US Stem Cell Inc (USRM)

[Dragon Lady]

Agree- your version of "reading the 10-K" is pretty much an exact copy of mine. I'll read page one for present share count and compare to last 10-Q. Go down to balance sheet and look for "cash and cash equivalents" on hand. Then start reading the "financing" activities section to see if, what you describe as "toxic financing" is still going on, and how much- as in "convertibles" (that is the magic word). I usually open the 10-K in my browser and use the "search" document function and just search for every instance of "convertible" and read those lines first.

Also agree- getting those revenue "channels" and streams flowing is no slam dunk or easy undertaking. Will take time to build up to the $250K or $300K a month or so they need just to hit there day to day cash flow needs. So, will look for updates on "tourism" and other deals and did any revenue come from them yet.

Yep- good summary of how to read/examine this 10-K. I'll pretty much be doing the exact same "scan/read" method you will use.

We're all waiting for it- wanna see where things are at. If expectations are too high right now, it might let some air out of the tires. If it's got some good news in it- then we'll see. Oh, and of course we'll all be looking for Mirror. That will be the other key word I'll do a fast search on after I open the document. That's a big one- everybody is waiting to see what that one says. When I read the last 10-Q, I gotta admit I was a bit "miffed" to say the least, that the Mirror sorta got a boiler-plate at best, kinda passing mention. That sorta blew me away. I did a double check and researched the document- but it just wasn't there. It was near word for word what was in the 10-Q prior to that. So that Mirror is the big one that I think everyone is waiting to read too. Yep. We'll see.

Cash on hand, shares sold and new share outstanding count, financing activities- how much, what type, "toxic" or not; new business deal/adventures generating any income or not, and MIRROR. That's it in a nut shell for me.