Intellicell Biosciences Inc (fka SVFC)

[gempicker]

Ah, I think these conversations are starting to shed some light..

2 agreements likely now ..

The first being a financing to wipe out debt. Probably done via preferred shares that guarantees a certain % ownership of this company, so that would not pressure common shares. Probably 15 million or more.

The 2nd agreement points towards a reverse merger or business combination. Could again be added financing attached but likely some strategery involved.

Why the destruction of the common stock??? This is what pisses me off. Rather than stop conversions during final negotiations of above, they allow them to take place and yes it reduces some debt where more of the new money can go to funding company activities, and yes new shareholders may be needed on board... But they sell out the past shareholders.. Yes, all things point to a monster run, but most likely half a penny to a penny will be as far as this can reach. A far cry from potential 6 months ago.

From my perspective it is poor leadership and a precedent that haunts.. Whatever new money and new leadership that is entering here would be very wise to quickly repair.