US Stem Cell Inc (USRM)

[Dragon Lady]

A/S is typically "available shares" which would be 2 BILLION now per latest form 14 filed. The 466 million number is "issued" or already "outstanding" O/S shares and is already an old number (it's almost July 1st, 2014)

https://www.sec.gov/Archives/edgar/data/1388319/000114544314000633/d31331.htm

"Ratification of the increase of the authorized shares of capital stock of the Company from nine hundred and fifty million (950,000,000) shares of common stock and twenty million (20,000,000) shares of preferred stock, both $.001 par value respectively, to two billion (2,000,000,000) shares of shares of common stock and twenty million (20,000,000) shares of preferred stock, both $.001 par value respectively, effective as of the filing of an amendment to the Company's Articles of Incorporation with the Florida Secretary of State."

The 466 million number stated is already old, it's gonna be a lot more than that now, with all the debt to equity conversions done recently, plus, BHRT is always diluting for on-going "financing" based on recent history. They had very little cash left end of Q-1, not enough to cover their cash use/burn rate if one does the math. They've almost certainly done more dilutive "financing" since the period covered in the Q1, 10-Q filing.

In just the period from the time covered under their end of yr 10-K, period ended 2013, to their end of Q-1, 2014 10Q filing (March 24 to May 6th, 2014, a little over 30 days), they diluted by 466,396,016 - 420,920,157 = 45,475,859 or about 45 MILLION shares dilution in about a one month period.

Latest 10-Q, PAGE 1:
"As of May 6, 2014, there were 466,396,016 outstanding shares of the Registrant’s common stock, par value $0.001 per share."
(it's July now, so it's gonna be a lot more than that, IMO. Just look at all the form 4's filed recently, those shares alone are 10's of millions)

Latest 10-Q, PAGE 10: (they've hit about 500 MILLION already fully diluted, as of end March 2013, so it's gonna be a lot more than that as of July 1, 2014, IMO)
"Fully diluted, which means the "real" share count needed to cover all warrants, share options issued and so forth, is:
Fully diluted shares outstanding were 498,696,292 and 222,688,816 for the three months ended March 31, 2014 and 2013, respectively."

Latest 10-K, PAGE 1: (end of 2013)
"The number of shares outstanding of the registrant’s Common Stock, $0.001 par value, as of March 24, 2014 was 420,920,157."

It was a question to the BioheartUS "representative", no?