US Stem Cell Inc (USRM)

[Dragon Lady]

"-Northstar being FORCED to take common shares instead of holding its 20million preferred and such BHRT no longer being in a Forbearance Agreement "??

How is an owner of preferred shares, "FORCED" to "take common shares"? How? They own the shares, outright. They've been given to them? Who can "take them" or "force them" to do anything with them?

Further, "Northstar" and several of the BHRT, most Sr. BOD members and largest share holders are ONE IN THE SAME? (Sam Ahn, being the single largest shareholder at this point, if I'm not mistaken?). They control Northstar AND BHRT. What/how or who is/are going to "force" them do something, or to "force themselves" to do anything, especially against their own interests?

The "forebearance agreement" was put in place, BY THE VERY SAME BOD MEMBERS, who are one in the same as "Northstar" as their "guarantee" that they forever stay in "first position" to get whatever is "paid back" on debt/loan obligations, as they put up personal collateral to guarantee that debt (when the B of A loan went into default)- meaning they have, more than likely, things like their own homes, or real estate or businesses, or cash accounts/CD's in banks or similar tied up as "collateral" Why would "they" undo their own security? How does that "work"?

Makes ZERO sense to me, IMO? Not getting the "theory" at all?