US Stem Cell Inc (USRM)

[Dragon Lady]

STILL...GOING CONCERN LIQUIDITY WARNINGS !!

AND NOW, they got the FDA all over their lil clinic biz like stink on a bad monkey and likely huge future legal bills....HOLY COW....does it ever change at this 2 CENT SPECIAL (recent SUB 2 CENT !)....actually .00002 "real price" per share when slit-corrected for the Nov 2015 MASSIVE 1-for-1000 REVERSE SPLIT....and BILLIONS of shares issued like toilet paper....WOWZA....

PER JUST ISSUED, Aug 2017, SEC FILED 10-Q, ALL WORDED IN THAT 10-Q !

I agree with Snug, I mean it was in TRIPLE ZERO SPECIAL land, with them ole "revenues", but didn't change their LOSSES and constant "NEED FOR MORE FINANCING" to survive or their GOING CONCERN WARNINGS...which is just what this most recent SEC 10-Q just repeated AGAIN, per Sr Mgt's own SEC FILED (not bloggy-ville) commentary. SHAREHOLDER DEFICITS, huge CURRENT LIABILITIES...and they somehow..somehow..just somehow..never, ever, ever "manage" to payback and pay-off ole Northstar...gee wonder why that is...and on and on and on....same old to me....

I mean, what the H has really changed? Their SG&A expenses have ballooned, keeping them NON PROFIT and racking up massive losses and keeping a big ole GOING CONCERN WARNING????

https://www.sec.gov/Archives/edgar/data/1388319/000118518517001674/usstemcell10q063017.htm

PAGE 12: (JUST FILED SEC 10-Q, MOST RECENT, Aug 2017)

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

The accompanying condensed 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 six months ended June 30, 2017, the Company incurred net losses of $2,896,674 and has a working capital deficit (current liabilities in excess of current assets) of $5,409,586. These factors among others may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.

The Company’s primary source of operating funds in 2016 and 2017 has been from revenue generated from sales and cash proceeds from the sale of common stock and the issuance of convertible and other debt. The Company has experienced net losses and negative cash flows from operations since inception, but expects these conditions to improve in the second half of in 2017 and beyond as it develops its business model. The Company has stockholders’ deficiencies at June 30, 2017 and requires additional financing to fund future operations.

The Company’s existence is dependent upon management’s ability to develop profitable operations, to obtain additional funding sources and realize revenues from the Asset Sale and Lease Agreement described herein. There can be no assurance that the Company’s financing efforts or revenues realized from the Asset Sale and Lease Agreement will result in profitable operations or the resolution of the Company’s liquidity problems. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern."

PAGE 23:

"Our Ability to Continue as a Going Concern

Our independent registered public accounting firm has issued its report dated March 15, 2017, in connection with the audit of our annual 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 and Note 2 to the unaudited financial statements for the period ended June 30, 2017 also describes the existence of conditions that raise substantial doubt about our ability to continue as a going concern."

PAGE 32:

"At June 30, 2017, we had cash and cash equivalents totaling $929,690. However our working capital deficit as of such date was approximately $5.4 million. Our independent registered public accounting firm has issued its report dated March 15, 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 and Note 2 of our unaudited financial statement for the quarter ended June 30, 2017 addresses the issue of our ability to continue as a going concern."

LOOKS LIKE A BAD BROKEN RECORD REPLAY TO ME....what the H has changed? No matter what comes in, in "top line" revenues, they spend just that much more. NO PROFITS...BIG OLE LOSSES...and a big ole GOING CONCERN WARNING....same old....nothing to see here for me....read it all since at least 2010, LOL !!