US Stem Cell Inc (USRM)

[Dragon Lady]

USRM is a GOING CONCERN, LOADED IN DEBT, LOL !!

TOTALLY FALSE to even remotely "try" and claim this train wreck has "no debt", LOL???

Their 10-K is loaded with debt, they are a GOING CONCERN as they're for all intents and purposes INSOLVENT (meaning not enough cash on-hand to pay even their most immediately due bills), they have near ZERO assets, and despite 300 MILLION shares of dilution from Nov 2015's 1-for-1000 REVERSE SPLIT (they were at 1.5 BILLION SHARES outstanding and issued by Nov 2015 and trading in the TRIPS, the POS triple ZEROS so they did a "makeover" by scrubbing their old stinky corporate name and doing a MASSIVE 1-for-1000 REVERSE SPLIT, a train wreck to all their original investors, including Chairman Murphy who's taken massive, massive losses on this POS), and despite 300 MILLION shares of common share dilution in less a lousy year, they still end up near CASH BROKE, A GOING CONCERN, and added almost NO ASSETS...oh, and their TOTAL LIABILITIES INCREASED, just check their balance sheet column of 2015 versus 2016, PAGE F-3, just filed SEC 10-K.

Those are the FACTS. Their finances are in dire straights as they've been since at least 2009/2010, and have never really improved. If it wasn't for butt loads of toxic, convertible debt in 2015/2016 and now "factoring" borrowing, aka payday loans by PowerUp Lending group against all future receivables, related party notes owed, etc they've of been BK a long, long, long time ago, per all generally accepted accounting principles.

https://www.sec.gov/Archives/edgar/data/1388319/000118518517000574/usstemcell10k123116.htm

Just filed SEC 10-K, PAGE 42

"
At December 31, 2016, we had cash and cash equivalents totaling $270,720; our working capital deficit as of such date was $5,834,548. Our independent registered public accounting firm has issued its report dated March 8, 2017 in connection with the audit of our financial statements as of December 31, 2016 that included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern.

As of December 31, 2016, we had $7,829,111 in outstanding debt."

PAGE F-36 (they're so cash poor, they pay their damn law firm in shares of stock, LOL !! Along with probably the plumber and any other "service" providers, they dilute stock like pulling squares off a roll or toilet paper, LOL !)

"Subsequent stock issuances

In January 2017, the Company issued an aggregate of 1,255,623 shares of its common stock in payment of services rendered and 45,531,246 shares of its common stock in settlement of convertible notes and accrued interest of $58,075 and $1,820, respectively.

In February 2017, the Company issued an aggregate of 76,082,378 shares of its common stock in settlement of convertible notes and interest of $95,435 and $23,642, respectively.

In March 2017, the Company issued 3,225,807 shares of its common stock in payment of $25,000 of legal services and an aggregate of 42,657,254 of its common stock in settlement of convertible notes and interest of $59,865 and $3,571, respectively.

Stock Options

On February 6, 2017, the Company issued 16,200,000 stock options to US Stem Cell Inc. employees.
"

They're financial condition is dire, as it has been since at least 2010. It's indisputable. They, at any given time, don't have enough cash to pay even their immediate due bills. AND, despite 300 Ma MILLION SHARES OF TOTAL DILUTION in less than a year, their assets barely increased, their total liabilities INCREASED, and they ended 2016 with a lousy $270K cash left to their sad name. PATHETIC. Penny-ville to the stinky tee.