Replies to post #46215 on Intellicell Biosciences Inc (fka SVFC)

[Jellyfish]

Remember in monopoly the best property was park place and boardwalk. Well lucky for Intellicell there office is in the heart of Park Place!

[cccc17]

Very well answered! Thanks!

[BigBadWolf]

yet here is the actuality

We are provided office facilities and related services by a company owned by Steven Victor, our chief executive officer, for which we paid between $10,000 to $15,000 per month. We have recorded rent and utilities expenses of $467,803 representing our portion for the year ended December 31, 2012. We have paid or accrued such rent expense since inception. On June 1, 2011, a company owned by Steven Victor, our chief executive officer, entered into a 13 year lease for new office space located at 460 Park Avenue, for which we unconditionally guaranteed any and all obligations owed under the lease to the landlord. In connection with the execution of the lease, we established a restricted cash account in the amount of approximately $650,000 to secure a line of credit to be used as a security deposit under the lease. We estimate we will pay approximtely 60% of the approximately monthly lease of $53,000 and utilities per month to sublease office space from the company owned by Dr. Victor. As of the date of the this filing herein, the Company has not finalized the sublease agreement.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9509877 page 39