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IntelliCell BioSciences, Inc. Message Board

  • athec_99 athec_99 Apr 1, 2014 8:34 AM Flag

    More death-spiral financing for Dr. Botox

    The $2.1 million convertible financing with YA Advisors has no 'floor' price, it is called a ratchet convertible. In the industry, its called a death spiral convertible - not for the company but for the shareholders in the longer term if that convertible does not get redeemed at face value for cash. On Friday, another debtholder, Dominion Capital LLC, converted its $535,000 debt (issued last August) instrument into one of these ratchet convertibles with a new face value of $746,000 with the same terms (or similar) to the $2.1 million issued mid March. Its only a matter of time before an avalanche of shares start hitting the market. SVFC might be setting up for a bounce here, but I'm betting its only going to be a small trading bounce. Then look out below!

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