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Just been thinking about what's happened over the last few weeks and have a few thoughts which I'll share...
We know there is one litigation case still to be formally settled and if other comments are accurate, this is the BIG one which could have a major impact on IFCRs ability to remain solvent or move towards bankruptcy.
We had HH saying just before the holidays that we might see the filings before Christmas (the fact that we didn't is not that important) but the fact that he used the word 'might' suggested that there was something going on which was impacting the filings.
People have already speculated that withholding the findings and not making IFCRs financial position available could have been a deliberate action to prevent the financials weakening any potential bargaining position (IFCRs making how much - then we want more from the settlement kind of reasoning)
The A/S was increased - could be to pay the settlement, yes it's more dilution but it clears the litigation and gets it off the balance sheet - that would be very useful if they wanted to attract corporate investors.
The website is released - not a massive thing but in the context of a company that could have been heading down the bankruptcy route, it would be a colossal waste of money. The fact that they've gone ahead and released the website, along with the other snippets of information makes me think the same as several other people have mentioned, that the litigation is either close to being settled or has been finalised.
Momentum - we've seen a number of PRs which have caused the share price to move up temporarily and then fall back to previous levels. I'm sure DF and HH are aware that a concerted stream of information will be needed to get the share price away from where it is so I personally expect to see more releases in the coming weeks.
Please feel free to challenge, just my personal thoughts based on what I've seen over theist few months...
Per Ardua Ad Astra
So why are you here then?
Sell up any shares that you have and write it off as a tax loss and then there's no need to waste any more of your energy calling Hank or David or writing posts on this board.
That's what I would do if I was so utterly frustrated at what is going on but since you're still hanging around and posting when nothing is happening, you must have some interest in this stock - perhaps you want to buy at 1 and then flip when the good news comes and you start saying how wonderful things are.
The sad thing is that most people have recognised this and ignore your posts...
Happy 2016 when it comes, I hope you find some better stocks to invest in...
You're all forgetting that he's not getting paid, he's taking his salary in shares which according to a lot of people are next to worthless - that doesn't sound like he's getting paid at all.
He's probably got more to lose than any of us 'retail' investors and so it's in his best interests as well as ours if the company does well.
My only concern is that he's taking preferred shares which wouldn't be affected by any R/S in the future.
The other thing is that if the A/S stays at 2Bn with an O/S in the region of 1.5Bn, theres a chance that bigger institutional investors could amass more than 50% of the available shares and take over the company. Increasing the A/S to 5Bn allows the management to train control of the company as they will also control the remaining shares that have not been issued (if 1.5Bn issued that would give them control of 3.5Bn and therefore the majority).
Don't forget that an A/S of 5Bn doesn't mean that they will all be issued, just that they're available - of course there'll be some extra dilution but not necessarily up to the 5Bn A/S.
Still believe that the delay in filing is because of outstanding litigation discussions and I guess these extra shares may be used to settle the case. I'd rather be debt free with no outstanding legal proceedings, at least then they can get on with turning the company around and setting the foundations for the share price to increase - that's what we al want right???
Thoughts anyone???
Per Ardua Ad Astra
I feel sorry for David and Hank, they desperately want the SP to rise and get some of their own money back.
PLUS
I imagine they are getting fed up with people slagging them down because of what is happening with the SP.
I hope that when we begin the climb up, they sit there with a beer in their hand, a big grin on their faces giving those doubters that said the company was dead, a big fat finger...
Maybe we can get them to take a picture and post it for us longs...
Per Ardua Ad Astra
My thoughts exactly JB.
I wouldn't tip my hand to the opposition if I was trying to negotiate a reduced settlement...
Would be absolute madness to do so, especially if my company is making millions in PROFIT
OK, so the green light is there to commence human trials.
Unless they've jumped the gun a little, they still need to get resources place for surgeons to use during the trials and to train them on how to use AC5.
I'm not saying that these things will be difficult to achieve but this close to the holidays - my guess is that trials will start in the New Year...
Morning all and greetings from across the pond in Europe...
