US Stem Cell Inc (USRM)

[Dragon Lady]

Quote: "IMO he was referring to TNGN where the shareholders did not approve a proxy for more shares in order to dilute and as a result filed for bankruptcy."

Well, BHRT has "stacked" the insider vote control via creating Northstar LLC (25 to 1 votes on 20 million preferred shares = 500 million right there + what they own as insiders on the BOD, etc) so that the insiders can never be out-voted. Thus, they can dilute literally forever. As in the fairly recent increase to 2 BILLION shares available.

Just read the SEC filing when they increased the A/S count from like 970 MILLION to 2 BILLION, it said right on the filing- we're not asking for your vote, nor do we need it, blah, blah, blah as the "majority consenting shareholders" have already voted, it's a done deal and thank you very much.

BHRT can dilute till the cows come home- and no common shareholders are ever gonna stop um. They just adjust up the voting rights of Northstar LLC as needed. See past SEC filings- they already upped Northstar from 20 to 1 votes per preferred to 25 to 1, to stay ahead of the ever increasing dilution, insuring the insiders have the majority vote on any proxy or other issue ever needing to be put to a vote.

End of BHRT story the way I see it- they'll dilute out using every last one of the present 2 BILLION A/S if the past is any indicator and the current rate of massive dilution continues- I don't see anything that will change that IMO. They picked 2 BILLION for a reason IMO- they probably knew they were going to Magna and that alone was going to skyrocket the dilution among other things like massive shares to insiders, etc.

Just read the SEC filings- it's always in there, the "full story".