US Stem Cell Inc (USRM)

[Dragon Lady]

Quote, "(not including the $3m in deferred salary/bonus)" ??

What?

There is no indication in any SEC filings that I'm aware of that the two execs (the only two execs this nano cap, tiny company has according to their web site) are not at least collecting their base salaries and also being paid off past CASH bonuses as their present bonuses accumulate healthy interest on "promissory notes" owed - only to be paid later out of dilution funds??

Their SEC filed 10-K's and 10-Q indicate CLEAR AS DAY to me that "salaries" is one of the biggest components to their huge SG&A (sales, general and ADMIN) expense line? (see latest 10-Q, PAGE 5, "marketing general and administrative" expense line entry of $998,133 thee single biggest expense line the company has)

It, that SG&A expense line entry even increases and they add a paragraph explanation about it and cite SALARIES as being a big reason for that increase. They have really, for all intents and purposes essentially no other "employees" at any given time (usually one other full time and maybe a part timer per their own SEC filings, 3 or 4 total employees most of the time per past SEC filings of the last few years, TWO of those being Tomas and Comella)- and certainly not any other high paid ones that I'd be aware of, as in the $million plus per yr between the two, the CEO and the CSO base salaries alone, so who would be getting the SEC filed "salary" money if not those two?

From the latest filed BHRT 10-Q, most recent, PAGE 30:

"Marketing, General and Administrative

Our marketing, general and administrative costs were $998,133 for the period ended March 31, 2015 compared to $ 833,329 for the period ended March 31, 2014, an increase of $164,804. The increase in costs primarily due to increases in salaries from $112,500 for the three months ended March 31, 2014 to $177,376 for the current period, an increase of $64,876, and our legal and consulting fees increased by $51,895 and $45,880, respectively, due to additional services provided."

THAT IS SPENT MONEY and it says on SALARIES. Clear as day- their biggest expense line entry on their entire financials (NOT R&D, not anything else) and it's for SALARIES. PAID SALARIES. REAL MONEY CASH GONE, SPENT ON SALARIES. No myth of being "deferred" or whatever? Where is that cited in ANY SEC filed document?

Here is the executive compensation table from the most recent filed 10-K, period ended 2014: It's PLASTERED WITH NOTES and sub notes and NOT ONE SAYS THAT THE SALARIES, the BASE SALARIES are "deferred" or not being paid, etc? NOWHERE? NOT HAPPENING? They are being paid their "salaries" - clear as day to me? They get interest earning "promissory notes" for their huge CASH BONUSES (for what, who knows, LOL as the common shares make new all, all time lows !!) - but they get those paid in increments later with healthy interest- one can see in the same SEC filings where past "compensation owed" gets paid off in chunks here and there, periodically, using dilution funds of course:



That compensation chart/table in the company SEC filing is PLASTERED WITH "notes" and sub notes- and NOWHERE does it say or indicate in any way, shape or form- that those two execs are NOT BEING PAID THEIR BASE SALARIES? WHERE IS THAT STATED?

WHERE in any SEC filed document is that indicated, that the CEO and CSO do not supposedly get paid their base salaries- as opposed to the paragraph cited above- that 100% indicated they, BHRT, had an INCREASE in their already large SG&A expenses (while R&D has been hacked to a pittance) and that a major portion of that increase was for SHAZAM, SALARIES.

Those execs are getting paid IMO and I personally see nothing in any SEC filing to indicate anything to the contrary? They've essentially TRIPLED their base salaries and their overall compensation in about the past 2 or 3 years as the stock has sunk to new all, all, all time lows. WHY would they be issuing raises to themselves if they're not even collecting pay supposedly- that makes ZERO sense IMO. They get raises so they can GET PAID that amount. Simple as that to me.

The common shares have lost about 99% of their value "on the watch" and under the tenure of this CEO, but he's tripled his base salary and "total compensation" in about the last 2 or 3 yrs (see SEC 10-K's from the past 2 yrs and the executive compensation table like the one shown above)-

.50 cents or so a share in mid 2010 when Tomas took over, to about .005, aka 1/2 CENT per share today, real time common share price (.50 cents to .005 cents is about a 99% loss to the common share value, just do the math). Also, there were maybe 30 MILLION or so shares O/S when Tomas took over as CEO, now diluted out well past 720 MILLION as of today and still climbing. For that- he's tripled his base salary, as well as, his total comp package per their own SEC filed 10-K statements.

Makes ZERO sense to me personally, none.