Just reading the latest posts and trying to understand why things are happening the way they are.
I'm asking myself why the quarterlies and financials haven't been filed and am considering the benefits of not doing so.
We believe that the company cannot pay all of its' outstanding debts (we don't have recent financials but we do have an idea that it's making profit - but we assume that it's not enough to settle all debts).
I wouldn't be surprised if they're holding back on releasing financials as they're negotiating debt restructure as we speak and don't want to give away any material facts about how the company is performing.
There are no real significant effects of not posting financials (yes it's annoying shareholders and probably causing some peeps to sell up and move on) but it won't stop them attracting new institutional investors if they really wanted to - they can show them the financials and I'm sure discussions will also include debt management which will allow a potential big investor to do their DD satisfactorily.
I'm not condoning actions that the company has taken but I think there are much bigger things happening here - shareholders are a small part of the equation here, getting the company back on track is far more important than simply appeasing all of us.
The mechanics of becoming current is relatively easy and pretty much guaranteed once the outstanding reports are filed, so why worry unduly, it will happen when it happens...
Thoughts anyone???
Per Ardua Ad Astra
Sorry G&L, I didn't mean to bust your a**, just keen to understand what's happening with things, especially as they seem to be pretty important...
Have a great weekend...
To be fair to Cburg, the 10K doesn't go into a huge amount of detail about the litigation yet we hear that the end of the world is going to happen for IFCR.
If it's that desperate a situation, what exactly is happening with the litigation, can someone spell it out rather than just saying 'look at the last 10k'...
Mitch, you're right, it COULD be as early as next week - the problem we have is that some people could assume that it WILL be next week and if it doesn't happen, they call DF and HH lowlife, liars, POS scum etc etc etc.
And the person that posted HHs comments is one of the biggest offenders...
I really hope the filings do come out next week but we have heard that they will be filed 'soon' on more than one occasion. It will happen when it happens, hopefully sooner but fingers crossed...
Per Ardua Ad Astra...
Stockpro my comments was based on ysungs post (16664) and was being conservative...
Hopefully they will be filed earlier but I don't want to raise anyone's hopes...
Good weekend...
Per Ardua Ad Astra...
Hopefully within the next 3 weeks...
What makes you say that - all we've had from DF and HH is that it's hopefully going to happen before the holidays and that's 3 weeks away...
Why is it important G&L, been in this stock for a while and haven't heard anything...
We're still here GMS, just letting all the newbies spread the word about how undersold this stock is and how crazy it is that a company with so much potential, generating so much revenue can have such a low share price...
Good point and I'm sure he did the necessary DD before the acquisition.
I'm not an auditor but if I was taking over the responsibility for auditing a company, I would probably insist on a visit to satisfy myself of the starting point for future work that I would undertake.
Seems a reasonable request rather than relying on what someone else has told me - after all, I would be signing my name to confirm that any future audit is correct.
That makes me think that the new auditors are concerned with their credibility and reputation and will probably be highly professional in what they do but again, I'm not an auditor...
It's easy to formulate a number of different opinions from the situation - I could be wrong but equally, you could be as well - are you open enough to accept that you could be mistaken with your comment - I accept that I could be in the wrong here...
So you say that you're posting the truth.
The TRUTH is that we don't actually know what is happening because we've had minimal information from the company other than e-mails and telephone calls to and from company execs.
Only last week people were claiming that the second audit hadn't been completed, we now know that it it has and the third audit, of the latest acquisition is taking place imminently.
The saddest fact is that you're so deluded that you actually think that you're posting the truth.
Your posting history is interesting because one minute you're saying positive things, the next you're slating the management for being liars, scam artists etc without one shred evidence.
I can understand that a lot of people are annoyed because their position is down or they've sold and lost money and post critical comments with some degree of fact to them but you're behaving like a petulant child throwing a tantrum because you're not getting what you want.
That's life my friend, "you can't always get what you want" to quote the Rolling Stones, but it's not about what happens to you that matters, it's how you conduct yourself and how you bounce back...
