Replies to post #63488 on Intellicell Biosciences Inc (fka SVFC)

[ADVFN_franknstein]

Hello VC, i think if SVFC is still OTCQB it's even better.

Companies Currently Traded on OT CQB
OTC Markets will roll out the new procedures for
OTCQB over the course of a year. Each company
will be required to comply with the new OTCQB
procedures 120 days after its Fiscal Year End
(“FYE”). Companies that do not comply with the
new procedures within the required timeframe
will be downgraded to OTC Pink.
Companies with a March 31 FYE will be the first
group of current OTCQB companies subject to
the new requirements and will be required to
comply with the new OTCQB standards by July
31, 2014. The rollout will be complete when the
last group of current OTCQB companies with a
FYE of March 30 are required to comply on July
30, 2015.
http://www.otcmarkets.com/content/doc/otcqb-fact-sheet.pdf

FYE for SVFC is Dec 31, 2014. If i'm not completely wrong this means SVFC has 120 days after that date to fill the requirements (Apr 30,2015).

The only thing confusing me is that otcmarkets.com shows them already as PINK Limited.