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USRM: CEO Tomas, CSO Comella UNDER FORMAL SEC INVESTIGATION...

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Dragon Lady   Thursday, 03/14/19 11:11:40 PM
Re: Disbelief1 post# 100047
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USRM: CEO Tomas, CSO Comella UNDER FORMAL SEC INVESTIGATION...

The 10-K CONFIRMED THAT THEY ARE STILL...STILL very much under FORMAL SEC INVESTIGATION....that's pretty grim IMO....the SEC doesn't have a lot of resources and thus does NOT get through review boards and to SUBPOENA POWER willy-nilly...they HAVE TO BELIEVE MAJOR CRIMES have been committed to be pursuing and dogging an investigation (FORMAL) for this long....

IF/WHEN they file charges against either Tomas and/or Comella or BOTH- this POS IS BAKED AND DONE...as the entire "company" is the MIKEY and KRISTY SHOW...just look at the MASSIVE PAY RAISES THEY GAVE THEMSELVES in the 10-K AS THE SHARES ARE AT RECORD LOWS and the company got wiped for ANOTHER $2 MILLION PLUS IN LOSSES....

AND NO...USRM DID NOT "MAKE A PROFIT" (LMAO !!) which is the stock bullshit FALSE NARRATIVE being propagated today....

THEY TOOK HUGE LOSSES ON THE YEAR as always....USRM has never, ever, ever, ever, ever, ever MADE SO MUCH AS ONE CENT OF "PROFIT" since they started in 1999....a joke of a company...a money pit.....

https://www.sec.gov/Archives/edgar/data/1388319/000118518519000351/usstem20181231_10k.htm

PAGE 30:

"SEC Investigation


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 the production of certain documents and communications. The Commission Staff is conducting a formal non-public, fact-finding inquiry of U.S. Stem Cell, Inc (“Investigation”). The Investigation is neither an allegation of wrongdoing nor a finding that any violation of law has occurred. The Company is cooperating with, and has provided information and documents to, the Commission Staff.

As part of the Investigation, on or about May 14, 2018, the Commission Staff served subpoenas upon Kristin Comella and Mike Tomas, respectively, seeking the production of certain documents and communications. Ms. Comella and Mr. Tomas responded to the respective subpoenas and provided 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 investigation. There can be no assurance that the Investigation will be resolved in a manner that is not adverse to the Company.
"


ON-GOING SEC INVESTIGATION...that ain't gonna end well LOL...

AND THE MASSIVE LOSSES AND GOING CONCERN...PAGE F-14:

"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, 2018, the Company incurred net losses of $2,160,427 and as of December 31, 2018 has a working capital deficit (current assets less current liabilities) of $4,410,129. These factors among others raise substantial doubts about the Company’s ability to continue as a going concern for a reasonable period of time.

The Company’s primary source of operating funds in 2018 and 2017 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 2019 and beyond as it develops its business model. The Company has stockholders’ deficiencies at December 31, 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 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."

LOSSES....they never made any DAMN "PROFIT"...TOTAL BULLSHIT.....

One MUST READ THE SEC FILINGS and NOT the Tomas issued BULLSHIT HAPPY TALK PR BS SPIN VERSION...the dude NEVER tells the truth in those BULLSHIT PR's he issued....

They took a $2 MILLION LOSS for 2018 and it's right in the damn SEC 10-K HE...HE...HE SIGNED....his PR is bullshit like always...slipping the word "profit" in it...to spin cycle this POS....


Posts are only my amateur opinions, personal views and thoughts. They are not any type of investment advice. Do one's own due diligence.
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