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IntelliCell BioSciences, Inc. Message Board

svfcauctioneer 6 posts  |  Last Activity: Aug 26, 2013 8:42 PM Member since: Aug 5, 2013
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  • 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.

  • IntelliCell BioSciences, Inc. failed to place $600,000 in escrow by August 12, 2013, as ordered by the New York Supreme Court to be held as a condition of continuing the foreclosure sale. On August 13, 2013, the Court ordered IntelliCell to pay to Ironridge all principal, interest and attorneys’ fees due under the note by August 14, 2013.

    If payment is timely received, Ironridge has agreed to withdraw the notice of foreclosure without prejudice, reserving all rights and remedies under the loan documents. If IntelliCell again fails to make the required payment, the foreclosure sale will proceed at 10:00 am on Thursday, August 15, 2013, as follows:

    Sale Date: Thursday, August 15, 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 6:00 pm Eastern time on Wednesday, August 14, 2013. In addition, qualified bidders will be permitted to participate by telephone. In the event that IntelliCell pays all principal, interest and attorney fees due under the note by August 14, 2013, the notice of sale will be withdrawn without prejudice. All qualified bidders will be notified prior to the time of sale if this occurs.

  • 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.

  • Subject to court order, the public auction of all assets of IntelliCell BioSciences, Inc. has been adjourned one day to Tuesday, August 13, 2013, at the same time and place, as follows:

    Sale Date: Tuesday, August 13, 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 Monday, August 12, 2013. In addition, qualified bidders will be permitted to participate by telephone. If you desire a waiver of the minimum bid deposit requirement, please indicate the basis for such request in your statement of interest.

    A copy of the debtor’s patent, Ultrasonic cavitation derived stromal or mesenchymal vascular extracts and cells derived therefrom obtained from adipose tissue and use thereof, can be obtained on the USPTO website.

    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.

  • svfcauctioneer svfcauctioneer Aug 5, 2013 4:27 PM Flag

    The notice is contained in The New York Times online classified ads and The New York Times print edition under business opportunities:

    http://listings.nytimes.com/BusinessDirectory/List_Listings.asp?CategoryID=BIZDIR&SubCatID=1010

  • svfcauctioneer svfcauctioneer Aug 5, 2013 1:48 PM Flag

    http://listings.nytimes.com/BusinessDirectory/View_Listing.asp

SVFC
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