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At this point it is "if". Investors have no certainty that it will be filed, and there is plenty of ambiguity surrounding the connection between ReGen Medical and Intellicell. There is uncertainty regarding the financial structure and relationship between the two. Most of all, there is uncertainty regarding the commitment to holders of common stock in Intellicell.
One could survive and one could go away. It may happen to resolve the debt issue. We can admit that this uncertainty exists and the outcome may be very negative to current holders of common stock (not that it hasn't been already) or we can just keep saying it will be fine.
Tomorrow, they will have missed the late filing deadline by one month. Under any circumstances, that is irresponsible.
Maybe you could ask envirogym. He posted a few months back that the Board of Directors was a veritable "Who's Who" list. Perhaps he will share with you his findings.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109251274
We, as shareholders, are remarkably out of date and if fully appears we are also remarkably out of importance to this company.
It appears the Board of Directors is composed of 5 people. Four of them are shown on the website, and one (Raymond Hill) is not shown on the website but has been PR's as being on the Board of Directors. The rest are listed as members of the Board of Advisors. That is supposedly how Dr. James Andrews fits in. Whether this is current or not, who knows.
It also states that Michael Herschman is an expert on matters of "transparency". Perhaps he can give you a better answer since he has expertise in transparency and accountability. In the amount of time it took me to type this message, they could have provided you with a better response, but they don't respond to shareholders emails. As you said, it is tantamount to sending requests to vapor.
Board of Directors
Leonard Mazur, COO Triax, Interim COO of IntelliCell BioSciences
Steven Victor MD
Michael J. Hershman
Mr. Hershman is an internationally recognized expert on matters relating to transparency, accountability, governance, litigation and security. President and CEO of the Fairfax Group, a company he founded in 1983, that has been retained by governments, corporations, law firms and international financial institutions to assist on matters relating to the consult of senior-level officials and/or the entities with which they do business.
Sam Khashman
Mr. Khashman, CEO and Founder of Technology Partners, Inc. - (dba IMAGINE Software) is the visionary who leads the team to excellence. Mr. Khashman also currently holds positions as the Treasurer of InfraGard National Members Alliance (INMA) and an Advisory Board Member for the U.S. Chamber of Commerce. Previously, up until 2012, he was on the Advisory Board of InfraGard National Members Alliance (INMA) and a Board Member of the National Chamber Foundation.
Medical Board of Advisors
Dr. James Andrews, The Andrews Institute
Dr. Harold Bafitis, The Plastic Surgery Institute of The Palm Beaches
Dr. Peter Bruno, Internist, New York City
Dr. Greg Cavaliere, Orthopedic Surgeon, NY Rangers
Dr. Gil Chimes DC, DICBN, CCSP, CSCS Greenwich Sports Medicine in Greenwich, CT
Dr. Sydney Coleman, Tribeca Plastic Surgery, New York City
Dr. Mathew Cooper Aventura Chiropractor, Aventura, FL
Dr. Alberto Goldman, Plastic Surgeon, Brazil
Dr. Joshua Hackel, The Andrews Institute
Dr. Anthony V. Maddalo, Orthopedic Surgeon, NY Rangers
Dr. Frederick Nicola, D.I.S.C. Sports & Spine Center, Marian del Rey, Oakland/LA Raiders
Dr. Eric Richter, Neurologist, Chief LSU Health Sciences Center
Wilson Tawe, PhD, MBA Manager - Instrument FAS (North America) @ EMD Millipore
Dr. Nicholas Toscano, Periodontist, Editor in Chief JIAD
Mr. Kevin Wilk, PT, DPT The Andrews Institute
Don't worry shivas...everything is fine...just fine. Things are humming along at break neck speed. The chicken is in the pot and the bud is on the tree. Communication is overrated. Rapid growth soooooon!!!!!
LOL. Yea, sure they will. Maybe a billion times this level.
Looks like more bills have come due.
Depends on the type of news. If they release news announcing a new management team, resolution of toxic debt, a steady revenue stream, approval of the EU patent, a share buyback, a plan to better communicate with shareholders, and a few other things, then YES. If the news is fluff and stuff and addresses any other exiguous issues, then NO.
There are no after hours or pre-market trades in the pinks. They are Form T trades that occurred during regular hours. The reason some show up the next day and look like a pre-market trade is that they were posted after 5:00 p.m. the previous day.
Just more dumping on the bid. Here a dump, there a dump. Dumps on the bid and a growing ask. Nothing positive there, but very typical of the past many months.
You would think that anyone who had super, double secret inside information that guaranteed a chicken in every pot would share it so this stock could get off the pot.
They are no more absurd at this point than the daily comments that everything is fine. Clearly, something is wrong and that is backed by the FACT that this stock has flat lined at .0001 for months and the company is not communicating or meeting any reasonable level of financial filing. Of course, you have your right to continue to defend a company that won't even give its shareholders the time of day.
News!!!!! From this company is as scarce as hen's teeth.
Don't worry. Word on the street is that they are busier than a one-legged man in a butt kicking contest. All will be fine.
Well then....to the mooooooonnnnn it is.
LOL. Urgent priorities? So urgent they can't give a simple update to shareholders in the face of a 98% decline in share price? Urgent, but not urgent enough to keep our CEO from posting the latest updates in the world of cosmetology. What a company...and folks are still buying what they are selling.
