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That's why I threw it out there, I don't know. Just seemed different then what we've seen previously.
8K on 3 week long $107K note
I found that 8K to be interesting yesterday for a few reasons. First, I don't ever remember seeing them post an 8K whenever they have gotten a new loan/note. So, the question would be why would they post that, and also why would they post it right along with their 10-Q?
Secondly, why would you get a note for such a short period of time? The note was issued on the 8th and needs to be paid off on the 22nd.
Thirdly, why would you get a note that is not payable via equity, as they have with all their other notes, but must be paid with cash?
Lastly, a somewhat interesting provision, "The SPA contains a most favored nation provision and also requires the Company, within one business day after the closing of a transaction or series of transactions resulting in a capital raise of at least $100,000, to pay to the Lender 25% of the gross proceeds as payment toward the Note."
To me, this seems like a way of letting everyone know that cashflow is coming in. Why would they post about a note with terms like this, when they never have done so before, and why would they take a note with such a short period?
Am I completely wrong with this and they could just dilute stock to pay for this? Which if they were to do that, why put out a 8K on the note.
Updated DD list since AUA Conference with links to source
May 20 - Introducing Caverstem at AUA Conference in San Francisco - http://www.caverstem.com/creative-medical-technology-holdings-inc-to-unveil-its-patented-caverstem-procedure-for-erectile-dysfunction-at-international-urology-conference/
May 21 - 10-Q published - http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=12269334&type=HTML&symbol=CELZ&companyName=Creative+Medical+Technology+Holdings+Inc&formType=10-Q&dateFiled=2018-05-21
May 22 - Social media campaign begins(Hired someone for outreach and Dr. Gershman’s social media accounts created) -
Alexander Gershman, M.D. is a Board-Certified Urologist & is considered to be one of the world’s leading Urology experts in the area of minimally invasive surgery. https://t.co/AzauL896wZ #urology #ErectileDysfunction #caverstem #ed #beverlyhills #maleenhancement pic.twitter.com/HGdTrTLcOT
— Institute for Advanced Urology (@GershmanMDLA) May 22, 2018
Dr. Alexander Gershman performing the first part of the #CaverStem Procedure which is Bone Aspiration. #StemCells #ErectileDysfunction #LosAngeles pic.twitter.com/yYznwViH5L
— Institute for Advanced Urology (@GershmanMDLA) June 18, 2018
New Caverstem Doctor - Pernichery Narayan
Very Impressive....
Perinchery Narayan, M.D., Chief Medical Officer
Dr. Narayan is a pioneer in the field of prostate cancer trained at University of Minnesota, Harvard Medical School, University of California,Former Chief of Urology at the University of Florida, Pioneered Cryosurgery for prostate cancer.
Built a mobile national Cryosurgery company, sold to Endocare for several million dollars, subsequently acquired by Healthtronics
Over $1 million NIH funded research-MRI in diagnosis of prostate cancer.
Has patent on MRI Endorectal Probe
National Award AUA - Nerve Innervation of Prostate and Sphincter
Patent- Artificial Intelligence Nomograms in Diagnosis of Prostate Cancer
Published first paper on “Male Lumpectomy- Focal Therapy for Prostate Cancer” now commonly used worldwide
Over 25 years of academic work at universities - Recognition at Academic centers, personal friendship with several hundred urologists in the US
Has published over 180 peer reviewed papers, many on prostate cancer
Principal investigator for Landmark Studies on Flomax - First FDA approved medication for prostate enlargement
https://www.hifusolution.com/copy-of-about-us
I really like the fact they are using pre-established connections (Dr. Buchmann and others in his clinic) to build out a network in those three countries listed. It would seem to me, to be a much more expedient way of establishing a brand in that market.
Hopefully their derivative liability is enough to bring tears to the eyes of those who are still holding stock, lol.
That is my understanding of derivative liabilities as well. I'm willing to stand corrected though.
