US Stem Cell Inc (USRM)

[Dragon Lady]

Looks like last 13G/A was filed on EDGAR on April 3, 2014, about 4 months ago.

http://www.sec.gov/Archives/edgar/data/1388319/000114544314000477/d31286.htm

At that filing, Northstar LLC held:
" Shared dispositive power: 48,225,587 capital shares (28,225,587 shares of common and 20,000,000 preferred (each share of preferred stock has voting power equal to twenty-five common shares)"

So, this amended filing today, same line #8, now states:
" Shared dispositive power: 51,853,696 capital shares (31,853,696 shares of common and 20,000,000 preferred (each share of preferred stock has voting power equal to twenty-five common shares)"

So, in that 4 month period (which interesting IMO didn't get included in the 10-Q just filed)- it looks like Northstar picked up
31,853,696 - 28,225,587 = 3,628,109 common stock shares.

My guess, and that's all it is, it's probably an "interest owed" and maybe even a "penalty owed" type payment- which they've done many times in the past.

3.6 million shares at say 2.5 cents would be about $90K dollars. Maybe they made a loan payoff, partial payment too? They made one not too long ago, reducing the outstanding balance on the total Northstar loan.

As of the last 10-Q filing, page 17:
"As of June 30, 2014 and December 31, 2013, the principle of this note was $362,000.".

So the balance is at $362K it looks like and I think the interest rate it like 7% annual per that same page. That would be running about .07 X $362K = $25K per yr in just interest.

Given the size of that amount, $90K, they probably paid a chunk of interest and paid some of the principal down too (so the principal might be less now than that $362K amount)? Probably won't know until the next 10-Q filing gives the details, IMO.