Per Ardua Ad Astra
Like many other people have said before, sell up, shut up and go elsewhere...
Who is saying that they don't have enough to pay the auditors? Post 16153 suggests they might have already paid them.
What do you want - this is a pink stock which mike many other companies has cash flow issues, doesn't mean it's not generating revenue or profit, just that it takes time for invoices to be paid by clients to then allow IFCR to pay their bills.
If you want more stable financials then go invest in big league, cash rich companies - forgot that they won't give you the potential return that a pinkie will...
That's a fair comment and is based on the information contained in the last 10K.
Whilst we don't have any financials from this financial year YET, I'm making an assumption given that there have been no new lawsuits filed to my knowledge and the planned acquisition went ahead with effect from 1st July.
I doubt that would have went ahead if there were serious problems.
Just because we don't have financials doesn't mean that the company isn't generating revenue, just that we're all in the dark about how much revenue...
Really...
Doubtful given that the company is generating in excess of 25 million dollars revenue from operations...
Good comments G&L, you're right about the shareholder concerns - for this beast to fly there needs to be a new injection of shareholders - I will certainly sell if we get anywhere close to 1.5 cents per share...
Thanks for the update JB...
Is your opinion on when we may see a PR or filings based on your conversation with DF - not after understanding what was said, more whether he gave an indication of when he expects release information...
I understand if you don't want to answer the question, I appreciate that conversations we often have with people are not for disclosure...
Good weekend to one and all...
Per Ardua Ad Astra
I understand Saratg, there is too much speculation, disinformation and personal opinions flying around this board - individuals have to make up their own minds what they believe is happening with IFCR.
My personal opinion is that things will good happen this side of Christmas - the filings will happen and we'll see an increase in revenue in the 2nd quarter due to the last acquisition, the new website will be released and there may be news of additional acquisitions and investors coming on board.
Who knows what will happen in 2016???
Yes it has been completed...
I spoke to someone 'in the know' two days ago...
Won't say anymore as I was asked not to...
Inventiv - hmm, could be as it confirms the links with Raymond Hill and we know that there was a PR a while ago about using them as the clinical research organisation for trials.
Whether it's Andrews or Inventive, it's still a powerful organisation to partner with going forward...
Only time will tell, stay long and strong my friend...
Ler Ardua Ad Astra...
People are making an assumption that the audits are not finished - they might be done and the company is keeping quiet about it to manage the filing and other PRs in a co-ordinated way.
What is the biggest incentive to being up to date with filings - to be 'current, and why is that? To attract investors in order to continue with planned acquisitions, which we know are in the pipeline.
Once the audits and filings are all prepared and signed off, it would be relatively easy to show the completed documents to potential investors to prove that they're done, which will trigger any investment deals and allow acquisitions to be finalised.
The filings are a small but necessary part of much bigger things for IFCR and we simply don't know what is happening so to speculate that things are dire is not appropriate guys - I understand the frustration but that's actually doing more damage than good.
The site visits HAVE been completed, let's just wait and see what unfolds in the next few weeks with regards to audits, filings, acquisitions etc etc etc......
Per Ardua Ad Astra...
I'm not expecting anything today - it would be wasted unless the attention is to get people talking and anticipating next week...
You're absolutely correct, whether people agree or disagree is not important, what is important is when they post malicious comments about this stock and the management team which will force people away from investing and this stock will need new investors when the price goes up because many will rightly sell to take their profit.
If I was in DF or HHs position I would wait to release information until I had sufficient material to kick start the SP upwards, it makes absolute sense as other PR s have had little impact on the SP.
IF we're nearing the turning point for this stock, we may well see a number of releases co-ordinated together in quick succession. I respect your point about how you perceive DF was behaving when you spoke to him, perhaps he has a lot on his mind at the moment...
Fingers crossed that we see information coming out next week - have a great weekend and think about how you'll spend your profit...
Can I disagree with you on the 'lost' comment...
I think there's a real sense of frustration with the delay in finishing the audits as it's out of the management's hands but I think it's also played into their hands to some degree.
