Replies to post #77432 on Intellicell Biosciences Inc (fka SVFC)

[Y_Razz]

Because the recent financing deal with YA global indicated that a R/S is not allowed until the maturity of the finance agreement. Therefore, we still have lots of time before management can even consider an R/S.

Besides, they don't need to do that right now. It's not the priority.

$SVFC

[Y_Razz]

(h) Corporate Existence . So long as any of the Convertible Debentures remain outstanding, the Company shall NOT directly or indirectly consummate any merger, reorganization, restructuring, reverse stock split consolidation, sale of all or substantially all of the Company’s assets or any similar transaction or related transactions (each such transaction, an “ Organizational Change ”) unless, prior to the consummation an Organizational Change, the Company obtains the written consent of each Buyer. In any such case, the Company will make appropriate provision with respect to such holders’ rights and interests to insure that the provisions of this Section 4(h) will thereafter be applicable to the Convertible Debentures.

End of the R/S debate. It won't be happening anytime soon.

[trebeg]

gonia, let's put that rumor to bed because it makes no sense. One of the reasons for the increase in A/S was to pay off debt. With that being the case doing a R/S would not accomplish a thing. Common sense suggests a R/S is not happening because it isn't needed. The PPS will rise on its own in due time. Things are getting done behind the scenes and with so much in the pipeline a R/S is the last thing the company will need to do. All IMO. SVFC$$$$