US Stem Cell Inc (USRM)

[Dragon Lady]

LOL, Quote: "Check the 8K that was released after the annual shareholders meeting, there's a slide there that discusses BioHearts future revenue potential beginning in 2015. "

Ooooh, so it's on a "slide" in a "presentation" so that's how the imaginary $100 MILLION is just going to "materialize"?? Shoot, how did I miss that?

Gosh, I forgot how in business, one just makes up "revenue projections" out of thin air, puts um on a slide, and bing-bang-boom it's a done deal. I totally forgot that sort of "business model" and how well they work.

The ole, LETS MAKE UP FANTASY REVENUE NUMBERS based on nothing tangible, nothing real, the fact we have no real cash or employees ($46K cash, 4 employees per 10-Q SEC filing), are using toxic financing in increments of like $25K and $38K to limp along and survive, have almost no assets ($250K total as of last 10-Q), are taking large losses while owing huge debts, etc.

Shoot, the ole "slide" in the "presentation" for "potential" revenues. Yep, that pretty much seals the deal and makes it all a pretty much slam dunk for me. Oh yeah. For sure. Never heard BHRT make any "predictions" or "revenue projections" or "trials" or "partnerships" that never came true or never amounted to anything financially for the company now did we??

Here, here's a just a "few", just a little "sampling" of the ole "prediction" and "potential" department- many, many of which were even on "slides" and spoken of in "presentations" and especially issued in great "sounding" PR and what not- just a little sampling (there's a whole bunch more, I mean a bunch more as I've personally read each one myself)-

1) $22 MILLION projected revenues in 2008/2009

http://globenewswire.com/news-release/2009/05/07/397137/164884/en/Bioheart-Reports-Year-End-2008-Results-Reviews-2008-and-1Q09-Progress-and-2009-Business-Objectives.html?print=1

"Reach Bioheart 3370 Heart Failure Monitoring Systems sales of an
annual run rate of $22 million. FDA 510(k), European CE Mark and
Reimbursement already in place."

Gosh, just never sorta, kinda hit that ole $22 million now did they? Why? What happened? It was in a "presentation"??

2) MIRROR? You know, the "phase 3, FULLY FUNDED by Bioheart"? Where did it go? Did it ever even take place? Was it ever actually " fully funded"? Why? what happened?

http://www.marketwired.com/press-release/bioheart-announces-phase-iii-mirror-trial-for-myocell-initiated-otcqb-bhrt-1807938.htm

CANCELLED on Jan 25th, 2015 per one line in a PR. Never even took place. No explanation given.

3) How bout this one- the ole $20 MILLION in "financing" - how'd that one turn out? What happened there? Where did that go?

http://finance.yahoo.com/news/northstar-launches-20-million-private-113119817.html

Aaah, sorta-kinda just NEVER HAPPENED now did it? Why? What happened there? What went wrong? That was "going to fund trials"? Never happened?

4) How bout the "term sheet" ones- those are talked about a lot but never just quite seem to happen. Remember this one:

http://www.marketwired.com/press-release/bioheart-receives-2-million-term-sheet-investment-offer-from-vitalmex-global-leader-otcbb-bhrt-1686526.htm

Never happened? Why? What was the deal there? No $2 million- it didn't take place?

5) How bout even when ole Groth was CEO and the "Middle East"- what ever became of all that good sounding "stuff"?? Never really heard much about it again, eh? Why? What happened there?

http://www.prnewswire.com/news-releases/bioheart-announces-cell-therapies-program-in-the-middle-east-for-congestive-heart-failure-and-peripheral-arterial-disease-patients-95110334.html

6) Or how bout the recent "South Africa partner" thingy- all except the part that it had no legal agreements, no "contract" actually signed when this last 10-Q came out, but boy those ole PR's sure sounded good, no?

http://www.marketwired.com/press-release/bioheart-announces-joint-venture-in-south-africa-otcbb-bhrt-1923668.htm

http://finance.yahoo.com/news/bioheart-announces-grand-opening-facility-120000841.html

But then came the 10-Q, most recent, PAGE 23:

"We announced a joint venture in South Africa and the facilities called “South African Stem Cell Institute” were successfully opened in September, 2014 with the intention to retain a 49% ownership of the new entity. As of September 31, 2014, however, there was no formal legal entity established and no formal operating agreement for this joint venture. In additional the Company has not yet incurred any material expenses associated with this venture. Management has concluded that as of September 31, 2014 this announcement is not material to the Company’s financial statements."

What? IT NEVER HAPPENED? No "South Africa" after all?? How can that be? the PR said it was done, slam dunked, grand opening - not "we intended" and "no legal entity established" blah, blah, blah?? How does that happen?

I could probably go on for 50 or more links- just like those. What happened? They were on slides, they were "presented" and "projected" and sounded great and all? Why's the common stock been diluted out past 600 million shares now and sitting at sub 1 CENT today and yet they finished last qtr with a grand total of $46K cash bucks left in their bank account? Why? What am I missing here?

But it's all gonna change now and reach an imaginary $100 MILLION or even half that or 1/10th of that in revenues now cause of a "Power Point slide"?? Really? I think I'll just wait and see. Call me a skeptic I guess, but hey- that's just me personally.