US Stem Cell Inc (USRM)

[Dragon Lady]

USRM does NOT "OWN" ANY NEW CLINICS, NONE !!

It's now CRYSTAL CLEAR to me, and stated in plain English according to what I just read in this 10-Q, that USRM does not "own" a single "STEM CELL CLINIC" , NOT ONE.

They, USRM, only "own" 33% of a clinic called, "U.S. Stem Cell Clinic LLC", the first one they claimed to "open", and hype and pump in PR as "OUR CLINIC" and similar. But they DO NOT "own" it, only call it a "33% partially owned investment" when it comes time for legally binding SEC filings, not "blogs" or BS PR bull crap.

THEN, the supposed "10 new clinics" a blah, blah, blah or whatever all that hype and pump BS was, along with the supposed "$5 million investment" is all being revealed now to be pure, high grade, pump BS to me. BS of OTC-ville classic, textbook style. ALL "new clinics", now named "STEM CELL CENTERS OF EXCELLENCE" are 100% PRIVATE OWNED micro LLC corps, filed by a company named GACP and THEIR PRINCIPAL’S and OWNERS, and NOT belonging one iota to the shareholders of USRM, aka U.S. Stem Cell Inc of Sunrise FL, this sub 4 CENT POS penny stock.

GACP not only "OWNS" all these new "STEM CELL CENTERS OF EXCELLENCE" (AND even the name, as they, GACP filed the fictitious name filing w/ the Florida Secretary of State and are listed as THE OWNERS) but it now appears abundantly clear to me, that CEO Tomas and CSO Comella are likely "hidden members" of same LLC's, now claim to be the CEO and CSO of these PRIVATE LLC's (while drawing ENORMOUS pay packages from this near cash broke penny POS, USRM), and likely self-enriching, in what appears to be a highly unethical co-mingling of private/public companies and what to me would be just good ole "self dealing", per SEC and other definitions they explain on warning sites to investors and other SEC commentaries, etc

NOWHERE, does this 10-Q state that USRM, this company, "OWN" so much as one lousy $DOLLAR's worth of any "NEW STEM CELL CLINICS" being opened, as hyped in the CEO bloggy tales, bogus PR and all the rest of the pump.

Oh, and RMAT, to me, was THEE PUMP of PUMPS, a set-up from day one, never likely to ever be heard about again IMO.

https://www.sec.gov/Archives/edgar/data/1388319/000118518517001674/usstemcell10q063017.htm

Just issued SEC 10-Q, PAGE 26 (THEE TELL-ALL IMO, CRYSTAL CLEAR how bad this has gotten, how corrupted if you ask me):

"American Stem Cell Centers of Excellence are clinics derived from the investment group behind the Asset Purchase and Leaseback Agreement. AMERICAN STEM CELL CENTERS OF EXCELLENCE provide comprehensive stem cell treatments using innovative technologies and the latest research with the intent that after treatment, the body’s own healing potential naturally repairs and regenerates damaged tissue. With a new clinic in Miami, Florida and, as we intend, additional clinics opening soon around the country, management contends that American Stem Cell Centers of Excellence provides comprehensive stem cell treatments using the U.S. Stem Cell Inc. innovative technologies and the latest regenerative medicine research. U.S. Stem Cell’s team of scientists have pioneered these in-clinic regenerative medicine protocols and, in our estimation, have helped thousands of patients through their partly-owned subsidiary U.S. Stem Cell Clinic. American Stem Cell Centers of Excellence would like to replicate this success and have partnered and, with the Board of Directors’ approval and continued oversight that this will not diminish their responsibilities to our company, have retained the professional services of both Kristin Comella and Mike Tomas AS CSO AND CEO RESPECTIVELY to help with scientific and successful operational deployment of their clinics. The board of directors contends that the successful deployment of American stem cell centers of excellence will lead to the financial value and revenue growth of US Stem Cell, Inc through sales of our products and services at American Stem Cell Center of Excellence clinics.
"

THAT, it about as unethical and unconventional and unheard of as I think I've ever, ever seen ??? USRM, A public traded company SELLS ONE OF ITS ONLY ASSETS to a group called GACP in what they called a "lease back", THEN, THEN the CEO and CSO of the same public company who unloaded their asset FOR SURVIVAL CASH to payback RELATED PARTY NOTES OWED among other insider dealings, now have the public company CEO/CSO "WORKING FOR" a PRIVATE LLC, one in which I'd put money on it, of which they are also secret, private members of same, and to which the public traded company USRM, not only pays them enormous salaries and BONUSES OWED etc, but SELLS CRAP TO THE SAME PRIVATE LLC's they now claim they will be CEO and CSO of, as private members of same? THUS, if PRIVATE LLC is profitable, then CEO and CSO of public traded company will SELF-ENRICH and benefit, while the public traded USRM paying them big bucks, gets jack crap??? WTF???? REALLY????

Again, nothing much could ever surprise me with these two anymore- but this, this is beyond the pale to me personally. I said it months ago, that I'd BET, that USRM DID NOT "OWN" the clinics being hyped and pumped in PR and bloggy tales and all the rest- and here it is proven correct, SEC FILED AND ALL.

FUGLY UGLY BAD to me- and IMO, likely a serious breach of company officer fiduciary duties among numerous "other legal/ethical problems", if I had to guess. The SEC will "figure it out" I'd hope- and I think they will, again, IMO.