To the Holders of Common Stock of Intellicell Biosciences, Inc.:
On June 24, 2014, the Board approved an increase in the number of authorized shares of Common Stock from Three Billion Five Hundred Million (3,500,000,000) shares of Common Stock to Ten Billion (10,000,000,000) shares of Common Stock (the “ Authorized Share Increase ”) and recommended to the Majority Stockholders that they approve the Authorized Share Increase.
Sso now its 10,000,000,000 (BILLION) shares the bagholders are going to have to swallow (among other things). Bon Appetit!
You needed preferred shares to vote. Hey according to IHUB it's still going to the moon and this was all a big plan to shakeout retail. The MM are going to take this to .05-.10 soon. Of course the retail thing seems and easy answer but looking at everyone's claims they must have a billion and a half shares tied up at IHUB alone.