US Stem Cell Inc (USRM)

[Dragon Lady]

10-K: STILL GOING CONCERN and LIQUIDITY WARNINGS..uh..uh..

THEY DO NOT "MAKE IT" as a business...they are BROKE w/o DILUTION and constant financial smoke-n-mirrors parlor tricks...and one wonders why the SEC IS NOW FORMALLY INVESTIGATION THEM...LOL...

Close to $2 MILLION of their cash (and they are ALWAYS NEAR CASH BROKE) went to pay just Tomas and Comella who are now running the smoke-n-mirrors GACP sham-wow special...clinics in DIRECT COMPETITION to USRM and its shareholders...while USRM uses a majority of ITS CASH to pay them to be a PART TIME CEO and CSO while they're off self-enriching and side-gigging WORKING FOR/GETTING PAID FROM GACP (and I'd put down bank both are likely private, secret, un-named members of those lil LLC corps too..taking a cut of profits and all..yepper...that be what I think and see), GACP a 100% PRIVATE OWNED, PRIVATE HELD COMPANY that has $ZERO to do with USRM (GACP is "expanding" when THEY OPEN a AMERICAN STEM CELL CENTERS OF EXCELLENCE CLINIC...but it does NOTHING for USRM and their "books" or assets, etc..not a damn thing)...GACP owned clinics add NOTHING to the USRM asset column...is not "owned" by USRM or the shareholders etc. NEVER in all my days (even for OTC-ville sham-wow train wrecks like this one) have I seen stuff this egregious before...

BUT..they just got um a shiny new SEC SUBPOENA and FORMAL INVESTIGATION so I think their little gravy train and self-enrichment party is about to come to a VERY BAD ENDING...not "IF" anymore...just "WHEN" now IMO....yepper....TWO FEDERAL INVESTIGATIONS are about to open this mess up like a power can-opener on a can of stinky tuna...

"REVENUES" don't mean jack SH$%T...they SPEND MORE THAN THEY EVER TAKE IN and thus can be rapidly BK or GO BROKE w/o a constant source of DILUTION and shoveling money around for CASH SURVIVAL.....simple as that....

JUST RELEASED SEC 10-K:

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

PAGE F-12:

"
NOTE 2 – GOING CONCERN AND MANAGEMENT’S LIQUIDITY PLANS

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements during year ended December 31, 2017, the Company incurred net losses of $3,481,491 and as of December 31, 2017 has a working capital deficit (current assets less current liabilities) of $5,360,187. These factors among others may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.

The Company’s primary source of operating funds in 2017 and 2016 has been from revenue generated from sales with additional cash proceeds from the sale of common stock and the issuance of convertible and other debt. The Company has experienced net losses from operations since inception, but expects these conditions to improve in 2018 and beyond as it develops its business model. The Company has stockholders’ deficiencies at December 31, 2017 and requires additional financing to fund future operations.

The Company’s existence is dependent upon management’s ability to develop profitable operations and to obtain additional funding sources. There can be no assurance that the Company’s financing efforts will result in profitable operations or the resolution of the Company’s liquidity problems. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern."

END QUOTE.

IF..IF...IF...they can not and do not CONSTANTLY SECURE "FINANCING" and DILUTE THEIR SHARES...they rapidly GO BROKE and now..now..TOSS A BIG LEGAL BILL LOG ON THAT BONFIRE (LOL!)....it only GETS WORSE FROM HERE NOW....THE FEDS ARE ON UM...like stink on a bad monkey......