Public Auction of IntelliCell BioSciences, Inc. Assets
Subject to court order, the public auction of all assets of IntelliCell BioSciences, Inc. has been adjourned an additional day to Wednesday, August 14, 2013, at the same time and place, as follows:
Sale Date: Wednesday, August 14, 2013
Sale Time: 10:00 a.m. Eastern time
Sale Place: 405 Lexington Avenue, 26th Floor
New York, NY 10174
The deadline for submitting a statement of interest has been extended to 5:00 pm Eastern time on Tuesday, August 13, 2013. In addition, qualified bidders will be permitted to participate by telephone.
In the event that IntelliCell BioSciences, Inc. places $600,000.00 in escrow by August 12, 2013, the sale will be further adjourned two weeks to Tuesday, August 27, 2013, at the same time and place. All qualified bidders will be notified prior to the time of sale if this occurs.
Excuse me but SVFC has placed the required amount in Escrow. No explain to me just how this is going to work if the court decides the parties to be paid and orders said party to accept payment ? Does this mean you still intend to auction all of the company?
Likewise you have been ordered not to disturb the status quo of the company. This would include broadcasting the auction as well.