US Stem Cell Inc (USRM)

[Dragon Lady]

LOL WRONG quote, ""SUNRISE, Fla., Feb 19, 2008 (PrimeNewswire via COMTEX News Network) -- Bioheart, Inc. (Nasdaq:BHRT) announced today the pricing of its initial public offering of 1,100,000 shares of common stock at a price of $5.25"

Same market cap as today...there you go!
"

NO "same market cap as today" is not true in the slightest, or how it went and NOT "there ya go"???

When a company sells shares in an IPO, it does not sell the entire company O/S share count? A large part of BHRT at the time of the IPO was held by insiders and also at that time- PRIVATE INVESTORS. The market cap estimates at the time of the IPO were much, much, much higher in 2008 and have since massively collapsed (to recently below $5 million, dipping as low as about $3 million recently).

Here is various PR coverage by firms, then, covering the BHRT IPO and stating what the estimated market cap would be after the public offering- based on the company's then total share count X price after offering. And it wasn't anywhere close to as low as $5 million, not by a long shot.

http://www.nasdaq.com/markets/ipos/company/bioheart-inc-734841-53406

That's the Nasdaq page itself- and shows then approx 14 MILLION shares outstanding at the time of the IPO. That would have put the market cap at approx 14 X 5 = $70 million at time of the IPO. Meaning the market cap has now collapsed by approx 90% or more (as the common share price has collapsed by a literal 99.99% since the IPO)

https://www.pehub.com/2007/09/bioheart-sets-ipo-terms/

That's another article discussing their initial IPO plans (the ones that failed) stating they were going to sell 3.75 million or so shares at a hoped for $14 to $16 a share and that would have given them a market cap of $270 million or so. If one does the math, again, it works out to then about 14 million shares outstanding. Thus, when they went public at only $5 million a share and 1.1 million shares, they BRIEFLY (as the price rapidly collapsed within months) they briefly had a market cap of around $70 million, NOT $5 million. Again, their market cap (as the common share price) has massively collapsed since 2008 and then since mid 2010 when the present CEO took over.

http://venturebeat.com/2007/10/12/i-told-you-so-eat-your-bioheart-out/

Another article explaining that by then- Bioheart had cut in half their IPO planned share offering (it got worse by the time it actually happened) - but at even 4.2 million shares offered at approx $6 to $8 a shares, it was expected to give the company a market cap of about $140 million. Cut the offering down to 1.1 million shares at $5 and one gets about the final $70 million market cap they ended up with, as $8 would have been $140 million.

And a final analysis done after the dismal IPO:

http://venturebeat.com/2008/02/19/three-yards-and-a-cloud-of-dust-bioheart-makes-it-across-the-ipo-goal-line-but-with-little-to-show-for-its-struggles/

Notice, it states:

"Leonhardt, by the way, now owns just over 32 percent of the company, a holding worth about $24 million at Bioheart’s current valuation. Ms. Farley, meanwhile, exercises control over a 3.4 percent stake in the post-IPO company, now worth about $2.5 million."

If Leonhardt owned 32% of the company post IPO and that stake was worth about $24 million then (remember, it RAPIDLY collapsed post IPO, within only months, the stock chart is a straight down ski slope, for all intents and purposes) then the MARKET CAP on Feb 19, 2008 WAS ABOUT 3 X $24 million = $72 MILLION and NOT THE SUPPOSED $5 MILLION CLAIMED HERE. WRONG. The market cap has COLLAPSED MASSIVELY BY APPROX. 90% OR MORE SINCE THE IPO, from about $70 MILLION in 2008 to about $5 MILLION OR LESS TODAY, SIMPLE AS THAT.


http://www.wsj.com/articles/SB120347855456979345

Wall Street Journal commentary on what a DUD their IPO was- a total bust. They were in financial trouble before the IPO and in financial trouble after the IPO and in financial trouble to this day. NOTHING has changed much, LOL !