PR Summary(From My Perspective)
Caverstem US Doctors Announced Since AUA
Elias Said, MD and Mark Bieri, MD located in Las Cruces, NM. (caverstem-nm.com)
Victor Liu, MD located in San Francisco, CA
David Brown, MD located in San Diego, CA
Barton Wachs, MD located in Orange County, CA
Sheldon Freedman, MD located in Las Vegas, CA
Perinchery Narayan, MD at North Florida Urology with offices in Orlando, Ocala, Gainsville, St. Augustine and Palatka, FL.
Caverstem International
Russian contract with Promo Med implementation ongoing
The connection with Dr. Buchmann and Alto Uro in Switzerland is huge, because it is being leveraged to establish a program in not only Switzerland, but Germany and Austria. This seems somewhat similar to the way that the Promo Med contract will be used in all of Russia.
Clinical Trial
Expected to conclude end of August, and then results released with LA BioMed.
Upcoming Conference
Will be exhibiting at AUA Regional Conference in Chicago Sept. 5-9, 2018.
Didn't mention the other things in the article AmnioStem, Stemspine, and debt reduction. As they are just continuing to work on those and didn't really feel they were as big from a discussion standpoint(currently, that could change). The debt reduction is nice, but also what they have to do. It is interesting they took a loan beginning of August with a payoff date end of August and it can't be paid for with company equity. Don't know if that means, they took the loan, knowing they would have cash on hand to pay it off?
Overall, very positive(and needed) PR!
Caverstem Doctor Signup Revenue DD
Noticed this in the 10Q:
Net Cash used in Operating Activities. We used cash in our operating activities due to our losses from operations. Net cash used in operating activities was $409,702 for the six month period ended June 30, 2018 in comparison to $493,222 for the comparable period a year ago, a decrease of $83,520 or 17%. The decrease in cash used in operations was primarily related to a $48,466 increase in accounts payable, a $20,000 pre-payment from a new Caverstem customer, and $38,300 lower payments towards an outstanding balance of management fees payable to a related party.
Which might confirm the DD that has been going around about Caverstem doctors having to pay an upfront fee for Magellan/kits at $20K or greater.
What I'm trying to figure out is where in numbers in the 10-Q is this represented? I'm not that bright, can someone help me out please :)
That helps add a little context.
Lol, I won't argue that point sir!
Spot on!
This is long term and it is an investment. It's not an ATM, where we just win money every single day. For a business to be successful, it takes a lot of things to go correctly(as most of us obviously know), and it takes time. Could CMTH crash and burn, absolutely. Any company could due to a variety of things(mismanagement, market forces - both seen and unseen, poor product, etc.), and especially at this early stage in the game. Investing is saying you think that it is more likely than not that the value of the company will be higher then it is currently. I feel that way about CMTH based on various things(patents, business model, markets they are trying to get into).
3 quick points:
1. Again the actions(not PR's) done by the company since end of May are awesome. Over 50 domains registered now, most since the AUA, multiple offices trained, up and running, many more will be in this current quarter. Creating of International Subsidiary, signed exclusive deal with Russian company for support in Russia(this is one of the largest roadblocks for getting product into the country), currently 9 international domains and Caverstem just today announced the Swiss doctors/clinics that recently signed. Also, the fact they are fast tracking the AmnioStem treatment for Cachexia is awesome.
2. Watching this price action sucks, I agree. Also, a lack of constant information coming from management is not desirable(it also makes me and a few other people have to spend a lot of our time scrounging up the information to provide solid DD). That's their method though, and especially at this point, being as small of a company as they are. My point with this is if given the alternative of all PR's and less of the work I mentioned in number 1, I would much rather have the work and expansion being done in the background and less updates.
3. This stock PPS has fluctuated since I have been in(Feb). I'm confident enough in my research and the work I'm seeing being done to believe that the value of the company will continue to go up and will be much higher 3-6-9 months from now. Commercialization is only going to continue, additional revenue will continue to come in, new markets will open up, they will begin trials on other treatments(rinse and repeat the cycle).
