US Stem Cell Inc (USRM)

[Dragon Lady]

LMAO,

It appears that the trial will be rescheduled. In the motion below that was submitted today, the plaintiff (FDA) proposes that the pre trial date be set for May 11th with the trial beginning May 26th.

I said weeks and weeks ago that the "trial date" of 2/11 was pure BS.

NEVER would a trial date be set w/o a PRE "TRIAL conference" being held between the judge and all attorneys present, not a chance in hell.


That bullshit 2/11/2020 date was literally auto-set "on the docket" the DAY the lawsuit was entered onto the the Clerk Of The Court's docket/scheduling system, over 1.5 yrs ago now.

Once this went from MOTION FOR SUMMARY JUDGEMENT to "trial" as requested by the plaintiff, that "trial date" was going to be reset well, well into the future after numerous hearings/motions will occur - and most likely it will get reset again, more than once.


AND, contrary to the disinformation, it's not a "stall tactic" by the FDA. BS !

EVERY trial attorney has the right for time to prep for trial, decide to submit motions such as "extension of discovery" or "addition of expert witnesses" etc. There's going to be more motions filed- and more delays as the judge can take AS LONG AS THEY WANT or need to rule on any motion submitted, and the CA courts are slow as hell and backed-up and judges overworked, etc.

This trial will be ONE YEAR MINIMUM is my guess, from today until a ruling is made.

They need to finish discovery if so requested, vet expert witnesses, go through jury selection, seat the jury, more motions, delays even for vacations may occur due to the judge going on leave or a key attorney, etc.

Criminal trials, with the perp RED HANDED ON FILM take 2 yrs usually in CA at a minimum. Civil trials in CA over loaded courts - at least 1 yr easy.

The 4th blinded lady civil case in FL (Jeannine Mallard of France versus U.S. Stem Cell Inc Florida and Kristin Comella et al), which USRM just recently lost and settled via paying out large cash settlements, it took TWO YEARS and a few months now from start to finish. And it was just a product liability/butcher the patient case. NO constitutional law issues in play, etc. TWO YEARS and a few months to close that simple civil case - w/ USRM and the gang paying out $millions to the plaintiff. Lost again :)

AND, IF (which is not likely) IF the FDA were to lose at trial- IMMEDIATE APPEAL will occur and it goes on another year or so from there.

USRM is BK for all intents and purposes AS OF NOW per their last SEC 10-Q filing. SEC filings tell the truth and true dismal condition of this sham.

USRM had (past tense) a grand total of $78K cash left to their pathetic name and now rent-a-desk "headquarters" at the "virtual office" after they dumped their prior leased facility. They had ACCOUNTS PAYABLE of $1 million plus, those are bills due in 30 to 45 days net typically. $78K cash w/ $1 million owed = BK.

On June 1, 2020 which is only 3 short months away- they owe a COURT ORDERED settlement of $1.4 MILLION large to plaintiff Brenda Leonhardt, the ex-wife of Bioheart founder Howard Leonhardt. The court in the final settlement of that lawsuit stated, "This court remains on standby to enforce the provisions of this settlement". USRM has no way in hell to pay $1.4 million dollars on June 1, 2020.

Leonhardt can file a action for BK and put them out of their misery- as Tomas has skimmed off nearly all cash to himself and Comella, never setting a dime aside to pay Leonhardt what she is legally owed. If it was me, I'd BK um just for spite, as you're never going to see a dime of your money anyways - not with this gang, not a chance in hell. ALL goes to the pockets of Tomas and "friends".

This is not going to end well. USRM will file a SEC 10-K on March 12th or so approx, about 30 days from now- and it's going to show just how BROKE THEY ARE and how much more their debts have grown and gone unpaid.

As of last SEC 10-Q USRM had key, key LOANS IN DEFAULT status already, pre BK or insolvent essentially. READ THEIR DISMAL SEC FILINGS - all else is BS !

https://www.sec.gov/Archives/edgar/data/1388319/000118518519001521/usstem20190930_10q.htm

AND, contrary to another myth NO INSIDERS HAVE BOUGHT SO MUCH AS ONE, NOT ONE share LMAO !! BS, bullshit. FORM 4's are for FREE OPTIONS Tomas grants to himself as usual- he's not BOUGHT ON DAMN SUB ONE CENT POS SHARE of this disaster. Another bullshit piece of misinformation being perpetuated. Just total BS !

RIP USRM - this goose is cooked, past well done LMAO !