Ocata Therapeutics Inc fka OCAT

[Dragon Lady]

LOL LOL !! Quote, "LOL Quote in Ref. to Bluebird... It has ZERO debt ..... HUH HUH HUH OCAT has ZERO DEBT AS WELL...... HUH HUH....YUPPERS...... LOL
"

AND, OCAT IS CASH BROKE for all intents and purposes, LOL !! Really !! Yes !! Their own 10-Q says so- it's a HOOT !! $300 MILLION Bluebird COLD HARD CASH and lil ole OTC convert OCAT has the Lincoln credit card to "draw on", but ONLY in tiny, incremental "draw downs".

Most recent filed 10-K, PAGE 16:

"
Other than our arrangement with Lincoln Park, we have no sources of debt or equity capital committed for funding. Recent attempts to raise capital in the public equity markets have proven unsuccessful, and we can provide no assurance that we will be successful in any future funding effort. The timing and degree of any future capital requirements will depend on many factors, including:
"


Same 10-K, PAGE 16:

"We will require substantial additional resources to fund our operations and to develop our product candidates. If we cannot find additional capital resources, we will have difficulty in operating as a going concern and growing our business."

Same 10-K, PAGE 16:

"Our independent auditor’s report for the fiscal year ended December 31, 2014 includes an explanatory paragraph regarding substantial doubt about our ability to continue as a going concern.

Due to the uncertainty of our ability to meet our current operating and capital expenses, in their report on our audited annual financial statements as of and for the year ended December 31, 2014, our independent auditors included an explanatory paragraph regarding concerns about our ability to continue as a going concern. Recurring losses from operations raise substantial doubt about our ability to continue as a going concern. If we are unable to continue as a going concern, we might have to liquidate our assets and the values we receive for our assets in liquidation or dissolution could be significantly lower than the values reflected in our financial statements. In addition, the inclusion of an explanatory paragraph regarding substantial doubt about our ability to continue as a going concern and our lack of cash resources may materially adversely affect our share price and our ability to raise new capital or to enter into critical contractual relations with third parties."

Same 10-K, PAGE 46:

"We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheet of Ocata Therapeutics, Inc. and Subsidiary as of December 31, 2014, and the related consolidated statements of operations, stockholders' deficit, and cash flows for the year then ended and our report dated March 16, 2015 expressed an unqualified opinion thereon and included an emphasis of a matter paragraph relating to an uncertainty as to the Company’s ability to continue as a going concern.

/s/ BDO USA, LLP
Boston, Massachusetts
March 16, 2015"
"

Oh, now THAT IS A HOOT !! Take the latest OCAT 10-Q and count the number of times TWO VERY PARTICULAR WORDS ARE USED, "GOING CONCERN" (nice business-speak for being ill-liquid and CASH POOR, ie close to BK aka INSOLVENT aka can't pay one's bills in a timely manner when they come due as there is NO CASH arriving fast enough to match the rate at which the creditors demand to be paid and NO, it's not "boiler plate" SEC filing language, blah, blah, blah).

SEARCH HIGH and SEARCH LOW in the Bluebird Bio 10-K or 10-Q and see if the words "GOING CONCERN" ever appear- cause you know, they have $300 MILLION PLUS in cold hard cash banked, and no DEBT, LOL.

Yuppers, it's a HOOT, how many times those words GOING CONCERN appear, cause you know, cause OCAT supposedly has "no debt", LOL. They instead just have MASSIVE BILLS and enormous OVERHEAD BLOAT TO PAY but little to NO CASH at any given time, unless they can dilute and sell and dump shares hopefully fast enough to match those ole pesky bills (DEBTS) coming due. Yuppers !!

All the best, KIRK