Intellicell Biosciences Inc (fka SVFC)

[TheSkunk]

Since I am one of those concerned with the May 1st bid test, I am extremely interested in getting clarification on this from OTC Markets.

I didn't find the post you referred to but I believe it would be referencing the section on the right hand side of the page named Companies Currently Traded on OTCQB in their fact sheet. Just scroll down tot he bottom of page 1 under TIMING.

http://www.otcmarkets.com/content/doc/otcqb-fact-sheet.pdf


If one reads that section referred to above, it sounds like the only current companies required to meet the new procedures are those with a FYE date of March 31st, 2014. Those companies have 120 days to meet the new procedural requirements which would be July 31st, 2014.

If we consider SVFC has a FYE of December 31st, 2014, then they would have 120 days from that date to meet the new procedural requirements or April 30th, 2015.

What isn't clear is the distinction between what the new procedures are and the bid test.

Why would they put up a May 1st, 2014 bid test deadline for current OTCQB companies when the only companies being held to that test (FYE March 31st, 2014) don't have to meet it until July 31st, 2014?

I'm not certain bid test and new procedure compliance are interchangeable. That's what is confusing.

So I have emailed OTC Markets a second time to get clarification for the situation for SVFC. The first time was to ask about a current OTCQB company and should it not meet the May 1st bid test and what would happen and what would the company need to do to get back on OTCQB from OTC Pink and the time it would take to accomplish that.

I'll be glad to post the original email and reply from OTC Markets as well as their response to my follow up question. Or better yet, why not email them yourselves so there will be no doubt in anyone's mind as to what could happen and when.

FWIW-I received an answer to my email within 24 1/2 hours from the time it was sent. So there is definitely someone or multiple persons triaging email inquiries.

I hope like Hell they don't have to close above a penny by May 1st, 2014. I'd breathe a heckuva lot easier.