Back at the time all of this Ironridge stuff first hit the court, the board was speculating about the identity of this mystery investor. I and others were convinced that it was Hanover bailing out the company. It made sense because Hanover was in the middle of getting all of those 100+M shares. It was in their interest to stop Ironridge from auctioning off the company.
One other telling fact that pointed to Hanover was pointed out by a poster (wish I could recall who it was). The poster said that the law firm that was used to hold the Intellicell money in escrow (I think their name was Robinson Brog or something like that) was actually a law firm that was used by Hanover. I believe that firm was actually listed on a Hanover web page.
I did a search and found this old post of mine that clears up my foggy memory:
Srchn41 Member Level Saturday, 09/07/13 09:35:15 AM Re: stervc post# 21607
Post # of 34158
Just keep in mind that SVFC is getting bailed out here by an "investor" who is determined to be anonymous. Ironridge, I think, has a pretty good idea that the "investor" is their nemisis Hanover, hence their attempts to uncover his identity. I have always suspected it to be Hanover, and poster Erfky uncovered a link between Hanover and the attorney Danovitch who is associated with the firm Robinson Brog that is/was holding the "investors" money in escrow.
Bottom line is there will be a price to be paid to the "investor" for this bailout. We can only wait for that shoe to drop. I suspect the price will be a large stake in the company. JMO.
Avoid wearing a wet leather helmet. It shrinks as it dries and creates tremendous intra-cranial pressure that may affect investment decisions.