On March 7, 2014, Intellicell Biosciences, Inc. (the "Company") filed an amendment to the Company's articles of incorporation with the Secretary of State of the State of Nevada (the "Amendment"), to increase the Company's authorized common stock from one billion five hundred million (1,500,000,000) shares of common stock to three billion five hundred million (3,500,000,000) shares of common stock. The Amendment also changed the par value of the Company's authorized common stock from $0.001 per share to $0.0001 per share.
This is old news. We have known about the share increase for many weeks. The reason for the pop in the pps is that we are expecting news "very soon" and we expect that the shares will be used for a partnership/ non dilutive financing or JV