US Stem Cell Inc (USRM)

[Dragon Lady]

BHRT used to be on the NASDAQ and we delisted after only about 1 yr. A very "short run" as a "listed" company.

They had one of the worst IPO's in at least recent, if not all, IPO history, at least the past 20 or 30 yrs of IPO history, according to commentary I've read. Netting only about $1.5 million (after costs), even despite the then, CEO buying up some of the shares himself. (they initially stated they'd raise between about $40 to $70 MILLION on the IPO, continually lowering their target amount)

http://venturebeat.com/2008/02/20/bioheart-a-new-record-for-ipo-futility/

http://venturebeat.com/2008/02/19/three-yards-and-a-cloud-of-dust-bioheart-makes-it-across-the-ipo-goal-line-but-with-little-to-show-for-its-struggles/

There were many companies that went public in 2008, raising about $28 BILLION dollars. 2008 for example included IPO's for Visa, American Water Works, Cardionet, MAKO Surgical, among others. BHRT ended up being the worst performing IPO of year 2008.

http://www.reuters.com/article/2008/12/31/ipos-idUSN3138728020081231

http://www.marketfolly.com/2009/01/how-some-2008-ipos-fared.html

BHRT see link above, finished DOWN 85% on the yr of its IPO, bottom of the list.

They did not have a major IPO "sponsor" like Morgan, Citi, UBS, or Lehman or JP or Merrill. Their IPO was via a rather small, relatively unknown underwriting firm of I believe "Dawson James Securities, Inc". They went through/fired several underwriters in their attempt to go public, according to several articles/stories.

http://www.pehub.com/2007/10/bioheart-changes-ipo-terms-and-underwriters/

http://dealbook.nytimes.com/2007/10/15/bioheart-cuts-ipo-price/?_php=true&_type=blogs&_r=0

BHRT went public in Feb. 2008 and was DE-LISTED only about Feb. 26th, 2009, only about ONE YEAR later (which in itself, could possibly be some sort of new record perhaps, lasting only 1 yr from NASDAQ to being delisted, not sure?)

http://globenewswire.com/news-release/2009/02/26/393349/160467/en/Bioheart-Inc-Receives-Notice-of-Delisting-From-The-NASDAQ-Capital-Market.html

The stock has been essentially straight down, in decline, with a few "pops" along the way, since the IPO. A "max" chart shows the stock today, is down from $5.25 a share on IPO date, to now about 2 cents, or a decline of approx. 99.59%.

Since the present CEO took over in Jun. 2010 (number 3 CEO since IPO, I believe, maybe 4th? Leonhardt, Groth, Tomas and I believe right before IPO, was maybe a 4th person?) the stock has declined from about the .45 cents to .50 cent range when Tomas took over, to now about the 2 cent range, with a low of .0063 (6/10ths of one cent in Dec. 2013), or approx. a 95% decline.

For yr 2008 there were 43 U.S. IPOs which raised at least $50 million.

Total U.S. IPO proceeds were $28 billion, in 2008.

87 U.S. companies filed for IPOs (2008) but then withdrew this year" (that's typical for well-led companies IMO, they pull the IPO if the timing is not right and wait, you read of it happening all the time, even in recent yrs)

List of the majority of U.S. exchange 2008 yr IPO's and amount raised in $millions of dollars: note, it's the dollars raised listed, not the share price. As in Visa raised $17,864 million or $1.7 BILLION dollars. Cardionet, a medical company- raised $81 million (note, two raised over $1 billion) (bottom of list BHRT at just under $6 million, of which they only "netted" something like $1.5 million after costs)

Visa $17,864
American Water Works $1,247
Intrepid Potash $960
GT Solar International $499
Colfax Corp $337
Williams Pipeline Partners $325
Western Gas Partners $309
RiskMetrics Group $245
Hatteras Financial $240
Navios Maritime Acq Corp $220
Whiting USA Trust I $217
American Capital Agency $200
Safe Bulkers $190
RHI Entertainment $189
Rackspace Hosting $187
Verso Paper $168
Pioneer Southwest Energy $156
Cascal B.V. $144
Grand Canyon Education $126
Britania Bulk Holdings $124
Energy Recovery $119
IPC The Hospitalist Company $83
CardioNet $81
ArcSight $61
China Distance Education $61
Chardan 2008 China Acq Corp $55
Real Goods Solar $55
MAKO Surgical $51
North Asia Investment Corp $50
China Mass Media Corp $48
ATA Inc $46
Heritage-Crystal Clean $21
BioHeart $5.78 (we'll add the decimal since it's so low)