New York State Court Grants Stay in SVFC Behalf Regarding Auctioning of Assets Last Updated: Aug. 09, 2013 - 5:50pm EST
(NEW YORK)--WSNC has learned late Friday New York State Supreme court had granted a stay in Intellicell Biosciences, Inc. (OTC:SVFC) behalf regarding possible auctioning of assets Monday, August 12, 2013.
According to the company, NY State court has issued a two week stay to block any move in regards to any possible auctioning of company assets on Aug. 12, 2013, as had been speculated since recent 8K filing late last week. This stay guarantees their will be no auction or move to make claim on any assets of SVFC, and as plans to settled this matter out of court move forward.
The company is anticipated to file an 8K filing pre-market Monday to reflect this decision in Intellicell's favor, and more information may become available over the weekend. To receive updates on this developing story register to our SVFC mailing list at http://www.wallstreetnewscast.com/request/svfc.html
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.