Intellicell Biosciences Inc (fka SVFC)

[BigBadWolf]

Just got a nice little reality slap from SVFC in my email. Yes, it is old news! So old that some newbies here might need to read it for their edification.

Note the references to YA and Dominion. The terms of the conversions are spelled out here for everyone to see and appreciate.

In both cases, the balances due are convertible by the three lowest trades over the 20 trading days prior to the conversion date. Should either YA or Dominion decide to convert now that would mean dividing the amount due by 48.5% of 0.001 (didn't we hit that 3 times? Oh well, close enough.), or 0.000485, to get shares due.

Foregoing the interest accumulation, we have the following:

YA = $2,100,00 due. So: 2,100,000/0.000485 = 6,329,896,907 shares due.

Dominion = $746,091.66 due. So: 746,091.66/0.000485 = 1,538,333,320 shares due.

So between YA and Dominion , we can account for 7,868,230,227 shares of the 10 billion A/S. With the current 2,355,075,373 shares outstanding we would have 10,223,305,600 shares issued.
YA also has the right to purchase another 400 Million shares, as stated in the email.

Bottom line, if these guys choose to convert now, it looks like we're in for another A/S increase just to cover these two obligations along with current O/S.

As of the date hereof, the Company currently has outstanding a secured convertible
debenture to YA Global Investments, L.P., a
Cayman Islands exempted company (
“
YA Glo b a l
”
), in the principal amount of $2,100,000. Such secured convertible debenture
shall mature on or before March 11, 2015 and shall accrue interest at an annual rate equal
to 7.5%. At any time, and at its sole
option, YA Global shall be entitled to convert a portion or all amounts of principal and interest due and outstanding under t
he
debenture into shares of Common Stock at a price equal to 48.5% of the average of the thr
ee (3) lowest prices per share of
reported trades (not on the same day) of the Common Stock on the OTC Markets or on the exchange which the Common Stock is
then listed as quoted by Bloomberg, LP during the twenty (20) trading days preceding the conversion
date. The Company also
issued a warrant to YA Global entitling YA Global to purchase up to 400,000,000 shares of Common Stock. The Company has
reserved 1,500,000,000 shares of Common Stock to honor its obligations under said secured convertible debenture a
nd warrant.
5
The Company also has outstanding a convertible debenture to Dominion Capital LLC (
“
Dominion
”
) in the principal amount of
$746,091.66, whereby the Company has agreed that it will keep reserved no less than one and one
-
half times (1.5x) the amount
outstanding on the Debenture and execute a transfer agent instruction letter confirming the same. Such
convertible debenture shall
mature on or before March 24, 2015 and shall accrue interest at an annual rate equal to 7.5%. At any time, and at its sole op
tion,
Dominion shall be entitled to convert a portion or all amounts of principal and interest due and
outstanding under the debenture
into shares of Common Stock at a price equal to 48.5% of the average of the three (3) lowest prices per share of reported tra
des
(not on the same day) of the Common Stock on the OTC Markets or on the exchange which the Comm
on Stock is then listed as
quoted by Bloomberg, LP during the twenty (20) trading days preceding the conversion date.

most worthy of a re-post as FACTS are just that FACTS
thanks S.