US Stem Cell Inc (USRM)

[Dragon Lady]

Quote LOL, "cause they own the space next to it to. take a hard look to your left and you will see they own PLENTY of property

OWN SPACE?? This company doesn't "OWN" a damn thing. They have all most no assets, and ZERO real estate assets. READ THEIR DAMN BALANCE SHEET, last filed 10-Q, 3 months ago. They don't own so much as 100 sq-ft of any real estate, let alone the facility in your little picture, the generic shot from the parking lot, LOL !

THEY LEASE A SMALL FACILITY, which by the way, they had to renew not long ago, LOL !! SEC FILINGS. WOW. They don't "own" anything in that little light industrial/combo office space they're leasing.

It's not even rated heavy industry/industrial manufacturing like for serious manufacturing, they got damn mortgage brokers and crap a few doors down. Meaning you can't even do any serious bio-manufacturing there- they'd not have the water supply, the DI water capabilities, the electrical power and possibly natural gas needed, the backup generators and often even co-generation right on site, the massive air conditioning and HEPA filtration infrastructure, the stainless sterile piping running where, in the damn drop-down ceiling tiles LOL, the waste disposal areas which is the freaking PARKING SPACES FOR OTHER OFFICE WORKERS, etc. Gawd, like I've never been around the block in real "manufacturing", of all various types ? Loading docks and warehousing, containment for bad or recalled product w/ fencing etc. WHERE? WHERE IS THAT in a "suite" type building? It's not even manufacturing space, so where they gonna make this FDA APPROVED FREAKING PRODUCT, eh?????

https://www.sec.gov/Archives/edgar/data/1388319/000118518516003859/usstemcell10k123115.htm

Last filed SEC 10-K, PAGE

"Item 2. Properties

Our headquarters are located in Sunrise, Florida and consists of 4,860 square feet of space, which we lease at a current rent of approximately $82,620 per year. The lease expired in January 2013. In January 2013, the Company amended its facility lease to extend the term of the lease until April 30, 2013. In April 2013, the Company amended its facility lease to extend the term of the lease until August 15, 2013. In September 2013, the Company amended its facility lease to extend the term until July 31, 2016."

"On February 4, 2016, the Company extended its facility lease to extend the term of the lease until August 31, 2019 at a monthly base rent of $7,306 plus a pro rata share of landlord’s operating expenses In Connection with the renewal, the Company was required to pay $11,072 security deposit."

Hell, when I've been "on the move" a few times in life, and had to put down 1/2 that much security deposit to rent a freaking residential home, LOL ! That's like 4 months rent on a decent home. I thought you're ole OC dude? Newport beach, eh? Well, that doesn't even make a payment on anything from which you can see even a sliver of water peaking through a view, LOL ! Can guarantee you that. It's noise level money in S. Orange County when you get within 2 miles of the coast itself. Newport, Laguna, Palos Verdes, Dana Point, and forget freaking Malibu or anything heading west, near Santa Barbara or whatever.

My local gym is 4 or 5 times that square footage. USRM LEASES IT for freaking $7K a month. Crap, my local pizza joint, which can seat a 100 people or more after ball games and stuff, the dude owns the place, and can rent if for more than that. It's noise level money, in terms of a bio-pharma "manufacturing" or "research and development" facility. I got small private physician groups, 3 or 4 docs in a "group practice" in a building, running bigger operations than that, and many of them, THEY OWN THEIR DAMN BUILDING, the freaking real estate, it's part of their investment plan, LOL !

Dare away !!