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Guilt precedes a guilty conscience. So, absolutely NOT
hey, you started this on Oct 26 - check it out
Aimed at someone in particular?
Seriously, do you read any posts that other people put on this board?
Here is your answer:
https://www.sec.gov/alj/aljdec/2017/id1145jsp.pdf
Thursday, June 8, 2017 trade volume shows 3,899,999 with a trading range from (low) 0.00005 to (high) 0.0001
Securities de-registration on June 12, 2017 if they don't reply. Good luck trying to find a dealer to trade them after that.
https://www.sec.gov/alj/aljorders/2017/ap-4845.pdf
Skull and crossbones on OTC Markets - no market data indicated.
Yes, I'm also curious about that. Did anyone else find that "interesting" as well?
Was I really late?
roxyboro
Tuesday, 05/16/17 04:01:15 PM
Re: shawnb post# 90781
Post # of 90791
SVFC DUE for delisting? Is ZERO land on the horizon? ALL IMO.
I just wanted to let people here on ihub know what was the latest 'news' from OTCMarkets regarding SVFC
CAVEAT EMPTOR - BUYER BEWARE!
https://www.otcmarkets.com/stock/SVFC/quote
SVFC DUE for delisting? Is ZERO land on the horizon? ALL IMO.
No need to apologize. This 'journal' looks like some news aggregator/click bait site - way too many of them out there and very easy to get caught up in something like that.
As soon as I read it, I remember somebody posting it here in back in July 2014. And when I saw the photo of Chris Johnson in a NY Jets uniform and it said he was 28, I knew something was up. He was traded to the Arizona Cardinals after the 2014 season and is now 31 years old.
Like many here, I would like nothing more than for this company to start showing signs of life so I can (hopefully) get my $20 grand back out of this very unwise investment.
But rehashing a three year old article in something called "The American Journal" is absolutely no indication of that.
But if you guys are about to rev this pig up with some buying, be my guest. I'll be looking to get out. Give us something real, Doctor Victor.
Reprint from July 30, 2014
Its almost word for word:
http://bleacherreport.com/articles/2146084-chris-johnson-opens-up-about-stem-cell-treatment-with-the-mmqb
The desperation on this board is now getting to the extreme
The link to the website selling the reports makes it sound impressive.
What is interesting is that "company is no longer in business."
Not my opinion, its what you're told when you ask for 'Intellicell Biosciences' after you call 212-249-3050.
This is the phone number listed on Intellicell's website under the Investors Relations tab.
Perhaps, but a clown with a TV show and a VERY large following nonetheless.
Like I said, it is what it is.
Coming later today from Dr. Oz
Which court case are you referring to? There are too many to keep up with...
Any links to the court information?
On Sept 12, Intellicell sends a rep to ask questions at the FDA hearing. And then on Sept 28, the european patent application gets transferred to I-Cell LLC. Intellicell, the pubic entity listed on the OTC, may not own anything anymore
https://register.epo.org/application?documentId=EZI6LZAY6237DSU&number=EP11854049&lng=en&npl=falsel
The EU patents, as well as any others, no longer belong to this company, or Dr LookGood for that matter. They have been assigned to YA Global and then to I-Cell. Read the previous posts from last week.
You couldn't make this stuff up if you tried.
https://www.google.ca/maps/@37.7959922,-122.407061,3a,49.4y,358.28h,84.93t/data=!3m6!1e1!3m4!1sxeY6CVLSbyh7HztbURigDw!2e0!7i13312!8i6656!6m1!1e1?hl=en
I-Cell, LLC is a California Limited-Liability Company filed on February 22, 2016 . The company's filing status is listed as Active and its File Number is 201605810094.
The Registered Agent on file for this company is Legalzoom.Com, Inc. (C2967349). The company's principal address is 722 Jackson Ave Apt #5, San Francisco, CA 94133.
Re: your first comment, I think you may be referring to the Ironridge financing and litigation, which has long passed and the company survived it and any fall out.
On the second, if the CEO didn't purchase Directors and Officers liability insurance, the executives are in real trouble with the SEC and FINRA. ALL public companies listed on any exchange/otc market that declare themselves 'current' must have this in place, or have had it in place at one point in time.
Either expand and/or specify on your comments, or I won't take you seriously.
No it wouldn't. There would be no assets and no cash in the company to pay out any liabilities, both debt wise and legal.
Yes, if it only worked that way...but it doesn't.
