US Stem Cell Inc (USRM)

[Dragon Lady]

10-Q DISASTER: ON TRACK FOR RECORD LOSSES 2018

It's being FALSELY PROPAGATED AGAIN...that USRM SUPPOSEDLY "MAKES A PROFIT"....LOL....TOTAL BULLSHIT ALERT..RED ALERT...RED ALERT...

USRM/Bioheart has NEVER, EVER, EVER, EVER, EVER made so much as ONE CENT OF PROFIT since 1999 or since 2008 when they went public in their BUST OF AN IPO...and then ALL DOWNHILL SINCE...LOSSES...MEGA LOSSES...and a 1-for-1000 REVERSE SPLIT IN NOV 2015...meaning the TRUE SHARE PRICE TODAY is .000026 ea and thus they've produced 99% PLUS LOSSES TO THE COMMON SHAREHOLDERS SINCE being "in business"......as big a TRAIN WRECK AS THEIR EVER WAS...nearly all money goes to pay TWO INSIDERS enormous base salaries PLUS BONUSES and then interest on their debts and then Northstar LLC which is also INSIDERS and not much else....end of BAD OTC-VILLE STORY...

https://www.sec.gov/Archives/edgar/data/1388319/000118518518001385/usstem20180630_10q.htm

Their SG&A COSTS EXPLODED as did their LOSSES TAKEN....AGAIN..AS USUAL...paying insider's massive salaries (THE TWO) and PAYING LAWYERS..what else is their real "business" they're in cause I sure don't "get it" whatever it's supposed to be....??????

And now there is NO MORE "AMERICAN STEM CELL CENTERS OF EXCELLENCE"..so no Tomas bullshit "TEN NEW CLINICS TO BE OPENED" blah blah blah and "$5 MILLION to be invested"...blah blah blah BULLSHIT SANDWICH.... so kiss that SCAM-O-RAMA SHAM WOW GOODBYE and say goodbye to B-BALL PLAYER Salley who they used to try and run a P&D on the stock and flush like a POWER TOILET any fantasy revenues that would have come from that SCAM-o-RAMA that never was....ALL GONE NOW....NO GROWTH....STAGNATED....

https://www.sec.gov/Archives/edgar/data/1388319/000118518518001385/usstem20180630_10q.htm

SEC 10-Q, PAGE 5:

SG&A EXPENSES BALLOONED TO A MASSIVE : $2,076,548 SINGLE QTR

NET LOSS (single qtr EXPLODED to) : (1,244,534)

Their CASH DECLINED while they haven't even paid most MAJOR BILLS OWED YET including the $89K they still owe their insurance company as a CO-PAY FOR THE LOSS TO THE FIRST BLINDED LADY'S LAWSUITS...and they're gonna LOSE THE CURRENT BLINDED LADY SUIT by the same Plaintiff attorney = MORE CASH NEEDED TO PAY LOSSES

ADD-IN A MOUNTAIN OF COMING CASH-ONLY LEGAL EXPENSES to defend a FEDERAL DEPARTMENT OF JUSTICE big ole mega bucks LAWSUIT (law firms of the caliber that go to FEDERAL COURT don't work for shares of TOILET PAPER PENNY STOCK- which is how Tomas paid most of their bills so far to related parties) CASH...penny shares ain't gonna work with the LAW FIRMS or any other "real businesses" they owe money to who ain't "family" and "related parties" for vague entries like "services"...as Tomas is shoveling money to the Comella FAMILY as bullshit high paid consultants...

Obviously IMO, to help Kristi and her fave family members PAY THEIR LEGAL BILLS NOW as they are now being sued too...PAVILLION FOODS INC Holiday FL..he's paying um $250 an hour...FOR WHAT...Mary Comella is listed on Facebook as "intake coordinator" for Kristy’s stem cell clinic...about a $10 to $14 per hour job...but Miguel is shoveling her coin at $250 an hour...the SEC is gonna Looooove this "ALL IN THE FAMILY" sh%T when they charge this sham-wow operation if you ask me...

1) Department of Justice lawsuit = MASSIVE LEGAL BILLS

2) SEC FORMAL INVESTIGATION = MASSIVE LEGAL BILLS

3) Tomas has NOT EVEN PAID THE INSURANCE CO-PAY LOSS yet for the first BLINDED LADIES and they're in the process of LOSING THE NEXT BLINDED LADY CASE as we speak and MORE CIVIL LAWSUITS ARE GONNA FOLLOW = MORE LOSSES and eventually they will become UN-INSURABLE or their insurance premiums will cost more than all the cash they have....insurance companies DO NOT like to pay losses...

4) ANY CIVIL or "other" charges filed by ANY OTHER FEDERAL GOVT agency (SEC FOR EXAMPLE) and STICK A FORK IN IT cause it's gonna be even MORE FRIED than it already is...and it's BAKED AS OF RIGHT NOW...crumbling...IMPLODING....

The 10-Q is a DISASTER IN THE MAKING...they will NEVER HAVE THE CASH TO PAY THEIR LONG TERM DEBTS....DEBTS that right now would CONSUME EVERY DIME THEY HAVE....JUST TO PAY THEIR "ACCOUNTS PAYABLE" (bills due in 30 to 45 days typically) would come close to putting um in BK......

PAGE 13:

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

The accompanying condensed 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 six months ended June 30, 2018, the Company incurred net losses of $1,383,693 and has a working capital deficit (current liabilities in excess of current assets) of $5,394,386. 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 2018 has been from revenue generated from sales and cash proceeds from the sale of common stock and the issuance of convertible and other debt. The Company has experienced net losses and negative cash flows 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 June 30, 2018 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 or revenues realized from the Asset Sale and Lease Agreement 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.
"

BAD TO WORSE...they're a NON PROFIT (LOL)...have never since 1999 MADE SO MUCH AS ONE CENT OF PROFIT...they operate to BORROW and PAY INSIDERS and nothing else really...oh...PAY LAW FIRMS and LAWYERS TOO...

Other than that...NOT MUCH ELSE TAKES PLACE...$ZERO SPENT ON R&D LOL...for a joke of a micro company (it's a few people) who tout themselves as, "WORLD LEADERS IN STEM CELL MEDICAL RESEARCH AND DEVELOPMENT" blah blah blah BULLSHIT SANDWICH....

R&D spent in most recent qtr was a LAUGHABLE $863 PER MONTH in this 10-Q LOL...yeah....THAT is a supposed "world leader" AT NOTHING...LOL...

My local mom n pops PIZZA JOINT spends more per month on dough and tomato sauce than this sham-wow spends on supposed "WORLD CLASS STEM CELL MEDICAL RESEARCH AND DEVELOPMENT"...simple FACTS....$863 per month on R&D is a TOTAL JOKE and the FEDS KNOW IT..as BULLSHITTER USRM TOUTS THEMSELVES AS "THE WORLD LEADERS"....LOL...sure...sure thing Miguel and Kristy....

HAS ANYONE SEEN THE 95 YEAR OLD CHAIRMAN OF THE BOARD WILLIAM P. MURPHY JR...MIA FOR HOW LONG NOW...as the company he supposedly LEADS is being sued by the DEPARTMENT OF JUSTICE and the U.S. ATTORNEYS and is now UNDER SEC SUBPOENA....and the CHAIRMAN OF THE BOARD HAS NOT BEEN SEEN OR HEARD FROM EVEN ONE TIME SINCE....WHERE THE HELL IS THE OLD MAN...how is the CEO Tomas even being allowed to run this company still...how...?????
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