There are a number of people who regularly post negative comments on this board (I'm not having a go at them and I understand their feelings) but any PR from the company is met with an attack on the company and DF has expressed his reluctance to publish releases as they have had little effect on the SP.
Again this points to my suspicion that there will a sustained PR campaign once everything is in place and remember that the 10Q for the second quarter is due next week so these new mails from DF kind of lend support to my suggestion...
I hope for all of us investors that we start to see a move upward - I know a lot of people have either lost money or are down on their positions and the company is due some mojo after all they;ve done to turn this baby around...
My thoughts only, have a great weekend when it comes...
Been saying for a while that there will be an integrated PR campaign to get the SP moving up...
I wouldn't be surprised if the audited 10K, late 10Q and the 10Q that is due around the middle of November are issued in quick succession with news of additional acquisitions and the new website.
I think that IFCR will be in a different place by the end of November - my opinion only folks, please feel free to challenge...
Could be but I would like to add a comment regarding the accuracy of the tests which are being disputed in the lawsuits.
If you watch the presentation/video that LJ posted, Joshua Hackel (a leading orthopaedic clinician working at the Andrews Institute) seemed to be quite familiar with the Intellicell method of isolating the stem cells.
If this is the case, you'd think that he would have done his homework to prove or confirm that the Intellicell method works and that the numbers of stem cells produced was accurate, otherwise he's setting himself and the Andrews Institute up for a lot of criticism and I can't imagine James Andrews allowing that to happen.
Also remember that the guys filing these lawsuits have a personal agenda (we don't know what it is) and could be looking for an out of court settlement perhaps and as the company is hard pushed for cash, they might accept a payment in shares instead - wouldn't that be nice, especially if things start to develop here.
This just my opinion but there are so many different possibilities and multiple agendas playing out here, the lack of communication from the company means that none of us really know what is happening...
Thoughts???
A good article on stem cells, how they're prepared and used but it is out of date LJ...
According to the new FDA regulations, the Intellicell process currently does not meet the criteria for 'minimal manipulation' which means that additional research needs to be carried to demonstrate that use of the Intellicell prepared SVF is safe to use.
Personally I disagree with the way these new regulations have been written but they are there and Intellicell needs to work with these guidelines and hopefully challenge them, especially if they're working with Andrews at this anonymous research facility in the South East US.
I still believe that the future is bright and that investing in Intellcell will reap rich rewards for us all, we just have to be patient and wait...
Per Ardua Ad Astra
Then we disagree on what the future holds...
We have such a low SP because the debt has been cleared with share issues leading to dilution as well as MMs and other parties deliberately and maliciously driving the price down. I'd rather invest in a company that is debt free and deal with the dilution through an RS when the time is right.
There seems to be a lot in the pipeline for IFCR in terms of additional revenue through acquisitions, a new website etc etc and I don't think it will be too long before we see a rise in SP.
I'm sorry you've lost out, I guess that the risk we expose ourselves to when we invest in pennies - done the same myself in the past but I am confident about this one....
I believe that I will go up but I don't know when...
When the European patent is granted plus the new lab comes online in South East USA (potentially at the Andrews Institute but that's not been confirmed - my opinion only) I think we'll see some movement.
One of the challenges we have is that we don't know how much dilution has taken place since we last heard from them...
REALLY, this is a 20+ million dollar company, it's not going bankrupt.
No-one will benefit from that outcome, especially the management...
REALLY, this is a 20+ million dollar company, it's not going bankrupt.
No-one will benefit from that outcome, especially the management...
I appreciate your concerns, I'm down at the moment (more than you are but that's not the point) but I've held on to my position as I believe it will turn around and generate me a nice tidy profit on my investment...
So why did you sell then, the evidence is there - this company is profit generating and will potentially get better based on acquisitions, debt cancellation and restructure etc...
I do wonder why some people invest in pink stocks and then whinge when they don't get huge returns overnight.
If you want a strong management team with big financials, go invest elsewhere...