Fibrocell Science Inc (FCSC)

[scmfinance]

well, you got a clue about the financial train wreck in the PRE 14A that was filed yesterday -- i just noticed it today.

looks like the a/s will increase, but more importantly they're seeking approval to permit a reverse split should the board of directors choose to move forward with it. note, they are not saying one will occur, but previous personal experience dictates this will more than likely move forward at some point within the next year, especially given the financial train wreck. their rationale is for an uplisting off the otcbb, which frankly i don't view anywhere near as important as building out the facility and generating revenue.

i doubt most saw this filing yet so i decided to take the loss before the panic sets in. i'll still watch and will probably jump back in at a later date.