US Stem Cell Inc (USRM)

[Dragon Lady]

Quote LOL NO, "COMPANY DEBT FREE FIRST TIME IN 8+ YEARS...BOOOOYAHHHH "

DEBT FREE WHAT????? LOL, NO !

This company ain't "debt free"?? TOTAL DIS-INFORMATION per their own just filed SEC 10-K, filed March of 2017.

They're (as usual) a near CASH BROKE ole "GOING CONCERN WARNING" per their own auditor's statements/warning, aka bordering on being INSOLVENT. They're loaded with debt while possessing very little cash to even pay "day to day" bills as they come due.

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

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.
"


"GOING CONCERN" is accounting-speak for being essentially "INSOLVENT" which means unable to generate or have on-hand enough timely cash to PAY ONE'S BILLS AS THEY COME DUE, which is the typical precursor to BANKRUPTCY or a major financing "restructuring" of a company.

They ain't "debt free", just total nonsense.