US Stem Cell Inc (USRM)

[Dragon Lady]

FOUR..FOUR "customers" MAKE UP ALMOST ALL REVENUE..

Where's these fantasy 100's of clinics BS they supposedly sell their "whatever" to? WHERE? WHERE IS THE LIST WITH NAMES, ADDRESSES, WEBSITES, etc??

10-Q says that FOUR, FOUR lousy customers, ONE OF WHICH IS COMELLA'S FDA "WARNING LETTER" clinic, USCC, that those FOUR, FOUR make up over 75% OF ALL THEIR SALES....lets see some splainin about THAT, Tomas...eh ??

To me..DOES NOT JIVE with all the bloggy tales and other "claims" they make....not even close....

https://www.sec.gov/Archives/edgar/data/1388319/000118518517002260/usstemcell10q093017.htm

PAGE 37:

"Concentrations of Credit Risk

As of September 30, 2017, four customers, one of which is a related party (US Stem Cell Clinic LLC, a partly owned investment in which we hold holds a 33% member interest), represented 25%, 15%, 16%, and 21% of accounts receivable, respectively, representing an aggregate of 77% of our accounts receivable. As of December 31, 2016, four customers, one of which is the same related party above, represented 45%, 13%, 13%, and 12% of accounts receivable respectively, representing, an aggregate of 83%, of our accounts receivable."

Uh...77% OF ALL THEIR REVENUE comes from FOUR "customers" and ONE OF THOSE FOUR, is an INSIDER and a Board Member and Sr Company Officer...so they're doing biz with "THEMSELVES", with Comella who's now being investigated and under a FORMAL WARNING LETTER from thee Federal Govt FDA...not looking too good there IMO....FOUR...that's it....

SOoo if one "customer" changes to another vendor or whatever...you lose like 25% of your biz....if those numbers are even accurate...what the H happened to the fantasy "300 clinics" or whatever BS Tomas was boasting about recently...FOUR versus 300....what am I missing here....eh ??????

MAKES NO SENSE TO ME....NONE....??????