US Stem Cell Inc (USRM)

[Dragon Lady]

MARCH 1st, 2018..USRM IS UNDER SEC INVESTIGATION....

IT IS USRM and their Sr Mgt and BOD being FORMALLY INVESTIGATED...NOT THEIR FREAKING "AUDITORS" as is falsely being claimed...their own SEC FILINGS says who got SUBPOENA FROM SEC...and it ain't their audit firm....LOL.....good gawd...It's Tomas, Comella, Murphy and "USRM" the company being formally investigated...PLAIN ENGLISH.....

It's in PLAIN ENGLISH...says the "commission" has ISSUED AT LEAST ONE OR MORE SUBPOENAS and is "FORMALLY INVESTIGATING" USRM for potential violations of the securities laws.

JUST RELEASED SEC 10-K, MOST RECENT, APRIL 2018 RELEASE DATE....SEC IS INVESTIGATING THIS POS....could END IT ALL....along with the on-going FDA INVESTIGATION per the FORMAL WARNING LETTER still wide-open and pending

https://www.sec.gov/Archives/edgar/data/1388319/000118518518000705/usstemcell10k123117.htm

PAGE F-30: WORD FOR WORD, THEY ARE UNDER FORMAL SEC INVESTIGATION-

"SEC Inquiry

On or about March 1, 2018, the U.S. Securities and Exchange Commission (“Commission”), Miami Regional Office (“Commission Staff”), served a subpoena upon U.S. Stem Cell, Inc., which seeks production of certain documents and communications including, among other things, minutes and other documents relating to the Company’s board and audit committee meetings, financial statements, and press releases. The Commission Staff is conducting a formal non-public, fact-finding inquiry of U.S. Stem Cell, Inc. This investigation is neither an allegation of wrongdoing nor a finding that any violation of law has occurred. The Company is cooperating with the Commission Staff and has provided, and will continue to provide, information and documents to the Commission Staff.

At this juncture, the Company is not able to predict the duration, scope, results, or consequences of the Commission Staff’s investigation. There can be no assurance that this inquiry will be resolved in a manner that is not adverse to the Company."

THAT is what leads to CIVIL INJUNCTIONS and often even CRIMINAL CHARGES being filed against company officers, etc. THEY'RE IN TROUBLE if you ask me...it explains EVERYTHING IMO as to why CEO Tomas COULD NOT GET THE 10-K RELEASED ON TIME....he was dealing with the SEC BREATHING DOWN HIS BACK AND NECK...the damn FEDS came a knockin AGAIN...FDA first..and...NOW THEE SEC...

This company will be lucky to survive IMO, if not be sent to BK just from the legal fees alone....let alone if they get fined CIVILLY or any company officer gets PERP WALKED or anything....STICK A FORK IN IT...their goose is past well done if you ask me....FRIED....ELECTRIFIED by high voltage...NUKED is more like it....