Is Carol out of prison yet?
Common shareholders of penny stocks don't get reimbursed. They just learn a lesson.
All wishful thinking not backed by the reality of the manner in which this stock is trading. By the way, toxic financing is not the cause of the problem, it is the symptom of the problem.
Folks have been saying "soon enough" for a long, long time. All indications are that it won't be soon. Looks much more likely that this has hit a significant roadblock and attention of those in charge is focused elsewhere.
My check is in the mail. Can't think of a more qualified company when it comes to recycling waste.
Oh brother. I duly note the reprimand for my reckless comment of "invest accordingly". By the way, since you are digging and reading between the lines, my comment was about pink sheets stocks....all of them.
There are no legal requirements for pink sheet stocks to provide status updates to investors. In fact, they are not even legally required to file quarterly or annual updates with the SEC. It's caveat emptor on display. Invest accordingly.
Well, I will refrain from your language, but it is not a question of whether shares are being added to the bid to dilute. It is a question of what happens when they are there. Follow now Gannicus? Or are you more comfortable sticking to your growing bid story as a sign of company strength...like you did at so many higher share price levels that were also dumped into?
Yep, but some BS opinions are less BS'ier...
"We are provided office facilities and related services by a company owned by Steven Victor, our chief executive officer, for which we paid between $10,000 to $15,000 per month. We have recorded rent and utilities expenses of $467,803 representing our portion for the year ended December 31, 2012. We have paid or accrued such rent expense since inception. On June 1, 2011, a company owned by Steven Victor, our chief executive officer, entered into a 13 year lease for new office space located at 460 Park Avenue, for which we unconditionally guaranteed any and all obligations owed under the lease to the landlord. In connection with the execution of the lease, we established a restricted cash account in the amount of approximately $650,000 to secure a line of credit to be used as a security deposit under the lease. We estimate we will pay approximtely 60% of the approximately monthly lease of $53,000 and utilities per month to sublease office space from the company owned by Dr. Victor."
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9509877
It's really not that complicated Gannicus. Games get played with the bid and ask. Folks get interested because they believe the ask is dropping and the bid is building...a few go at 2 and then 1 gets dumped on. Shares are hidden, and shares magically appear. It's been going on for months, and it occurs on many stocks at this level. There are always folks willing to load at .0001 thinking they will strike it rich.
On the other hand, there are longs trying to convince themselves (and others) that the smart money is accumulating for the big run. Of course, the big run often does not occur. Claims of accumulation and the big run have been put forth on this board for months. Since that time, the stock has dropped to this level and the share count has increased.
Now you can poke a bit of fun at those pointing out that shares are being added to pay bills. In fact you can even tell them that "you can do better than that". Unfortunately for you, documentation shows this has occurred with this company in the past and it may very well be occurring now.
Almost as funny as claims that folks are "loading up" for the big run. Claims that have been made for months on end starting with much higher prices. As you said ROFLMAO. All this accumulation....month after month after month and here we are...at .0001. Guess these great accumulators felt that their money would be better off in a stock that has done nothing but decline to the point of no bid. Good post Gannicus.
Or more dilution to pay a few bills at Regen.
No problem. How can you not be confident? This baby is fine and is going to the mmooooooonnnn!!!!!!
One can be relaxed and realistic at the same time. Being critical of a stock is not a sign of one who is not relaxed...unless one must only claim that things will be fine in order to be relaxed.
You keep saying "we'll be fine" when in reality neither you or anyone else on this board knows. Now either you have inside information to confirm your statement or you are shooting in the dark because you own many shares. If it is the latter, then your assessment is not backed by the reality of the manner in which this stock is trading.
Shares continue to be dumped at 1 month after month. The company is delinquent in its filing of an annual report. There is no stated resolution to the toxic debt. The company has gone dark in its communication of any relevant information. The share structure is ugly, and the CEO appears to be more concerned with his private business (which he is in part funding with this public business) than he is with the common shareholders of this company.
Those are not signs of a company that is in any manner fine.
Right now it is trading at a pre-split price equivalent of .0000061. Since it split when it was at .0001, I fail to see the nice upward move. In fact, it needs to gain 1.540% to get back to its pre-split price equivalent of .0001.
Confabulation? Great word...defined as a memory disturbance. Right now, I'm a little disturbed about the memory of the day I purchased this stock. I'm quite confabulated.
Sorry to snap your straw, but it is typical of what we have been seeing for months. Every once in a while let the 1's build up and give hope that the ask is falling...then dump on the 1's. Stinks, but one of the games played at this level.
Right now there is very little liquidity. They shouldn't RS because to do so at this level would be the kiss of death for current shareholders. Now, having said that and assuming they are still functioning, they need to pay the bills. Companies with little liquidity or revenue that trade at this level and share structure often do attempt an RS. I am not saying it is smart, I am just saying it is often tried. The usual result is a significant haircut on the day of the split and a steadily falling price from there. I believe this company has done such in the past.
So in summary I would say no, there is no RS on the near term horizon. However, if they continue to go forth as they are going they will have no choice and will have to either RS, go dormant or go bankrupt. Everyone is hoping for a successful technology, non-toxic funding, and revenue. People on this board believe that will happen to varying degrees. Some say it has a snowball's chance in H E double hockey stick of happening while others imply that is is simply a matter of time for a significant reversal.