US Stem Cell Inc (USRM)

[Dragon Lady]

Well the name "Bioheart" doesn't appear in a single place in that link to some "Global Stem Cell Group" China thingy whatever (not that I could find via reading it?)- so not sure what difference it makes then to Bioheart? As far as I know- it's not even clear what "partnership" Bioheart even has with "Global Stem Cell Group"??

Bioheart has had a lot of "partnerships" claimed over the years IMO and most of um I never heard or read about again later on? Not sure why that is, but that's what I've found many, many times.

Here is a recent example, the South Africa "partnership" as described in grand sounding (IMO) PR- but didn't sound so grand in the ole SEC filing once it came out, IMO.

The original "South Africa Partnership" PR's:

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

Sounded pretty great, it was a "partnership" sorta-kinda I guess?

Well, here's what the latest filed 10-Q had to say about it- just a "tad" bit of a different story IMO form those PR:

Latest filed 10-Q, PAGE 23:

"Joint Venture
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."

"partnerships"?? Been a lot of um "announced" over the years IMO. What they amount to? Never seems clear to me. That's my 2 cents. The words Bioheart don't even appear once in the link/press release provided. Don't see how it makes any difference then to Bioheart or why wouldn't they specifically be mentioned?

My .009 cetns worth.