Intellicell Biosciences Inc (fka SVFC)

[BigBadWolf]

The company didn't pay it's TCA/Ironridge bill. Shareholders are going to pay for the bill and as it turns out, shareholders will be paying MUCH MUCH more than the original amount.

That $535k check presented in court to "pay off" Ironridge...the company got that money from Dominion (parent of Hanover).

And as we learn from the 8-K filed on March 28th:

http://www.sec.gov/Archives/edgar/data/1125280/000101376214000304/form8k.htm

The cost wasn't $535k. It turns out the total amount is $746k.

Now take into account this is a convertible note with over a 50% discount rate, the total cost to shareholders will be at least DOUBLE that $746k after Dominion completes their conversions or $1.492 million.

And if that wasn't bad enough, throw in the dilution from 100s of $$Billions $$of $$new $$shares and it's plain to see SHAREHOLDERS are footing the bill and getting kicked in the rear end for good measure.

If there were ever a time where insiders could have and should have stepped up it was when that $535k check had to be presented in court and they did NOTHING but shift the burden to shareholders for their poor financial management.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10376191