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Thursday, March 18, 2021 4:52:19 PM
And then - THEE END (roll credits and final curtain closes)
USRM IS SERIOUSLY "SEC DELINQUENT" and a "RED STOP SIGN" OTC non filer "dark" status AND is under a heavy social media "promotion" peddling LIES AGAIN (minutes into the close) about "LATE MARCH/EARLY APRIL COURT MUST RENDER DECISION" followed by fake link to CA STATE COURTS and using it to hype the P&D on USRM !!
THAT is what is potentially about to happen here - and "trying" to sell so much as 10 cents worth after a SEC SUSPENSION = might as well be trying to turn scrap metal into gold like an old alchemist :)
USRM is for all intents and purposes a $269 a month RENT-a-DESK and not much else that anyone kind find or discern (little to no cash, no assets, no intellectual property, no R&D spending, no facilities let alone medical stem cell R&D facilities etc) and MASSIVE DEBTS OWED now in court being sued by several old creditors (ONE CASE ALONE = $1.4 million PRIOR COURT BACKED DEBT = BK to USRM when she wins a judgement which she certainly will again !!) =
The patient USRM is on the table in the ER and the monitor just started going Beeeeeeeeep and the display is a FLAT LINE = this "company" the rent-a-desk could be soon dead !
Bury it - RIP USRM :)
Folks can GET OUT NOW and "maybe" manage to salvage a few $thousand if even that - as buying a SEC SUSPENDED crap-o-special has been BANNED at nearly every U.S. based brokerage = almost no market "being made" in OTC SUSPENDED SECURITIES shares any longer. It could go fully ill-liquid VERY RAPIDLY !!
OTC "STOP SIGN" highly promoted "companies" which is what USRM is now (social media being heavily used to promote 100% false info about this one man show and micro company - how many clinics do they even have left open ? They only PARTIALLY EVER "owned" 3 in their peak LOL !! THREE "part" owners ???) these SUSPENSIONS below that also "painted" themselves as "vast corporate operations" and "World leading global operations" etc when NOTHING was further from the truth GOT SEC SUSPENDED VERY RECENTLY !!
LAST SEC FILING USRM EVER MADE they "had" $78K total cash left against MASSIVE "accounts payable" (bills due in less than about 90 days max) exceeding $1 million and they had MASSIVE debts owed with SEVERAL IN "DEFAULT" = THE REAL CONDITION of this "company" which appears today to conduct no actual "business" or real operations and is "DARK" on their filing status- so no one can possibly even know how dire their condition really is:
LAST 10-Q THEY EVER FILED IN FREAKING 2019 !!!
PAGE: 14
https://www.sec.gov/Archives/edgar/data/1388319/000118518519001521/usstem20190930_10q.htm
QUOTE:
"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 for nine months ended September 30, 2019, the Company incurred net losses of $3,158,293 and has a working capital deficit (current liabilities in excess of current assets) of $8,751,403. These factors among others raise substantial doubts about the Company’s ability to continue as a going concern for a reasonable period."
AND:
PAGE 19/20
"
Hunton & Williams Notes ($394K unpaid debt owed !)
At September 30, 2019, the Company is in default and is negotiating payment structure. The remaining unamortized debt discount at September 30, 2019 was charged to current period operations.
"
https://www.browardclerk.org/Web2/?AccessLevel=ANONYMOUS
CASE: CACE20012095 ($1.4 MILLION DEFAULTED DEBT = USRM = BK !)
AND
CASE: CACE20016818
HOW HOW HOW they going to pay $MILLIONS in default debts owed when they get COURT BACKED JUDGEMENTS AGAINST THEM ??????
SEC IS NOT JACKING AROUND ANY LONGER since the Gamestop and Reddit bullshit happened :)
GET OUT WHILE STILL A CHANCE AT ANYTHING ALERT !! RED ALERT !!
https://www.sec.gov/litigation/suspensions/2021/34-91213-o.pdf
https://www.sec.gov/litigation/suspensions/2021/34-91170-o.pdf
![](http://investorshub.advfn.com/uimage/uploads/2021/3/15/farldUSRM_Clinic_Covid_Loans.jpg)
![](http://investorshub.advfn.com/uimage/uploads/2021/3/9/xtmsrUSRM_wipeout_chart.jpg)
https://www.otcmarkets.com/stock/USRM/disclosure
"
Pink No Information
Company is not current in its reporting obligations under Section 13 or 15(d) of the Exchange Act.
Delinquent SEC Reporting
Warning! This company may not be making material information publicly available
Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.
"
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
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