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You think victor has a personal net worth of 100 million dollars? Where'd you get that insane number from?
Very curious as to what tomorrow will bring!
I'm not sure if you noticed, but there are status reports generated today 10/21/2014 on the first three patent links you posted. I read that the update on the patent is "unavailable" but I'm not sure.
I mentioned something regarding a new entity taking control. I noticed his twitter bio changed. It no longer holds any information about intellicell. It used to state "CEO intellicell biosciences" and listed the address and phone number and I believe a brief description but don't quote me on that. Anyhow, I think that signifies one of two things. He's stepped down as CEO and will play a head role in the medical part of intellicell and not as a senior manager, OR due to intellicell's immense drop and an increase in anger in shareholders (which could mean shareholders with twitter would try to explain their anger over twitter) he took down the info about intellicell so it would not disturb or impede on the regular day to day business of ReGen
Wouldn't that have to be filed as an insider transaction?
Is there a way to have iHub send a notification when a piece of news hits intellicell's news?
Precisely why I refuse to sell. Pink sheet stocks rarely restate their financial statements because there is no real need. Intellicell spent the resources like time and money to restate them correctly because of what? A move by a big investor? A move by a potential partner who wants to make sure everything is in place before a hand shake happens? Svfc doesn't communicate to shareholders, everyone and their mother know that. So clearly the restating of the financial statements wasn't because intellicell said "yes let's update the shareholders now on statements after not communicating with them for a month and a half". It doesn't add up. There is something more. Agree with you.
Dr. Victor has a great medical mind. Which is why he needs to focus on the medical department of intellicell. He should not function from a management standpoint nor should he function from a financial standpoint. There needs to be a change in CEO, a hiring of a permanent CFO and financial team, possibly even a CIO and definitely, definitely, DEFINITELY a CRO. Chief Risk Officers are perhaps the most important figures in senior management. Who knows, maybe with a CRO in place, intellicell could have avoided this toxic financing route. Dr. Victor needs to work in his own capacity, working on the medicine and not have any bearing on the management and financial decisions.
Sure they can. But what CEO would put their rep and name into a company that has these conversions going on? I mean of course if you have a solid business and financial plan that can tackle the toxic financing and a way to implement your plans, then it's possible. I'm saying it is possible. But it's unlikely at this specific time
These conversions have to run their course first, don't you think? A "seasoned big pharma" CEO wouldn't sign on with intellicell in the state it is in now financially
Dr victor took intellicell biosciences off of his description on twitter. It used to say CEO intellicell biosciences and something else about the company. Now it's just about ReGen medical derm with the ReGen website, not intellicell. Bad sign?
Would intellicell go bankrupt?
What would happen if SVFC hit no bid?
Could this dumping be done by that guy who owns 147 mil shares?
I was wondering that too. Maybe he took it down and is creating a new one
Great job referencing something from 6+ years ago
Ah I was unaware of that. Thanks for the clarification
It's great that intellicell is getting up to date with the filings. What's not great is the "going concern" section and the payroll statement. Why was his wife or "spouse of the company's CEO" getting compensated? Is that a normal thing to do?
Maybe now that they have finished amending that 10Q, they can release the most recently needed one that everyone has been waiting for.
That's a valid question. And one that should be answered by intellicell. In not pumping intellicell and trying to make it seem like it is much more than it actually is, nor am I bashing it and its inability to keep shareholders alert of what is happening. I'm a shareholder, have been for a long time. I've quietly been adding, averaging down wherever I can. Dedicated investors are here. They have their shares loaded. Now it is up to intellicell to update shareholders on what's going on so the possibility of attracting new investors goes up substantially. Till then, I'll be waiting. I'm not expecting this to "go to da moon" or what not. I'm not expecting a million dollar pay day because how often does that really happen. Decent profit of course! But I won't get too ahead of myself
Intellicell isn't making shareholder value a priority. It's a start up biotech. They're more concerned with kick starting this company first, and then they'll worry about the shareholders. With that being said, I agree that even a startup should keep its shareholders in the light and not in the dark.
Has anyone contacted any of the team members at intellicell regarding the 10q among other things? If so, what was the response?
I thought there was a pending investigation after the whole Ironridge debacle and they froze trading for NEWL..144% gain with 3+mil volume? What'd I miss
If it gets delisted, the bottom opens up
SVFC in May of 2011 was at a penny. In October of 2011 it had hit its high of $4.80. It can happen when everything is in place
It only makes sense that IR sell their shares at the highest price possible. They won't be selling at these levels of .0018. I think we can see a spike to who knows, possibly a penny or more. Then a massive sell off would start. IMO
What's happening on the 30th LJ?
The larger the difference between the number of authorized shares and the number of outstanding shares, the greater the potential for dilution.
This increase in authorized shares to 10 billion means possible dilution?
