Public Auction of IntelliCell BioSciences, Inc. Assets
On August 26, 2013, the New York Supreme Court ordered the company to pay to Ironridge Global all principal and interest undisputedly owed. In the presence of the court, the issuer was forced to comply with the order.
Accordingly, the previously-noticed foreclosure sale will not proceed, pending further order of the court. Ironridge Global continues to reserve all rights and remedies, including its security interest in all assets of the debtor and the right to claim additional amounts owed under the loan documents.