U.S. Stem Cell's partner clinic Dr Landow of Advanced Stem Cell was interviewed yesterday and mentions the partnership they have with Dr Kristin Comella. They also talk about an attorney from Venable that was at the Academy of Regenerative Practices regarding the FDA. I signed up and received this link for the video I don't know if it will work for other people or for how long it will be up.
Quote, "Expecting a massive quarter, hoping to see $2 mil in revs with an increase in profits too. "
WHAT ????? WHERE ?????? WHEN ????
Uh....WHAT FREAKING PROFITS ???????????? They're a GOING CONCERN and LIQUIDITY WARNING COMPANY...means they're barely surviving financially at any given moment PER THEIR OWN SEC FILINGS....
They're gonna report ANOTHER MASSIVE LOSS FOR THIS YEAR. Their loss as of Sept 30th THIS YEAR was LARGER THAN LAST YEARS - the "revenues" haven't amounted to jack sh$%T.
" 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 during nine months ended September 30, 2017, the Company incurred net losses of $3,828,368 and has a working capital deficit (current liabilities in excess of current assets) of $5,304,333. These factors among others may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.
The Company’s primary source of operating funds in 2016 and 2017 has been from revenue generated from sales and cash proceeds from the sale of common stock and the issuance of convertible and other debt. The Company has experienced net losses and negative cash flows from operations since inception, but expects these conditions to improve in 2018 and beyond as it develops its business model. The Company has stockholders’ deficiencies at September 30, 2017 and requires additional financing to fund future operations.
The Company’s existence is dependent upon management’s ability to develop profitable operations, to obtain additional funding sources and realize revenues from the Asset Sale and Lease Agreement described herein. There can be no assurance that the Company’s financing efforts or revenues realized from the Asset Sale and Lease Agreement will result in profitable operations or the resolution of the Company’s liquidity problems. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern."
SEE THAT: NET LOSS AS OF SEPT 30th 2017 was $3.8 MILLION LARGE...ALMOST THE AMOUNT OF THEIR ENTIRE "revenues" LOL !!
NO PROFIT....not a chance in H...they report a profit.... LOSSES...AND BIG ONES AT THAT....their legal bills have probably shot through the freaking roof now...hiring expensive "BIG D.C. LAW FIRMS"...where's the CASH for that gonna come from...those companies don't work for SHARES OF PENNY STOCK...LOL....noper.....CASH......
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