US Stem Cell Inc (USRM)

[Dragon Lady]

Late to party CHANGES TUNE?

Doesn't jive with:

"by all accounts the Company is broke. Mgt/BoD has been paying expenses for the past three years. Mgt/Insiders created NorthStar to safe guard IP of Company and to replace a loan that was causing 8-10m shares a month in dilution. recent share increase from 190m A/S to 950million a/s CEO in blogs has been hinting at JVPs etc. ANGEL study under way. Company filed to the FDA for compassionate use and that should either be approved or an update on that with in the next three weeks. Company needs $10million to complete MARVEL Phase 2 of approved Phase II/III . roughly about 150 patients in the Phase II. same ole game lots of good science, but broke. "IF" funding is secured look for a pps in a run to the mid 30's. If not then look for a massive promotion IMO and a dilutive one at that,.but none the less a possible run. BTW, nobody ever went broke from taking a profit....."

http://investorstemcell.com/forum/bioheart-inc/29401-3.htm

5-2-13

You figure it out. "Feed" can't keep the story line straight or does it change based on other "factors"?

What's also noteworthy is just how WRONG that statement above is: "Mgt/Insiders created NorthStar to safe guard IP of Company and to replace a loan that was causing 8-10m shares a month in dilution. "?? Huh? What? The LOAN WAS IN DEFAULT. That's why Northstar was "created"?
http://www.bizjournals.com/southflorida/stories/2010/07/26/daily1.html

The loan was being "called" as in default, as in imminent BK, IMO of course, but read the news story in the Florida journal above, or simply read the 10-K about said loan being in default. Man, talk about spin zone? It's not to "safeguard IP"? They signed over the "IP" to Northstar as collateral for taking on/assuming the loan. That's the only "interpretation" that I'm aware of, again, from reading the 10-Q/10-K and similar. Or, just make it up as we go along?