US Stem Cell Inc (USRM)

[Dragon Lady]

Hybrid asked about IPO? I found this stock researcher's "take" very interesting- especially the part at the end where he shows all the interconnect "family" business relations. Found that very interesting. Read it for what it's worth- I think the guy is a pretty credible stock/company commentator - and this is back from 2008, the period that Hybrid was asking about.

http://10qdetective.blogspot.com/2008/06/bioheart-too-early-to-inject-hope-into.html

This is from HIS words/write-up at the end of the piece: "Corporate Governance

Florida’s unemployment rate for April 2008 was 4.9 percent, standing at its highest level since February 2004. Irrespective of the economic slowdown, BioHeart takes care of family.
Mr. Spencer, III, a member of the Board, is the father of Mr. Spencer, IV, Vice President of Clinical Affairs and Physician Relations.
Mr. Leonhardt, Executive Chairman and Chief Technology Officer, is the cousin of Scott Bromley, Vice President of Public Relations, and the brother-in-law of Ms. Sulawske-Guck, Vice President of Administration and Human Resources.
The Company, from time to time, enters into consulting agreements and arrangements with certain members of its Board of Directors, too:
BioHeart paid to Ascent Medical Technology Fund, an affiliate of 'independent' Director, Peggy Farley, Chairperson of the Governance & Nominating committee, a fee of $150,000 for the private placement of common stock in May 2007.
Mr. Leonhardt has guaranteed Dr. Murphy, a director, the repayment of his initial $200,000 investment in the Company, too!"

Editor David J. Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy."

Found that pretty interesting reading. Just my opinion- you can take it or leave it. But to me, very interesting. Maybe it tells a little bit about why the IPO went like it did? I don't know? Due diligence on your own. I just like to research, read everything I can find on a company that interests me.