US Stem Cell Inc (USRM)

[Dragon Lady]

Quote: "You keep bringing up Magna, which would be rightfully so in most cases. However, Mike Tomas stated in their shareholders conference call that they have not tapped the Magna line yet."

They did TWO Magna deals back-to-back , the first being a "toxic" style, typical "convertible note" for $205K/$305K (they get $205K but owe Magna $305K, it has horrible terms to it, including that 33% face value to it, read the SEC filings)

That first "note" is a 100% DONE DEAL, they already did it and used it.

READ THE SEC filings - the "note" is done and is not related at all to the $3 million "credit line". They are two completely different deals and animals.

Secondly, there is no record I know of, of the CEO saying that the Magna "credit line" had not been "tapped yet". He could say that a month ago or whatever then use it the NEXT DAY. So it's meaningless IMO even if he did say that. They said in writing in the share registration statement that they, BHRT fully expect and intend to USE ALL OF THE MAGNA CREDIT LINE in the coming 24 months, all $3 million of it. Read the filing, it's all in there.

Here is the SEC filing "Prospectus" dated Dec 22, 2014, PAGE 4 (shows the $205K from the "note" has ALREADY BEEN GIVEN TO BHRT at that point- so they are 100% "in bed" now with Magna one of their "finance houses" and secondly- also, BHRT also issued Magna 9 MILLION plus shares at that point, Dec 22 2014 as "up front FEES/EXPENSES" to "activate" the "credid line"- so it's 100% in place and already paid for with substantial up front fees:

https://www.sec.gov/Archives/edgar/data/1388319/000114544314001603/d31959.htm


PAGE 4 of the SEC filing Magna "prospectus":

"This prospectus relates to the resale of up to 143,813,591 shares (includes 9,109,128 shares issued October 27, 2014) of our common stock, which may be offered by the selling stockholder, Magna Equities II, LLC, a New York limited liability company, or Magna. The shares of common stock being offered by the selling stockholder are issuable (i) upon conversion of a senior convertible note in the principal amount of $307,500, (the “Convertible Note”), that we issued to Magna on October 7, 2014 and (ii) pursuant to a common stock purchase agreement dated as of October 23, 2014 between us and Magna, or the Purchase Agreement.

We are not selling any securities under this prospectus and will not receive any of the proceeds from the resale of shares of our common stock by the selling stockholder under this prospectus, however, we have received gross proceeds of $205,000 from the sale of the Convertible Note to Magna and we may receive gross proceeds of up to $3,000,000 from sales of our common stock to Magna under the Purchase Agreement."

It's all there. They have already received $205K CASH from Magna and thus that much in shares can be converted by Magna when they choose and BHRT already handed Magna another 9 MILLION shares minimum as "fees/expenses" (and the document says up to a potential 15 MILLION more shares for "fees/expenses" may be required to be given to Magna).

They are 100% involved with Magna now. Clear as day IMO.