$CELZ International @Caverstem Clinic Signups
Looks like there were a total of 8 new domain registrations on Friday: #Austria, #Bern, #France, #Germany, #Munich, #Paris, #Switzerland, and #Zurich.
Dr. Said/Dr. Bieri's office isn't up and running yet, because they are building out/updating the office space. Dr. Bieri relayed this to me in an email(said they should be ready by mid Sept-mid Oct. You can contact him on the email on the www.caverstem-nm.com website to verify.
Dr. Jacob Rajfer is conducting the trial. We've posted lots of stuff on him a few months ago.
"Chief of Urology at Harbor-UCLA Medical Center, Dr. Rajfer is a Professor of Urology at the David Geffen School of Medicine’s Department of Urology. He received his medical degree from Northwestern University in Chicago, Illinois and completed his Internship at LA County-USC Medical Center, Los Angeles, California. Dr. Rajfer completed a Surgery Residency at St. Josephs Hospital in Denver, Colorado, and served as Senior Assistant Resident in Urology at The Johns Hopkins Hospital, Baltimore, Maryland, where he went on to become Chief Resident in Urology. Dr. Rajfer also served as Research Fellow in Urology at the Johns Hopkins University School of Medicine. He is Board Certified by the American Board of Urology and holds a number of important patents for medical discoveries related to the field of urology."
I went to Johns Hopkins for grad school so I'm partial to anyone who has studied, worked, or taught there.
He was also the person who authored the article in the New England Journal of Medicine in 1992, that brought about the usage of nitric oxide that eventually led to the creation of Viagra/Cialis(https://www.theage.com.au/business/pfizers-big-thing-no-accident-judge-20050212-gdzjpa.html)
http://www.creativemedicaltechnology.com/uncategorized/creative-medical-health-inc-announces-selection-of-uclala-biomed-and-dr-jacob-rajfer-to-perform-a-clinical-trial-on-caverstem-an-intra-cavernosal-administration-of-non-expanded-autologous-bo/
http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=11771017&type=HTML&symbol=CELZ&companyName=Creative+Medical+Technology+Holdings+Inc&formType=8-K&dateFiled=2017-08-28
As to what prevents others from using the procedure on their own, I think that will be determined by patent law. I'm not an expert(or even well read in that area). The patent is particular to bone marrow stem cells, so perhaps CMTH is also leaning on the fact that adipose derived stem cells are not approved by the FDA and likewise do not provide the same benefit that bone marrow stem cells do(from a regrowth of tissue perspective). That is all just my personal opinion though, just a logical assumption.
Updated DD list since AUA Conference with links to source
May 20 - Introducing Caverstem at AUA Conference in San Francisco - http://www.caverstem.com/creative-medical-technology-holdings-inc-to-unveil-its-patented-caverstem-procedure-for-erectile-dysfunction-at-international-urology-conference/
May 21 - 10-Q published - http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=12269334&type=HTML&symbol=CELZ&companyName=Creative+Medical+Technology+Holdings+Inc&formType=10-Q&dateFiled=2018-05-21
May 22 - Social media campaign begins(Hired someone for outreach and Dr. Gershman’s social media accounts created) -
Alexander Gershman, M.D. is a Board-Certified Urologist & is considered to be one of the world’s leading Urology experts in the area of minimally invasive surgery. https://t.co/AzauL896wZ #urology #ErectileDysfunction #caverstem #ed #beverlyhills #maleenhancement pic.twitter.com/HGdTrTLcOT
— Institute for Advanced Urology (@GershmanMDLA) May 22, 2018
Dr. Alexander Gershman performing the first part of the #CaverStem Procedure which is Bone Aspiration. #StemCells #ErectileDysfunction #LosAngeles pic.twitter.com/yYznwViH5L
— Institute for Advanced Urology (@GershmanMDLA) June 18, 2018
You can go ahead and add Germany and France to the list of parked domains for caverstem. https://t.co/DN4UTzVQmV & https://t.co/jYUGBSeRqe.
