Intellicell Biosciences Inc (fka SVFC)

[ImOnABoat]

To anyone who is still confused about what transpired today:

The A/S is 1.5B and the CEO has 1M of preferred shares that can instantaneously give him control equal to 1B of common shares. So 1B of common shares is how much he can freely issue without losing control of the company at the moment. Previously, he could only do 500M, and so today's filing indicates that this has likely been exceeded already, so he had to increase his control share to 1B to maintain it at the level or above the number of common share OS.


That is all there is to it.