US Stem Cell Inc (USRM)

[Dragon Lady]

An 8-K put out late on a Friday and it's
1) Fully of typos and spelling errors and odd, sentence construction problems (did anyone proof read it before uploading it to EDGAR?)?
2) They start off by saying (in a poorly constructed sentence) that apparently there's an "on-going" or "existing" I guess "corporate re-structuring" already going on? When did this "re-structuring" start and when were shareholders told about it? Did I miss that PR or something?
3) Says they have been asked by DTC to verify the eligibility of the way they are apparently trying to issue these shares and it appears it's not a "done deal", only that BHRT "has responded" to questions, not that any questions have been answered to the satisfaction of the DTC, IMO, the way I read it. Sounds like it may be something to do with "un-registered" shares being used under what's a Form-4 or something like that? I've seen it come up before on some other stocks (penny stocks especially)- distributing large blocks of un-registered shares or something to that effect.
4) That they have what's probably insiders trying to get out of their debt holdings (the "oat" .04 price is what's in the recent form 4's if I remember, will check later), on the supposed premise that someone else will want to step up and "finance" the company with some other "debt" or "financing"?? Why? If the present insiders don't want to hold debt in the company, why would some new guy/firm want to hold it? Makes no sense to me, again?
5) They clearly and IMO "carefully" state that the insiders would be "willing to convert their class A shares" and then that key word "if" some sort of "financing" uh "materializes" but more carefully chosen words, " No assurances can be provided as to the consummation or timing of any financing." Well, what a surprise IMHO.

Just sounds to me, like this is probably related to all the Form 4's they been filing and probably "Northstar", aka the other insiders trying to exit their debt positions/holdings and convert to equity (aka common shares they can sell at will), is probably part of the key to the hiring of Cassell and insiders wanting to get out of their debt positions in the company, IMO.

I don't see any other secret "code words" or deep implications in it. Again, if the insiders don't want to hold their current debt positions on which they are being paid interest, then why, if they get to "dump" out of those positions using dilution, is some other "guy/firm" supposedly going to want to step up to the plate and become a debt holder/financier of the company? Not see the connections? Just my 2 cent opinion of course.