Intellicell Biosciences Inc (fka SVFC)

[cazual]

Thanks Skunky! But I would like to get some clarification as to why this should even cause "concern". My understanding has been this;

This applies to new companies and/or those that want/qualify for up-listing to OTCQB.

For those currently trading on the OTCQB;...ex., SVFC,

Quote: Begining May 1, 2014: Bid Test: All current OTCQB companies that do not meet the minimum bid test (minimum bid price of $0.01 per share as of the close of business for at least one of the previous thirty consecutive calendar days will be removed from OTCQB beginning May 1.

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

So, if SVFC closes at .01 for a single day in April, they will keep their OTCQB status...which, of corse will not be a problem:)

****After May 1st, for companies currently trading on OTCQB;
Quote: OTC Markets will roll out the new procedure for OTCQB over the course of a year. Each company will be required to comply with the new OTCQB procedures 120 days after its Fiscal Year End ("FYE").

If SVFC meets the above Bid test, then it will have to meet the new requirements (to be developed within a year) beginning on 4/30/15. If the bid does not close above .01 for one day in April they will be down listed to a lower tier.

But here's the thing Skunky...SO WHAT,... IF....they get down listed...my question is, why the concern? It will not affect the fundamentals. The only potential thing is that a lower tier historically was for companies that did not meet the disclosure/filing requirements...But by April, SVFC will have a full time CFO and he/she will take care of the filing/transparency requirements...since that is one of the things that a CFO does...and the only reason for down listing will be because the OTC changed the rules and the bid test was not met...so, what is the exact reason for concern and why should this cause difficulty in breathing??? TIA:)

GO SVFC $$$$