— Jr Bronc (@Rm96460435) August 11, 2018
CELZ STRONG!!!
Caverstem Vegas DD
I know someone posted my info I passed on from checking out Dr. Freedman's office, but figured I would put an official post up here.
I drove out to his office, which is within the larger campus of a very nice hospital in the north western part of Las Vegas. The surrounding area was very nice(about 20 min drive outside of the city, once you start to get up into the hills a little bit). I went in and asked his office staff if they were providing the Caverstem procedure for ED as I had seen their information on the www.caverstem-nv.com website. I explained that it was a stem cell procedure for treating ED using bone marrow stem cells. They said they were not, and went to go talk to the doctor in the back of the office(I believe he was with a patient, as the waiting room was pretty busy).
They returned and said that the doctor is in fact aware of Caverstem, Caverstem had provided him information previously, and they were currently awaiting for Caverstem to reach back out to schedule their training. The office staff were very nice and seemed to have a very positive reaction when I mentioned the stem cell treatment and that there were doctors already using it in CA.
I do know from my research that this office was identified prior to the AUA, so I'm not sure why they have gotten behind the other offices that have already gotten their training and/or are already providing treatment(Wachs, Liu, Brown, Bieri/Said). When they do come on board though, this seems like it would be a very optimal place to have a Caverstem provider given the location and medical facility.
For anyone interested in getting treatment in San Diego, I contacted the office(you can do likewise through their website), and they will be beginning treatments end of August.
That sounds roughly correct. What will be really interesting to see what the workload starts to be like(1 per day, 3 per day, in clinics where Caverstem is their main focus 5+ per day). That's were it starts to get interesting from a US standpoint. International estimations can go crazy(especially if we are just dealing with one company per country).
I agree, I posted something last week pointing out some of the major metropolitan areas that have yet to get domains registered. Which leads credence to the idea that all of the domains are selected because they have contact with doctors and are working contracts(vs. just locking up top metropolitan areas domain names).
Dr. Wachs, well that just answered my question. Caverstem FB just put out a thing saying Dr. Wachs is currently providing treatment.
I keep it straight to the facts, lol.
My feeling based off of what I posted before is that the new people they are brining up after the AUA, are already providing the treatment in some capacity. Dr. Liu's office said he was, Dr. Said/Dr. Bieri I believe did some treatments but are building out a new office to do it full time. I'm going to try to find out if Dr. Brown is currently offering the treatment.
Wachs/Freedman, I'm not sure of. I think Wachs might be, but Freedman hadn't gotten training yet. I'm going to verify about Freedman this upcoming week.
Domain List
1. [WHOIS] caverstem.com
2. [WHOIS] caverstem-atlanta.com
3. [WHOIS] caverstem-boston.com
4. [WHOIS] caverstem-chicago.com
5. [WHOIS] caverstem-cleveland.com
6. [WHOIS] caverstem-dallas.com
7. [WHOIS] caverstem-fl.com
8. [WHOIS] caverstem-fortlauderdale.com
9. [WHOIS] caverstem-glendale.com
10. [WHOIS] caverstem-houston.com
11. [WHOIS] caverstem-indianapolis.com
12. [WHOIS] caverstem-lasvegas.com
13. [WHOIS] caverstem-manhattan.com
14. [WHOIS] caverstem-memphis.com
15. [WHOIS] caverstem-miami.com
16. [WHOIS] caverstem-minneapolise.com
17. [WHOIS] caverstem-newport.com
18. [WHOIS] caverstem-newportbeach.com
19. [WHOIS] caverstem-nm.com
20. [WHOIS] caverstem-northflorida.com
21. [WHOIS] caverstem-nv.com
22. [WHOIS] caverstem-ny.com
23. [WHOIS] caverstem-nyc.com
24. [WHOIS] caverstem-oc.com
25. [WHOIS] caverstem-oklahoma.com
26. [WHOIS] caverstem-orangecounty.com
27. [WHOIS] caverstem-palmbeach.com
28. [WHOIS] caverstem-phoenix.com
29. [WHOIS] caverstem-phx.com
30. [WHOIS] caverstem-portland.com
31. [WHOIS] caverstem-russia.com
32. [WHOIS] caverstem-sacramento.com
33. [WHOIS] caverstem-saltlakecity.com
34. [WHOIS] caverstem-sanantonio.com
35. [WHOIS] caverstem-sandiego.com
36. [WHOIS] caverstem-sanfrancisco.com
37. [WHOIS] caverstem-seattle.com
38. [WHOIS] caverstem-stlouis.com
39. [WHOIS] caverstem-tampa.com
40. [WHOIS] caverstem-tx.com
41. [WHOIS] caverstem-updates.com
42. [WHOIS] caversteminternational.com
And they posted San Diego too.