Dr Victor pledged all the assets, both physical and the intellectual property, to YA Global as collateral for the toxic convertible debt. Until that debt gets paid out, or totally converted to equity (ie, common stock in SVFC) the assets belong, in effect, to YA Global.
If, IF!, Dr LookGood exchanged his special class of preferred shares that give him total control of this public company in return for those assets pledged, then YA Global gets control of this public shell (without the assets and intellectual property) and Dr. LookGood owns his 'technology' again privately.
No change in share structure, and we remain here with the same shares in this public shell without those assets.
But, like I said before, I'm not sure this has happened and nobody else is either (with the exception of YA Global advisors and the executives of SVFC), because of the lack of information coming from both Dr. LookGood and YA Global. This is the reason there is a 'STOP' sign with the message of "OTC Pink NO INFORMATION' warning on the OTC Markets website for stock quotes.
First of all, I'm not 100% sure Intellicell is now private, but with the lack of communication from them regarding the public filings, the evidence is starting to point in direction.
And what is there "to get away with" here, and what does the SEC and the law have to do with it? Intellicell vended itself into a public shell company that was named China Wireless with some private transactions and a swap of assets, so to speak. What is preventing YA Global and Dr Victor from doing the same thing in order for him to 'get out' of this public company?
My sentiments exactly, JMO.
rxy
The answer to that could be rather simple, if we apply Occam's razor.
Dr. LookGood is still the CEO of a private company named 'Intellicell', and that is the one that is still 'in business' (and now expanding into Asia?).
YA Global Advisors have taken control of this public shell with the symbol 'SVFC' listed on the OTC markets, most likely by some sort of private arrangement and asset swap.
I'm taking that approach if I decide to average down (again!) at this price level.
There's even more to this case, actually. Not only is there a $1.298M judgement in favor of Sterling National Bank, our good Dr LookGood now has another judgement filed against him by his two former partners in the amount of $400,000, and that's in addition to the $62,500. All Dr. Victor had to do to avoid the $400k judgement is pay the 62 grand that HE HAD AGREED TO, according to court records. He's not even good on the promises HE GIVES TO THE JUDICIAL SYSTEM!
Check the New York State Supreme Court records, active case # 650540-2014. I guess we know where some of the money from the toxic financing went...or is going to go to.
(I'm glad the margin man brought up this $62.5k judgement, because it made me do some more DD.)
Regarding Sterling National Bank, is the $62k over and above the $1.298 Million dollar judgement the bank won and has filed against our CEO Dr Steven Victor? (assuming, of course, he is still the CEO of the public shell company)
So you think they have one in NY state? Please provide the link...
I was all over this 2 months ago
roxyboro Wednesday, 02/03/16 08:13:15 PM
Re: envirogym post# 89083
Post # of 89412
How's this for a negative assumption:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=QeV5YJsrjGxDwCHWzDnw6A%253d%253d&nt7=0
Its Roxy to you, spyro-gyro, and you don't speak for 'this site'.
It is a typo.
You pulled the info from a newswire press release from January 2012 and/or the Regenastem website.
I did my DD and actually made a few phone calls to verify the typo and their status as plaintiffs.
Um well, no.
Regenastem was the former Canadian licensee who is now one of the plaintiffs suing Intellicell and Dr. Victor.
https://www.pacermonitor.com/public/case/7913546/Sexaur_et_al_v_Intellicell_Biosciences,_Inc_et_al
And this means what to SVFC shareholders?
Because we're all working overtime...
http://www.fda.gov/BiologicsBloodVaccines/NewsEvents/WorkshopsMeetingsConferences/ucm462125.htm
The agency also intends to schedule a scientific workshop to gather information from manufacturers of cell based products, clinical researchers, and other stakeholders regarding the generation of scientific evidence to facilitate the development of safe and effective cell based therapeutics.
That lawsuit, 'Sexauer et al v Intellicell' is corporate in nature. In general, it has to do with contract law and its a tennis match between the lawyers hitting pleadings and motions over the net to each other trying to run up the legal bill. Good Dr. Victor, like any other penny stock exec with half a brain, is probably judgment proof so, no matter who wins, nothing much is going to change.
But, this is the one to keep an eye on:
https://www.pacermonitor.com/public/case/4388489/Young_v_Intellicell_Bio_Science_Inc_et_al
The former QA manager and Mfg director for SVFC has a bone to pick with the good Dr. Victor, and you can bet the FDA is going to be keeping watch over these proceedings.