US Stem Cell Inc (USRM)

[Dragon Lady]

LOL, another vague PR "US Stem Cell Clinic Increases Staff to Support Patient Demand and Marketing "

They're really cranking up the ole PR MACHINE it looks like- since this thing tanked to rock bottom, all, all, all time lows this past week. Never fails IMO with ole BHRT.

Notice, the typical vague PR (IMO) it DOES NOT SAY how many supposed "staff" were hired. Know how many times BHRT has put out PR about supposedly "hiring" and "adding to the team" blah, blah, blah? I've got um all archived, at lest a half dozen, but I've lost count.

As of the just filed 10-K, they said they had THREE, THREE total "employees" at the company.

10-K, PAGE F-11:

"The Company has three full-time employees and no part-time employees. The Company is heavily dependent on the continued active participation of its two current executive officers, one employee and key consultants. The loss of any of the senior management or key consultants could significantly and negatively impact the business until adequate replacements can be identified and put in place."

But wait, THREE? Go back and read the old "WE'RE HIRING THE TEAM" ole PR's and ask where those supposed "hires" all vanished too? Where did they go?

Here's one- they said they were hiring THREE more at a time when they had I believe supposedly 3 full time and 1 part time, which means they would have had at least 7 "employees", but no later SEC filing ever matched that number. Why? How does that "work"??

http://www.firstwordpharma.com/node/1140659#axzz3XUbk9kRE

That was the old supposed hiring "regulatory" and "finance" and "admin" ole team members. But where did they ever vanish off to? They never later showed up in any SEC filing I'm aware of?

Or how bout the ole "SOUTH AFRICA" PR that they had a big ole "partnership" and things were going great and a "grand opening" and "big expansion plans" blah, blah, blah.

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

But THEN, THEN came that pesky ole SEC filing a tad bit later- and guess what? The ole "SOUTH AFRICA" supposed "partnership" turns out, well, it just kinda, sorta never was. Just kinda sorta. And it was as vague IMO as this ole PR today.

BHRT 10-Q, 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 actually happened and they had no legal contracts signed or whatever? But the PR said they had a big ole "grand opening" and were "treating patients" and all? How does that "work"??

Or how bout the ole GLOBAL STEM CELL GROUP ole big PR's about supposed "partnerships" and big "stuff" happening and going big and all? What happened to that? It's GONE as of the 10-K, as in NEVER HAPPENED.

http://finance.yahoo.com/news/bioheart-announces-agreement-global-stem-131629865.html

http://www.4-traders.com/BIOHEART-INC-2973332/news/Bioheart--Global-Stem-Cells-Group-Announces-Accredited-Online-Stem-Cell-Training-Course-18541664/

http://www.prweb.com/releases/GlobalStemCellsGroup/COPDClinicalTrial/prweb11559177.htm

LATEST filed 10-K, PAGE 11:

"
We previously partnered with the Global Stem Cell Group to market and make available our AdipoCell adipose derived stem cell therapies to all doctors across the U.S. and in foreign markets. On November 26, 2014, we terminated our relationship with Global Stem Cell Group."

TERMINATED them? And that was after they gave them a chunk of stock and warrants and what not. And now, how'd those ole GRAND SOUNDING ole "GLOBAL STEM CELL GROUP" videos and PR's and all the rest work out? TERMINATED and never to be heard of again- like pretty much all BHRT "PR" and vast "Grand plans" I've read over the years. Later, never seeming to match what comes later in the SEC filed 10-Q's and 10-K's.

Me personally, I'll wait for the 10-Q and see what's said about this ole "clinic" operation- see if they give one detail or actual numbers as to it's revenues, supposed "profits" or whatever that PR is saying. A PR saying they added staff, but it DOES NOT EVEN SAY HOW MANY. CLASSIC BHRT "PR" vagueness IMO.

A big whoop about nothing to me personally.