US Stem Cell Inc (USRM)

[Dragon Lady]

Quote LOL, "Hypothetically USRM could be a holding company that owns several private operating companies, llc's and have up to a majority membership but not 100%.

That is how I see the company structure, but they can own 100% of an LLC. "

WHAT???????? LOL !

Uh....they HAVE ALMOST NO ASSETS and a ton of liabilities, LOL !!

SO what is this fantasy "HOLDING COMPANY" actually "holding" of any value, which is THEE DEFINITION OF A "HOLDING COMPANY" ???? Where's these supposed "holdings" shown on their SEC filed financial statements- with links and page numbers??? Not gonna find um, as they DO NOT EXIST, LOL !!

It makes ZERO SENSE and is totally false and incorrect per all standard business norms. If one backs-out their cash on-hand off their balance sheet- they "own", aka "hold" almost NOTHING, or close to NOTHING. No sub businesses, no real estate, no major investments, nothing. WHAT DO THEY "hold" supposedly?

THAT, ain't a "holding company" of anything, LOL !!

Here's what their SEC filed bad financial reality looks like- again, WHERE ARE THE ASSETS, which they should be loaded with, if they were a fantasy "HOLDING COMPANY"???

https://www.sec.gov/Archives/edgar/data/1388319/000118518517001014/usstemcell10q033117.htm

Most recent SEC 10-Q, PAGE 4:

TOTAL ASSETS: 1,385,561

Total CURRENT LIABILITIES: 6,615,197
(That's liabilities due in 1 yr or less)


(Total assets of which $650K was cash and inventory, aka meaning not "hard assets" they own, but cash they are burning and consuming as they are a NON PROFIT COMPANY that makes no money, and never has since their inception. The bulk of that cash on-hand only existing because THEY SOLD-OFF one of their only "assets", their stem banking biz. So w/o that transaction, and the $608K lease-back "asset" appearing now in the asset column, they'd have almost no assets, and they didn't increase their assets over their prior 10-K, except for cash from the lease-back/asset sale, and lease-back equipment "asset" appearing, but one for which they make no money, as they sold the customer rights for $50K additional cash and a non-compete clause to boot. Also, their total liabilities INCREASED to $6.6 million, a gain of almost exactly $500K, the amount of their lil ole lease-back deal cash infusion. Again, they GAINED NOTHING in terms of "hard assets" or anything they actually "own")

https://www.sec.gov/Archives/edgar/data/1388319/000118518517000574/usstemcell10k123116.htm

Most recent SEC filed 10-K, PAGE 42:

"At December 31, 2016, we had cash and cash equivalents totaling $270,720; our working capital deficit as of such date was $5,834,548. Our independent registered public accounting firm has issued its report dated March 8, 2017 in connection with the audit of our financial statements as of December 31, 2016 that included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern.

As of December 31, 2016, we had $7,829,111 in outstanding debt."

PAGE F-13:

"NOTE 2 – GOING CONCERN AND MANAGEMENT’S LIQUIDITY PLANS

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements during year ended December 31, 2016, the Company incurred net losses of $2,070,386 and as of December 31, 2016 has a working capital deficit of $5,834,548. These factors among others may indicate that the Company will be unable to continue as a going concern for a reasonable period of time."

Again, WHAT EXACTLY DO THEY "HOLD" supposedly LOL??? WHERE ARE THE ASSETS? WHERE??

HOLDING COMPANIES are "ASSET RICH", this one ain't, and it ain't a "holding company", not by a million miles seems to me. Not even close, LOL !