US Stem Cell Inc (USRM)

[Dragon Lady]

$USRM: DILUTION_OFFERING - Uh oh ? PROBABLY_CONVERTIBLE_DEBT !

Damn - this don't look good?

A UN-REGISTERED SALE OF SECURITIES using REG D and section 506(b) = the most common way to use TOXIC CONVERTIBLE DEBT OFFERINGS unless I'm mistaken?

https://www.sec.gov/Archives/edgar/data/1388319/000118518521000257/xslFormDX01/primary_doc.xml

ANY WAY it's sliced - it equals DILUTION as no "accredited investor" is going to pay anywhere near full price for shares on a PINK STOP SIGN STOCK -

AND CEO Tomas is even MORE SECRETIVE and MORE VAGUE than ever - as he REFUSED TO CHECK/FILL-IN THE "REVENUES" and "ASSETS" box on the damn FORM D = a giant WTF to me ?????

What - he can't disclose they have NO REVENUES most likely, like it's a secret LOL ??? Why not just be honest and CHECK THE DAMN CORRECT BOX ????

BY DOING THIS WHILE NON SEC FILERS (PINK SEC DELINQUENT) Tomas "knows" he can do it and not have to disclose a DAMN THING TO SHAREHOLDERS - he wouldn't even check the simple "WHAT IS THE APPROX REVENUES" of the company box = a big ole WHAT IN THE HELL?????

Looks like they are likely SO CASH BUSTED BROKE - he's raising a "starting" pittance of $190K which IMO sounds about right to PAY LAWYERS, PAY that $5K a month they owe on some civil lawsuit they lost for harming a patient or whatever it was, PAY THEIR OFFICER LIABILITY INSURANCE as they're in two different civil lawsuits as we speak - and just bullshit fees and costs like that.

I mean- I'm not even sure a lousy $190K could cover the costs to get "PINK CURRENT" when they're paying out the butt on mega legal fees and other costs right now - and likely paying Tomas as usual, etc ????

A $190K isn't enough to make a wit of difference to actually "conducting or expanding the business or performing business operations" IMO.

Looks to me more like SURVIVAL CASH - and not much else.

Also - Tomas left it OPEN ENDED meaning he can dilute and offer more UN-REGISTERED PRIVATE PLACEMENTS (Code for TOXIC DILUTIVE CONVERTIBLE DEBT most often) for as long and for as often as he wants - as long as they are "accredited investors" which is what HEDGE FUND TOXIC DEBT LENDERS are by definition.

This is looking more dicey here to me now - NOT A GOOD SIGN. I'm betting they are CASH BUSTED BROKE as in literally CLOSE TO $ZERO and had no other choice but to DILUTE NOW and raise anything they could to "try" and hang on here and PAY THE NEVER ENDING LEGAL BILLS - which is their "business" for now, for all intents and purposes that I can see - what else do they "do" as of right now?

They sure as hell are NOT a "stem cell world leading research company" or even a "stem cell clinic operator" or much of anything else I can see or find any longer ? No "stem cell training" either - let alone any "vet or animal" BS.

Appears to be thee MIKE TOMAS SHOW at a rent-a-desk and not much else at this point- and now LIKELY CONVERTIBLE DEBT at the peak of the share price rise = "just like the old days" LOL !!

Well - even at some fixed ratio, I can't "see" any debt lender paying more than 50% AT BEST for these shares when PINK STOP SIGN - and more likely they want a true toxic note is my "guess" = a hell of a lot more potential dilution can hit here later:

Even at $190K lousy bucks = a minimum approx 10 MILLION discounted dilution shares and if truly a "TOXIC CONVERTIBLE NOTE" = a hell of a lot more than that would be my guess.

USRM must be on the ropes for cash IMO - why else file a vague, secretive "D" offering w/o even disclosing estimated range of revenues and assets via checking TWO simple boxes on the basic SEC FORM - unless hitting rock bottom?