Does anyone else think that Ironridge got their shares and are just simply liquidating? Or is this 32% decline in a day and a half a result of something else?
Why the huge sell off?
I'll surely call and ask questions regarding the internship, maybe even schedule an interview of some kind. If that happens, I'll be beyond excited to see the office, meet Dr. Victor, and see how well SVFC is building its empire. If it ends up being an internship more geared towards the bio/chem field, I have a friend who is studying Biology and Chemistry hoping to one day be a pharmacist and do some kind of biotech clinical research. I'll tell him about it at that time.
I appreciate your compliment as well Shish. I'd also like to compliment both you and Cazual for the constant well developed DD. You two seem to know this area of finance very well, you (Shish) being a financial advisor of some kind I believe? (Correct me if I'm wrong). Nevertheless, it seems you two dissect every piece of news and every piece of every file and simplify it in a way that makes it easier to understand for those who are not so experienced so I (as well as others, most likely) thank you for that and continue to appreciate the effort.
I'm a college student in NYC, third year, dual major in Finance and Mathematics. I'm currently employed, and have been employed for about 2 years, at a bank as an associate doing financial sales and analytics. The field I really do well in on my own and the field I want to break into is trading possibly part time while doing investment banking, possibly private wealth management as a career. Was he more specific on what the internship would entail? Something in the bio/chem field or in the finance field? If it is finance, I'd take a shot at it. Would update you guys on the ins and outs of what's going on behind those Intellicell doors ;)
I've been away all day. When did the filing come out? After market or during the day? Also, anyone have any opinions on how we open tomorrow morn now that people have had a few hours to look at the 10q more in depth?
I guess SVFC isn't the only one that Ironridge tried to screw over. Take a look at this. Company's execs warned others of working with Ironridge.
PIRAEUS, Greece, June 12, 2014 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or the "Company") announced today that on June 3, 2014, NewLead received a Temporary Restraining Order against Ironridge Global IV, Ltd ("Ironridge") enjoining the issuance of further common shares of NewLead pursuant to its Series A Preference Shares. On June 11, 2014, the United States District Court, Southern District of New York ("Court") determined that a Preliminary Injunction against such further issuance was unavailable because, as a threshold matter, the Court lacked jurisdiction over Ironridge.
Last night, Richard Kreger of Ironridge advised NewLead that Ironridge would like to reinstitute funding. We advised Ironridge that NewLead will not accept any further funding, as NewLead previously provided a default notice and terminated the relationship because of Ironridge's numerous breaches, (including failure to provide necessary collateral). Any funds received from Ironridge will either be held as security for NewLead's damage claims in the arbitration, or returned.
Mr. Michael Zolotas, Chairman and Chief Executive Officer of NewLead, stated "We believe that the Court should have accepted jurisdiction to prevent Ironridge from continuing to inflict harm on NewLead through its exercise of 'self-help', pending the outcome of the arbitration. However, we intend to vigorously defend our interests and pursue our claims for significant damages caused by Ironridge's many bad acts, breaches and misrepresentations. We remain concerned that Ironridge has been and will continue manipulating the stock of NewLead based on irregularities in Ironridge's disclosed and undisclosed brokerage relationships and have informed the relevant authorities of these concerns."
Michael Zolotas continued, "We urge other people who are considering whether to do business with Ironridge, and their affiliated principals, John Kirkland, Brendan O'Neil, Richard Kreger, and Keith Coulston, to carefully consider Ironridge's course of conduct ?with NewLead, as well as other companies who have instituted suits against Ironridge. While Ironridge presents itself as a long-term institutional investor on its website and in conversations with companies, its conduct has proven that it is unconcerned about the impact of its actions on the health of the company and solely concerned with its profit."
Just a thought here. Some of you are commenting on how many shares you have. Let's make the numbers easy and say you have 20 million shares. If SVFC hits 50 cents, which we all know it could one day soon or in the future, you're sitting on 10 million dollars. Let's say you've averaged up or down and you're 20 mil shares sits at .0035. That's 70 grand. Has it ever occurred where a person invested 70 grand..the stock shot up.. And now sits on 10 million dollars? That seems like an impossibility to me. I don't know why. That would be an enormous return on your original 70 grand investment. Is that even possible? Has anyone seen this before in their investing career?
What would a buyout do to the PPS in your opinion?
Oh how much I'd love to see SVFC open Monday morning at .50 or something along those lines. Possibly one day soon
Hypothetically if the ruling comes out at 3PM then the case is over isn't it? Which would mean the last update referring to the case would literally be today at 3PM. I doubt the Scroll server doesn't update after 3PM leading people to believe that at 3PM the last update will occur for the day. If the ruling is at 3PM, then Intellicell would most likely create a PR after hours considering the market closes an hour after
Perhaps that means at 3PM an update will come up. Possibly at 3PM the ruling will come out? Not sure