US Stem Cell Inc (USRM)

[Dragon Lady]

Down to THREE "employees"? Was just checking latest 10-K, for period ended Dec 31st, 2013 and wow, hadn't even noticed. What happened - did they lay off some of the "team"?

Latest 10-K, PAGE F-17:
"Reliance on Key Personnel and Consultants

The Company has three full-time employees and no part-time employees. The Company is heavily dependent on the continued active participation of its two current executive officers, one employee and key consultants. The loss of any of the senior management or key consultants could significantly and negatively impact the business until adequate replacements can be identified and put in place."

THREE people as actual "company employees" and, as a company they're doing a phase FDA level II/III trial, a phase I trial in Mexico, they have webinars and conferences and "talks" going on and PR about "deals" all the way from Mexico, to South and Central America to as far as the Middle East, and multiple new "studies" being started (see recent PR) and more potential new "trials/studies" being started, in a wide range of differing fields, not just "the heart" anymore, and it appears (see recent PR's) even more "stuff"- all with THREE PEOPLE who are actual "employees"? Wow. That, is truly amazing IMHO. They don't appear to have much cash at any given time per their financial statements- so don't know how many "consultants" they could really "hire" IMO? Don't know?

And what happened to the fairly recent PR, from just last yr, that several "key team" members had been hired? Where did all that go? That's weird IMO? Really- they were hired for a few months or something and let go?

It looked like on Sept 13th, 2013, that three "new key positions" were added (Sr. compliance officer, Finance and Operations Manager and a Administrative Manager)- sounds like "hired employees" to me, the way it was stated?
http://www.bioheartinc.com/assets/press/2TeamExpansion2013.pdf

So I guess they're not there anymore, about 6 months later? That again, kind weird in just my humble opinion?

The company 10-Q, SEC filing for Sept. 30th, 2013, PAGE 11 stated the following:
"The Company has 4 full-time employees and 1 part-time employee."

So they had 5 "employees" as of that date, but now this 10-K says down to 3? That doesn't sound to me (just my opinion) like an "expanding" and "rapidly growing" company, with "imminent" big sales, "growing revenues" and being "near cash flow positive" etc and similar claims being made in many statements, across multiple "talk boards" and talk outlets that I've read and read numerous times?

So, it sorta looks like IMO, they've been "down sizing" a bit? Those PR about the "team" getting bigger- didn't seem to last too long I guess perhaps? Just my opinion- but the 10-K's say they've reduced as far as I can tell?

Doesn't make any sense IMHO. Again, just my 2 cent opinions. I've never heard of a THREE person company doing "global" operations and FDA trial(s) as in multiple, and conducting "training seminars" and "webinars" and doing "deals" all over the place (again, see most recent 6 months of PR's,etc). That's just amazing IMHO. Seems hard to do- but who knows? I know companies with probably 50 to 200 employees, and annual sales of $100 million or more, and annual budgets in the $50 million or more range, and $10's, if not $100 million more in cash available- and I'm not sure they can handle all that/accomplish all that "stuff" as described in those PR's? THREE people, and almost no cash or money at any given time (last 10-K cash balance $200K total dollars approx. total), wow. That's pretty amazing IMO.

It's more than I can figure out I guess. Just my own due diligence. Do your own. Just my old 2 cent opinion of the way I see it. Buy, sell, hold, whatever based on your own research and good luck and good trading.