No domain registered for Detroit yet. Closest area I think is Chicago.
Updated DD list since AUA Conference with links to source
May 20 - Introducing Caverstem at AUA Conference in San Francisco - http://www.caverstem.com/creative-medical-technology-holdings-inc-to-unveil-its-patented-caverstem-procedure-for-erectile-dysfunction-at-international-urology-conference/
May 21 - 10-Q published - http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=12269334&type=HTML&symbol=CELZ&companyName=Creative+Medical+Technology+Holdings+Inc&formType=10-Q&dateFiled=2018-05-21
May 22 - Social media campaign begins(Hired someone for outreach and Dr. Gershman’s social media accounts created) -
Alexander Gershman, M.D. is a Board-Certified Urologist & is considered to be one of the world’s leading Urology experts in the area of minimally invasive surgery. https://t.co/AzauL896wZ #urology #ErectileDysfunction #caverstem #ed #beverlyhills #maleenhancement pic.twitter.com/HGdTrTLcOT
— Institute for Advanced Urology (@GershmanMDLA) May 22, 2018
Dr. Alexander Gershman performing the first part of the #CaverStem Procedure which is Bone Aspiration. #StemCells #ErectileDysfunction #LosAngeles pic.twitter.com/yYznwViH5L
— Institute for Advanced Urology (@GershmanMDLA) June 18, 2018
If he partnered up with the Caverstem doctor in OC, Barton Wachs, that would be an interesting clinic.
Wachs Dicks Urology Clinic...
I wouldn't get too worried about people stealing the domains for cities. I thought that at first too, then I noticed that they were even doing abbreviations for different cities, so I think if you wanted to register something, you can get pretty creative with getting a domain name for that location.
But to your point, could be a combination, I'd still think they would have grabbed some of the other large cities if that's what they were doing though.
Seriously!!! And imagine having multiple product lines that are somewhat unique in themselves and being at various stages of development/testing/commercialization. If they are really able to be successful(which I really hope they are), it will be quite impressive given the size they have started at. I do think they are taking the correct approach though in their commercialization as far as licensing the IP to individual doctors/clinics. I think that is a great way to minimize overhead after the initial setup/training is completed.
GG, I agree that is what business normally do.
I'd say this though, the locations on the URL list are awfully specific. Yes, there are some major cities, but there are a lot of mid size cities that you might not target in your initial locations. Also, there are multiples for the same city(which goes to the idea of zip code groupings for clinics in metropolitan areas). Lastly, there are large metro areas that you would assume would be in your grouping of locations if you were in fact just buying up domains for top locations that are not currently on their list(DC, Philly, San Jose, Denver, Detroit, etc...).
So that leads me to believe each of those domains were registered with a purpose(i.e. interest from a specific clinic). Lastly, the fact they weren't all registered at once, but over the course of months, also leads me to believe there was specific data behind why those domains were registered.
