10,000 OTO 10:12:36
$0.0049 42,500 OTO 10:12:33
Looks like an old fashioned stand off $SVFC
Bring it on $BZTG...
I have some dry powder but I am waiting to see where this levels out. I would rather loose a few ticks to the upside then try to catch what appears to be a falling knife.
I think the ultimate bottom is 005...
L6
The million dollar questions.
http://www.livetradingnews.com/fbc-holding-inc-otcmktsfbcd-marijuana-or-not-is-the-question-37168.htm#.UymrZdco7IU
FBC Holding Inc (OTCMKTS:FBCD) Marijuana or Not is the Question
FBCD has reported some solid numbers coming over the next year, but the big question is, whats with the Marijuana news that was accidentally released on their website?
Lots of us seen the accidental release and it has been the topic of much speculation.
FBC Holding Inc (OTCMKTS:FBCD) Chief Executive Officer and Director Frank Russo went to provide a quick preview on the kind of announcements that investors and analysts can look forward to in the update. He is quoted to have said that, “For the first time since taking the reins, FBC Holding’s is finally positioned for rapid and sustained growth. With complete immersion in our ‘Interactive Division,’ we’ve been able to begin building our ‘Health & Wellness Consumer’ brands; managing the development of our first product to the extent, we expect to move over one million unit orders within the 2nd Quarter of this year.”
We have been chasing CEO Russo for an interview:
Here are our questions
Questions 1
Last week we seen a glimpse of a Marijuana related business pop up on the FBCD URL, Can you say anything about that?
Question 2
How big is the Direct TV market inthe USA and what plans do you have to enter this market?
Question 3
Tell us about your first products?
Question 4
How did you estimate Q2 sales at $20m?
Question 5
What other Products can we expect to see this year?
If we get an answer we will publish it immediately.
SVFC just needs a little more time that is all. I want it to happen over night but such as life....
They were a little aggressive with the news. It will be out soon. IMO
FBCD Drop the NEWS ALREADY!!! EM
Can you let me know how I may be paid for announcing the ASK on a message board? Seems like a pretty good gig.
Couldn't resist..... Just trying to have a little fun.
L6
What's up with the 5.5 mill on both the bid X ask. EM
Not following through is not good for the PPS!
The day is not over through.
L6
Buzz Technologies, Inc. (OTCMKTS:BZTG) Investing in Marijuana
BZTG has been active in the financing of Marijuana stock for almost a year and has built a solid position in public and privately held Marijuana businesses in the “legal” states.
Equity Line Financing – is a type of funding that has been used successfully by BZTG to provide funding to Marijuana companies looking to raise capital for growth or acquisitions.
Companies are discovering that they can use this vehicle to access capital for acquisitions, working capital for expansion or even paying down debt.
The BZTG equity line is typically based on a formula similar to the traditional method used in the United States. The amount and frequency of funding are based on an agreed upon discount to the Volume Weighted Average Price (VWAP), as reported by the exchange, and a percentage of the trading volume during the pricing period.
Bangkok Jack, one of the first companies to be built on the BZTG finance model will commence wholesale and retail seed and associated agricultural products on June 1.
After Colorado and Washington became the first states to legalize the recreational use and sale of marijuana last year, 2014 may be the year that accelerates that trend as four more states and the District of Columbia gear-up for their own campaigns to legalize the substance.
A majority of Americans believe marijuana use should be legalized nationwide, according to a CNN/ORC survey released Tuesday, with 55 percent saying they support legalization compared to 44 percent who believe it should remain illegal.
With the tide of public opinion on their side, supporters of legalization in Alaska, California, Arizona, Oregon and Washington, D.C. are seizing on the mood with voter-driven initiatives that would bypass state legislatures and secure ballot measures for the 2014 elections, according to a report by U.S. News and World Report.
http://www.livetradingnews.com/buzz-technologies-inc-otcmktsbztg-investing-in-marijuana-36795.htm#.UycdmXmPLcs
Looks like the word is slowly starting to get out. Up 100% now.
Buzz Technologies, Inc. (OTCMKTS:BZTG) Investing in Marijuana
BZTG has been active in the financing of Marijuana stock for almost a year and has built a solid position in public and privately held Marijuana businesses in the “legal” states.
Equity Line Financing – is a type of funding that has been used successfully by BZTG to provide funding to Marijuana companies looking to raise capital for growth or acquisitions.
Companies are discovering that they can use this vehicle to access capital for acquisitions, working capital for expansion or even paying down debt.
The BZTG equity line is typically based on a formula similar to the traditional method used in the United States. The amount and frequency of funding are based on an agreed upon discount to the Volume Weighted Average Price (VWAP), as reported by the exchange, and a percentage of the trading volume during the pricing period.
Bangkok Jack, one of the first companies to be built on the BZTG finance model will commence wholesale and retail seed and associated agricultural products on June 1.
After Colorado and Washington became the first states to legalize the recreational use and sale of marijuana last year, 2014 may be the year that accelerates that trend as four more states and the District of Columbia gear-up for their own campaigns to legalize the substance.
A majority of Americans believe marijuana use should be legalized nationwide, according to a CNN/ORC survey released Tuesday, with 55 percent saying they support legalization compared to 44 percent who believe it should remain illegal.
With the tide of public opinion on their side, supporters of legalization in Alaska, California, Arizona, Oregon and Washington, D.C. are seizing on the mood with voter-driven initiatives that would bypass state legislatures and secure ballot measures for the 2014 elections, according to a report by U.S. News and World Report.
http://www.livetradingnews.com/buzz-technologies-inc-otcmktsbztg-investing-in-marijuana-36795.htm#.UycdmXmPLcs
From the PDF...
Additional Revenue Streams
?International Licenses for proprietary Intellicell tissue processing
currently have signed licenses in Canada, Australia, Thailand
GL
Looks like BZTG is getting into the MJ Game.
HHI (OTCMKTS:BZTG) Expands Financial Services to Marijuana Industry
http://www.livetradingnews.com/hhi-otcmktsbztg-expands-financial-services-to-marijuana-industry-36288.htm#.UyM3Z3mPLct
Better get in now or forever hold your peace. GLTA
Historical Short Selling Data For BZTG
This mean anything to anyone? Looks like a lot short to me.
http://otcshortreport.com/index.php?index=BZTG&action=view#.Ux9-JXmPLcs
Date
VolShorted
High
Low
Close
ShortVol
RegularVol
Mar 10 86.15% 0.00 0.00 0.00 559,994 650,000
Mar 07 0% 0.00 0.00 0.00 0 2,056,800
Mar 06 40.00% 0.00 0.00 0.00 30,000 75,000
Mar 05 0% 0.00 0.00 0.00 0 0
Mar 04 29.15% 0.00 0.00 0.00 50,000 171,500
Mar 03 20.87% 0.00 0.00 0.00 650,000 3,115,066
Feb 28 66.22% 0.00 0.00 0.00 324,500 490,000
Feb 27 21.09% 0.00 0.00 0.00 369,000 1,750,000
From the Doc.
Steven Victor MD ?@stevenvictormd · 6h
@Andrxxxxxx come visit us We do #regenerativemedicine and #stem cells and have FDA registered #cellular lab on 57st and Park
The tree has been SHAKEN
Ruthless Dilution... 64's thin...
200 mill down 1.8 billion to go. EM