US Stem Cell Inc (USRM)

[Dragon Lady]

OPENED DOWN 26.92%, RED, LOL!!!!

Well, that's a heck of a way to open a Friday's trading day I guess?? I guess them ole MM's spiking the close yesterday to "paint it green" was just that- a lil ole "painting the tape", cause the ole Bid never left the .002 range, and now just opened at .0019, only SECONDS after 9:30 AM Eastern today. SOLID RED, DOWN 26.92% in a single pop - HOLY FREAKING COW !!

0.00190 -.0007 (-26.92%)

0.002 / 0.0024 (10000 x 10000)

That .0019 trade was even below the posted Bid, the usual for these dilution MM's on this one it seems??? I don't even know how they do that- get trades to print below the posted Bid, but they seem to do it all the time on this POS? Bid still pinned down now at .002 and Ask already dropping to .024 from yesterday's "paint the tape" close of .0026

Amazing. HOW can this possibly end good? This looks to be in total collapse to me- just nowhere but heading down, and no, I don't think a massive 1000 to 1 R/S reverse split is going to slow the dilution selling or them using dilution or change anything of substance about the dire reality of their lack of cash and other major problems they have.

They have a $75K payment coming due by end of yr per the lawsuit settlement terms per their last SEC filing- where they gonna get that kind of cash when they finished the last Qtr w/ a grand total of $93K whopping bucks left in their bank account, LOL??????? AND I believe they have a major loan coming due- that they needed to "extend" last time, as they've never paid anything on it but the interest, so the principal is sitting unchanged ($980,000.00 Seaside Bank "note") and fully owed to this day- so if that doesn't get renegotiated again, that'd put um in a real bad spot too- seems to me?

http://www.sec.gov/Archives/edgar/data/1388319/000120677415002492/bioheart_10q.htm

From the last SEC filed 10-Q, PAGE 16/17:

"On June 1, 2015, the Company issued an amended and restated promissory note of $1,697,762 in settlement of the $1,500,000 outstanding subordinated debt (See Note 12), related accrued interest of $373,469 and accumulated and unpaid guarantor fees of $624,737 (See Note 5).

The note is unsecured and non-interest bearing with four semi-annual payments of $75,000 beginning on December 31, 2015 with the remaining unpaid balance due June 1, 2020."

I'm pretty sure that was the Brenda Leonhardt lawsuit they settled via issuing her a new "note" and promising to pay her now via installment payments- so that says right there in their last 10-Q, that starting on Dec 31, 2015, a few months from now- they have to make a $75K payment to her, CASH- not shares of stock looks like to me. So they'll need $75K of cold, hard cash, which for them is a big chunk IMO, seeing how they end every qtr basically cash broke, or very close to cash broke.

Same 10-Q, PAGE 25:

"Subsequent financing

In July 2015, the Company borrowed an aggregate of $180,000 under unsecured revenue based factoring agreements at an annual interest rate of 5% to 15% with aggregate daily payments of $1,464, including interest, over the term of the loan (189 days)."

So they've also borrowed against their own receivables (factoring)- and now must pay $1,464 CASH payments PER DAY. HOLY COW. SO that's approx. $44K CASH they're paying out each month now too on borrowed monies, cash they have to PAY FIRST, ahead of other obligations or I'd assume be in default on that loan too? That's a lot of cash going out IMO, for a cash poor lil ole company like BHRT??

Same 10-Q, PAGE 14:

"Seaside Bank

On October 25, 2010, the Company entered into a Loan Agreement with Seaside National Bank and Trust for a $980,000 loan at 4.25% per annum interest that was used to refinance the Company’s loan with Bank of America. The obligation is guaranteed by certain shareholders of the Company. The Company renewed the loan with Seaside National Bank and Trust during the first quarter of 2014 to extend the maturity date to December 23, 2015."

SO it looks like they were able (in 2014) to "extend/renew" the ole Seaside Bank loan- which sits "on their books", never being paid off to date, with a $980K balance (HOLY COW, almost $1 MILLION bucks) - and they got it "extended" last time to Dec 23rd, 2015. So unless they're able to get that loan "extended" or something again- that also looks like a major red flag coming up quickly IMO? If that loan gets "called" by the bank as due and payable or whatever- then what's ole BHRT gonna do then? I guess the ole mystery "guarantors" (which is Northstar LLC I'd assume and maybe a few other "mystery" people they never name or reveal)- I'd guess they'd be personally on the hook for that $980K, HOLY COW !! Dec 23rd, 2015 is also only a few short months away- so that's ANOTHER "big event" coming due this Dec. Wow.

My .002 or less AM Bid's worth- cause that's all an MM is going to give one for their shares now if they needed or wanted to sell um, even $100 bucks worth. A larger sell order, IMO, and these MM's would take that Bid down even lower- faster than one could blink, say if one wanted to sell a measly $5K worth or whatever.

NOT looking too good here IMO. Going from bad to worse seems to me. LOWER LOWS and LOWER HIGHS continually- unabated. It's gotten fugly ugly looks like to me.