Those are all good points, I would also add this:
Since the AUA, we have seen all those domains registered. We have also seen two of those domains actually have websites turned on(NM and San Francisco). There was a three week period between those two sites becoming active. We also know that in the list of things that the COO said would happen, the turning on of websites is the last thing. “Now that the AUA conference is over we have immediately began working on vetting the physicians to insure they meet our criteria, negotiating and preparing contracts. Once this is all completed each physician will be scheduled for training on the use of the device and disposables (kits), their CaverStem ™ affiliate website will be launched and the CaverStem ™ technology will be marketed in each territory,” said Don Dickerson, Chief Financial Officer of Creative Medical Technology Holdings, Inc.
http://www.caverstem.com/caverstem-adult-stem-cell-therapy-for-erectile-dysfunction-receives-positive-reception-at-international-urology-conference/
What I'm interested in seeing is what their battle rhythm is like for their training. So, I'd be very interested to see if we get another site turned on in the next week and a half(which would be 3 weeks from the previous). If we do, then we can see based off of scheduling and travel, they are at least trying to get one new location up every 3 weeks. That might seem somewhat slow but really, at a 3 week pace in a year, that is almost 21 clinics.
This pace can obviously speed up, as I'm sure there is a lot of backlog of contract/negotiation/vetting going all on at once right now(After the AUA). I still don't have a good feeling on the pulse of the international stuff and can only make logical assumptions with no real data behind it.
They have been pretty busy for a small operation. I agree though, we need to help them continue to expand their reach.
FDA Phase 1 Trial AmnioStem
For those wondering what goes into a Phase 1 FDA trial:
Study Participants: 20 to 100 healthy volunteers or people with the disease/condition.
Length of Study: Several months
Purpose: Safety and dosage
Approximately 70% of drugs move to the next phase
Doesn't look like that heavy of a lift.
https://www.fda.gov/forpatients/approvals/drugs/ucm405622.htm
I like the potential :)
Correct, that is how much Dr. Gershman is charging. So, 3800-1600(how much CELZ charges per kit)= leaves Gershman with $2200 profit per procedure. The 1600 that goes to CELZ is broken down 1600-400(costs) = $1200 profit. At least based on the numbers that have been thrown around.
I'm not following the math there, profit from 1 kit is $1200. $1200 x 1M = $1.2B
I thought the upfront cost was actually $20K(Magellan and 5 kits), could be wrong, but that is the number floated around a lot.
You should definitely get a call back. I can concur with the $3800 at Dr. Gershman's office. Dr. Liu in San Francisco is a little bit more. Don't know about the other doctors.
Updated DD list since AUA Conference
May 20 - Introducing Caverstem at AUA Conference in San Francisco - http://www.caverstem.com/creative-medical-technology-holdings-inc-to-unveil-its-patented-caverstem-procedure-for-erectile-dysfunction-at-international-urology-conference/
May 21 - 10-Q published - http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=12269334&type=HTML&symbol=CELZ&companyName=Creative+Medical+Technology+Holdings+Inc&formType=10-Q&dateFiled=2018-05-21
May 22 - Social media campaign begins(Hired someone for outreach and Dr. Gershman’s social media accounts created) -
Alexander Gershman, M.D. is a Board-Certified Urologist & is considered to be one of the world’s leading Urology experts in the area of minimally invasive surgery. https://t.co/AzauL896wZ #urology #ErectileDysfunction #caverstem #ed #beverlyhills #maleenhancement pic.twitter.com/HGdTrTLcOT
— Institute for Advanced Urology (@GershmanMDLA) May 22, 2018
Dr. Alexander Gershman performing the first part of the #CaverStem Procedure which is Bone Aspiration. #StemCells #ErectileDysfunction #LosAngeles pic.twitter.com/yYznwViH5L
— Institute for Advanced Urology (@GershmanMDLA) June 18, 2018