US Stem Cell Inc (USRM)

[Dragon Lady]

Quote LOL, "Anyone know the court date for settlement? Isn't around mid july "

WHAT?????? What supposed "settlement" or fictional.. "settlement date"....????????? LOL....

The FDA/DOJ OFFERED A "settlement deal" to USRM and Comella and the gang BEFORE they took um to court....INJUNCTION was one of the set criteria to the FEDS "OFFER TO SETTLE" and USRM turned um down......WHICH EARNED USRM and Comella and crew A SHINY NEW, FORMAL AND PERSONALIZED MEGA-BUCKS TO DEFEND DEPARTMENT OF JUSTICE LAWSUIT NOW... being prosecuted by the U.S. Attorneys of thee United States as the Plaintiff....

There's not a freaking set or supposed "settlement date" already....where did that myth come from ?????

https://www.pacermonitor.com/public/case/24475300/United_States_of_America_v_US_Stem_Cell_Clinic,_LLC_et_al

There's the court docket...WHERE DOES IT SAY "SETTLEMENT"...LOL...???

MOST RECENT SEC 10-Q, PAGE 24 (the govt OFFERED THEIR SETTLEMENT TERMS)

QUOTE:

"Government Inquiry

By letter dated March 22, 2018 and provided to the Company on March 25, 2018, the Company received correspondence from the U.S. Department of Justice explaining that the U.S Food and Drug Administration believes that the Company (along with U.S. Stem Cell Clinic, LLC and Kristin Comella) violated the Federal Food, Drug, and Cosmetic Act. In this correspondence, the U.S. Department of Justice offered to settle the purported violation if the Company agreed to terms, including an injunctive action. The Company has retained counsel and authorized counsel to commence discussions with the U.S. Department of Justice and believes, but cannot guarantee, that a favorable settlement will be reached. The Company is not able to predict the duration, scope, results, or consequences of the U.S. Department of Justice discussions. There can be no assurance that this matter will be resolved in a manner that is not adverse to the Company."


It's now a FEDERAL LAWSUIT....IF USRM were to "settle" it's PRIVATE UNTIL the Judge approves it and it goes "ON THE DOCKET" etc which ain't happening...FEDERAL COURT MOVES AT A SNAILS PACE...the FIRST hearing(s) before the Judge is in mid July....that's basically a "rules of the game" hearing where the Judge instructs both sides on conduct...what will be allowed and not allowed...might even look at first round of motions and say which are good or not....

Meanwhile....USRM and Comella is BURNING CASH LIKE A BLAST FURNACE...the kind of attorneys they need to "try" and even fight this...$500 to $1K an hour now days....can run USRM close to a $MILLION more than likely to defend themselves against VERY SERIOUS ALLEGATIONS....AND...they now have a FORMAL SEC INVESTIGATION OPENED ON UM TOO...

They're getting legally pounded like being shelled by a battery of 155 HOWITZERS...it's like legal hell-fire getting rained down on um...AND they have a CIVIL SUIT they're defending in Broward county for the BLINDED LADY Jeannine Mallard of France...the last one of those they LOST/SETTLED cost um $100K in insurance co-pays for the LOSS...which CE Tomas per the last 10-Q STILL HAD NOT PAID...MORE CASH THEY OWE....

USRM is near CASH BROKE AT ANY GIVEN TIME relative to their bills due and owed....thus they operate as a constant GOING CONCERN and LIQUIDITY WARNING per their own SEC FILINGS....these lawsuit bills CAN'T BE PAID IN SHARES OF PENNY STOCK (LOL !!) which is how CEO Tomas often pay the bills in other cases per their own SEC FILINGS...their cash-line is gonna get nuked by HUGE LEGAL BILLS...it's all down hill IMO....