Intellicell Biosciences Inc (fka SVFC)

[BigBadWolf]

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.

not Victor quite clear on that point actually

The annual expenses for rent/utilities/office related services are 647,803 and this divided by monthly comes to just over $53,000 (steep, but that's what a Park Ave location costs in NYC)....yet Intellicell (we) is only required to pay 60% of the 53,000 monthly. This also seems to be very reasonable, fair, and generous of Dr. Victor...wouldn't you agree?

No as it is quite an abuse of SVFC public company funds to to afford Victor & Regen Medical (where the money has gone) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97681218 a Park Avenue address
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We have also paid approximately $2.1 million towards the construction and infrastructure costs for the office space where our laboratory and corporate office are located on Park Avenue in New York, NY, which space is leased by our chief executive officer.

btw that underline section also proves Victor is NOT the landlord but the lessee of which SVFC guaranteed any & all obligations to the landlord Victor leases from


Again proving beyond any reasonable doubt that Steven Victor used public company funds for personal gain/private practice


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9509877 page 30