US Stem Cell Inc (USRM)

[Dragon Lady]

USRM death spirals to STINKY PINKY status oh boy...

SEC 8-K filing today - it's fugly ugly now.

Well, Mike Michael Miguel Tomas today, he had to sign (I guess he's Michael today LOL !) had to sign and submit a SEC FORM 8-K, notice of "major material event" that their stock (sub one cent toilet paper) has been de-listed from the OTC Markets "QB TIER" - and demoted to true stink-pinky land status.

$USRM, A real bottom dragger crash n burner now.

They told the FDA to F-off in no uncertain terms - just watch old Kristin FAKE PhD Comella video rants and all- and the FDA/DOJ took um to the cleaners and now the fallout continues. It's gotten past fugly ugly.

Tomas recently "trying" to dump the legal embattled stem cell banking biz. On-going civil suits for harming "patients" (victims) gravely, it never ends.

Their cash line collapsing under the weight of massive legal bills- and their sales in a huge decline for being law violators and more negative publicity (FREE) than they could have ever dreamed of after blinding/butchering ladies, telling the FDA to F-off, getting sued by thee DOJ/FDA and losing big, and more.

They fought the law, and the law won - kicked their sorry asses and big, dumb egos right to the curb.

Market cap - a piddly $2 million bucks and CEO Tomas has a pay package per their last SEC filing of approx $1 MILLION annually, LOL !

Tell me that isn't a OTC-ville classic sham-wow special. The dude has lost literally 99.999% of shareholder value- and is sucking this corpse dry for every last penny he can milk- gotten filthy wealthy off this sham, he and Comella both.

Comella jumped like a rat from the stinking sinking ship and it now it's basically the Mike Michael Miguel Tomas show- at their tiny facility U.S. Stem Cell Inc Sunrise Florida. And a enough lawsuits and legal problems still on-going to choke off a good sized law firm.

By June 1 2020, they owe Brenda Leonhardt (ex wife of founder Howard Leonhardt) they owe her a court ordered, court backed settlement of approx $1.2 million large, enough to BK U.S. Stem Cell Inc, aka USRM once and for all- they ain't got the cash now, they ain't gonna have it then. Not a chance in heck. BK is coming on fast looks like to me.

SEC 8-K today- demoted to the true PINK SHEETS, the stinky pinks:

https://www.sec.gov/Archives/edgar/data/1388319/000118518519001384/0001185185-19-001384-index.htm

https://www.sec.gov/Archives/edgar/data/1388319/000118518519001384/usstem20191015_8k.htm

Quote:

"Unless otherwise indicated or the context otherwise requires, all references in this Form 8-K to “we,” “us,” “our,” “our company,” or the “Company” refer to U.S. Stem Cell, Inc. and its subsidiaries.

ITEM 3.01 NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OF LISTING.

On October 15, 2019, the Company, as a result of being unable to meet the $0.01 bid test, is no longer being quoted on “The OTCQB® Venture Market” but is being reported on the “pink sheets” under the symbol “USRM.PK.”

The Company will continue to provide all requisite reports pursuant to the Securities Exchange Act of 1934, as amended.
"

Crash and burn. Can't even maintain ONE LOUSY CENT- and Tomas, nor Comella or any other insider bought so much as ONE, ONE lousy share LOL ! All one needs to know- Tomas milks this thing for a base salary of $700K or whatever it is, and he won't buy his own toilet paper shares- for the price of 1/2 a cent, a piece of dirty gum scraped off his high priced leather shoes, LOL !

Dude lives large- like he's some fantasy damn Fortune 500 CEO, while running a penny sham operation right out of Wolf Of Wallstreet. Now DOJ busted and probably more to come.

Only gets worse from here looks like to me- this pile of wreckage is headed to BK and a no-Bid sooner than later if you ask me. $2 mil market cap and debts and bills owed of 3X times that amount. They're busted broke- and a huge debt due June 1, 2020, the D-Day event.

Stick a fork in it- as this one is past cooked, well done.