US Stem Cell Inc (USRM)

[Dragon Lady]

This must be a joke... LOL !!!

NO FREAKING KIDDING ! HOLY COW.

Oh gawd, ANOTHER USRM (Bioheart) ole "classic" if there ever was one, eh?

I've done about 15 minutes digging/researching and HOLY COW, as you stated- you gotta be freaking kidding? Is there no end anymore to how far, how desperate this USRM "thing" is now going to get? This is as odd-ball screwy as they've done yet, and that's saying a lot IMO.

It's really a classic PR about nothing (the usual for Bioheart per my experience)- as there's no money changing hands, nothing really occurring, no real business transaction, just a bunch of fluff to generate a freaking "PR" looks like to me.

What the freak does this even mean, "Biotech Products Services & Research, Inc. Subsidiary Signs New Referral Agreement With US Stem Cell Clinic"

LOL !! ANOTHER "agreement" signed. Just like "non binding term sheets" and all the other bull crap over the years. No dollar figures given, no financial info, no details, but a "agreement" whatever that means, LOL????

AND, on a 15 minutes worth of research, HOLY CRAP- look at this "Biotech Products Services & Research, Inc. Subsidiary" thing (they have a "subsidiary" LOL !!!) - it's like a few people in a tiny rented office "suite" in Florida, but they got a "subsidiary" by golly, LOL !!

http://www.bpsrhealth.com/

Here's their last 10-Q and it's as "penny-ville" as it gets IMO. As you stated Poor Man- they barely trade, as in they're shares are highly ill-liquid and look to be some screw-ball outfit (probably a shell corp deal of some sort) as they had a UK "trike-bike" selling outfit portion but hey, now they supposedly do freaking STEM CELL "medicine" or something like that, LOL !!! What the blank? Bicycles in the UK to now Florida "stem cell medicine" or whatever? If that ain't penny-ville, OTC classic- then I don't know what is?

http://www.sec.gov/Archives/edgar/data/1557376/000147793215006678/bpsr_10q.htm

That's their last 10-Q, and yes, financially they're a total train wreck, close to no assets, about a $100K in cash, etc. $61K of revenues and $366K of losses, LOL !! Not much of anything there but debt and borrowing- just like ole USRM.

10-Q, PAGE 7:

"BIOTECH PRODUCTS SERVICES AND RESEARCH, INC.
(formerly BESPOKE TRICYCLES INC.)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
JULY 31, 2015

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

Biotech Products Services and Research, Inc. (formerly Bespoke Tricycles Inc.) ("BPSR" or the "Company") was incorporated on August 9, 2011 in the State of Nevada. The Company consists of two main lines of business: 1) the designing, manufacturing, and selling vending tricycles for commercial customers and; 2) the referral of cellular therapies for treating neurodegenerative, inflammatory and autoimmune conditions for patients all over the world.

We operate through the following wholly owned subsidiaries: Bespoke Tricycles, Ltd., a company organized under the Laws of England and Wales; Beyond Cells Corp., a Florida Corporation formed with a business purpose to provide anti-aging and cellular therapy patient referral and product sales; BD Source and Distribution, Corp., a Florida corporation with a business purpose to sell cellular therapy products to doctors and hospitals; and Ethan New York, Inc., a New York Corporation formed with a business purpose of selling clothing and accessories through a retail store.

Our main revenue stream is generated from patient referral and product sales through our Beyond Cells Corp. subsidiary. We also generate revenue from our Bespoke Tricycles, Ltd. subsidiary. As of July 31, 2015, we have not generated revenue from our BD Source and Distribution Corp. or Ethan New York, Inc. subsidiaries.

On August 9, 2011, Bespoke Tricycles Inc. purchased all of the issued and outstanding shares of Bespoke Tricycles, Ltd. from John Goodhew, our former sole officer and a current director, in exchange for 90,000,000 shares of our common stock. On May 29, 2015, Albert Mitrani acquired controlling interest of BPSR through the purchase of 135,000,000 shares of common stock from John Goodhew and subsequently became a director and the sole officer of BPSR.

On September 17, 2015, the Company completed an eighteen-for-one forward stock split. The consolidated financial statements reflects a retroactive adjustment for the forward stock split."

PAGE 9:
"NOTE 3 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company had limited revenues since its inception. The Company currently has negative working capital and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management's efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

NOTE 4 – INVENTORIES

Inventories totaled $2,918 and $10,693 at July 31, 2015 and October 31, 2014, respectively, and was comprised of tricycles and related component parts.
"

BINGO- found one of the key lines, they really just became what they are on freaking June 24th of 2015. Looks like they took the shell of the UK bike company and this present CEO dude bought or acquired the shares somehow and SHAZAM, suddenly they're a public traded "stem cell" whatever, LOL !!

