US Stem Cell Inc (USRM)

[Dragon Lady]

LOL, "They been yelling bankruptcy for YEARS, the only thing I see is higher revenues and bigger salaries!
"
I see higher losses from operations this year and a cash poor company who just recently went to toxic convertible debt lenders for pittances of cash like $25K and $38K at a time and then to Magna for a horrific structured note in which BHRT borrowed "convertible debt" in which they only receive $205K cash but owe back $307K face value on the note- yeah, real high quality "higher revenue" stuff going on there ! Right on.

Oh, and the 600 MILLION plus shares of PURE DILUTION. Kinda a "pesky" little detail to miss. NO DILUTION or ability to endlessly sell and dump shares- driving their good ole stock to .009, yes 9/10ths of ONE CENT- and they'd of been 100% BK gone a long, long, long time ago. If not for selling and dumping endless dump truck fulls of ever cheaper shares of stock to desperation penny firm loan houses (Asher, Magna, Danial James, KBM and the list goes on) - they'd of been lights out a long time ago as they make nowhere near enough of their own cash to even survive a few months.

From their last 10-Q filing in the Sr Mgt's own words as to how desperate and dire their financial situation is:

PAGE 12, most recent filed 10-Q:

"NOTE 2 — GOING CONCERN MATTERS
The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying unaudited condensed financial statements, during nine months ended September 30, 2014, the Company incurred an operating loss of $1,247,199 and used $747,184 in cash for operating activities. As of September 30, 2014, the Company had a working capital deficit (current liabilities in excess of current assets) of approximately $10.0 million. These factors among others may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.
The Company’s existence is dependent upon management’s ability to develop profitable operations and to obtain additional funding sources. There can be no assurance that the Company’s financing efforts will result in profitable operations or the resolution of the Company’s liquidity problems. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern."

Says it all right there- in their own words.

Or here, this page from their last 10-K filing, PAGE 25:

"As of March 24, 2014, we had cash and cash equivalents of approximately $211,632.80 and a working capital deficit of approximately $13.4 million. As such, our existing cash resources are insufficient to finance even our immediate operations. Accordingly, we will need to secure additional sources of capital to develop our business and product candidates as planned. We are seeking substantial additional financing through public and/or private financing, which may include equity and/or debt financings, research grants and through other arrangements, including collaborative arrangements. As part of such efforts, we may seek loans from certain of our executive officers, directors and/or current shareholders. We may also seek to satisfy some of our obligations to the guarantors of our loan with Seaside National Bank & Trust, or the Guarantors, through the issuance of various forms of securities or debt on negotiated terms. However, financing and/or alternative arrangements with the Guarantors may not be available when we need it, or may not be available on acceptable terms.

If we are unable to secure additional financing in the near term, we may be forced to:

· curtail or abandon our existing business plan;
· reduce our headcount;
· default on our debt obligations;
· file for bankruptcy;
· seek to sell some or all of our assets; and/or
· cease our operations.

If we are forced to take any of these steps, any investment in our common stock may be worthless.
"

Get those big salaries and bonuses while the gettin is good IMO.

Heck of a common stock performance- it's ONLY lost about 99.8% of its value since trading public (was delisted after not even 1 yr on the Nasdaq) and has lost about 98% or more of its value now since the present CEO took over in mid 2010 (about .50 cents a share to now SUB ONE CENT. Sounds like bonus material to me !!)