PAGE 12:

"On June 24, 2015, Albert Mitrani consummated the purchase of 135,000,000 shares of our common stock from John Goodhew. The shares represented 87.8% of the issued and outstanding shares of the Company on a fully diluted basis. The purchase price for the shares of $40,000 is payable by Mr. Mitrani to Mr. Goodhew on June 24, 2016.

On June 24, 2015, in connection with the consummation by Mr. Mitrani of the shares from Mr. Goodhew, Mr. Goodhew resigned from all his positions as an officer of the Corporation and Mr. Mitrani was appointed President, Chief Executive Officer, Treasurer and a director.

As a result of Mr. Mitrani's control, the Company established three additional wholly-owned subsidiaries: Beyond Cells Corp., a Florida corporation formed to provide anti-aging and cellular therapy patient referral and product sales; BD Source and Distribution, Corp., a Florida corporation to sell cellular therapy products to doctors and hospitals; and Ethan New York, Inc., a New York corporation to sell clothing and accessories through a retail store.

The Company consists of two main lines of business: 1) the designing, manufacturing, and selling vending tricycles for commercial customers, and 2) the referral of cellular therapies for treating neurodegenerative, inflammatory and autoimmune conditions for patients."

So the entire "company" looks like it was bought for about $40K bucks, LOL !! One dude in England sold what was left of his "tricycle" company looks like and they have till 2016 to pay the guy the whopping $40K bucks they owe him LOL- and then this Mitrani guy takes over who now invented this "stem cell" whatever business in Florida and a freaking NY "clothing" whatever. HOLY COW. Good gawd, you can't even make that up??????


PAGE 15:

"Going Concern Consideration

The Company incurred a net loss of $388,426 for the nine months ended July 31, 2015. In addition, the Company had a working capital deficiency of $348,645 and stockholders' deficiency of $346,921 at July 31, 2015. These factors raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

The Company believes that it will need approximately $1,672,000 to fund its expenses and execute its business plan over the next twelve months. There can be no assurance that additional capital will be available to us or available on terms favorable to us. If additional funds are raised by the issuance of our equity securities, such as through the issuance and exercise of warrants, then existing stockholders will experience dilution of their ownership interest. If additional funds are raised by the issuance of debt or other equity instruments, we may be subject to certain limitations in our operations, and issuance of such securities may have rights senior to those of the then existing holders of common stock. If adequate funds are not available or not available on acceptable terms, we may be unable to fund and develop our business.
"

HOLY CRAP, tricycles and then cellular blah, blah and then some screw-ball NY clothing whatever, LOL !!! You can't make this up, it's amazing to say the least.

Their "stem cell" thingy "business" website looks like the domain was purchased only months ago in May of 2015. So that's how long that website has existed looks like to me- birthed from the purchase of the tricycle company I guess???? WOW, wild stuff.

What a freaking classic. This is gonna take hours to dig into all the possibilities here? I wanna see when this Florida corp was set up and by who and when the website went up and all that kind of stuff. This is wild to say the least.

They're incorporated in Nevada. Here's the Nevada Secretary of State site: Another classic micro "corporation" looks like to me. It's got ONE person as President, Secretary, Treasurer and Director, LOL!! The ole ONE PERSON corporation trading as a public company- stunning. Again, about as OTC, aka penny-ville as I've ever seen.

Enter: BIOTECH PRODUCTS SERVICES AND RESEARCH, INC.

https://www.nvsilverflume.gov/businessSearch

It's stunning that Bioheart at one time was at least sort of some kind of legit medical R&D firm and had employees and a science staff and managed to pull off a few clinical trials and whatnot- but now they're down to a sub penny, screwy mish-mash of some "clinic" thingy and selling kits or whatever and a vet thing that's never been heard of again and endless "agreements" and PR of "deals" based on no money (The tattoo thing, who happens to be the guy they supposedly hired to run their vetbiologics thingy, never heard of again in the last several SEC 10-Q filings) - and NOW THIS, LOL !! HOLY COW.

It's like the lower the share price and market cap goes- the more screwy and odd-ball it all gets. I guess that's not unusual though for OTC sub penny-ville. I mean when your market cap hit $300K this week (25 CENTS a share) and you have almost no cash and live on toxic convertible debt with a few people left in a tiny rented suite in Florida- I guess one can't really expect too much, LOL!!

Wowza again is all I can say. They've jumped the shark fa sure IMO. I mean wild to say the least. It's getting more bizzaro by the freaking day it seems.