Their SG&A COSTS EXPLODED as did their LOSSES TAKEN....AGAIN..AS USUAL...paying insider's massive salaries (THE TWO) and PAYING LAWYERS..what else is their real "business" they're in cause I sure don't "get it" whatever it's supposed to be....??????
And now there is NO MORE "AMERICAN STEM CELL CENTERS OF EXCELLENCE"..GACP ENDED IT ALL....NO phony "$5 million to be invested" by GACP (was a SHAM FROM DAY ONE)...GONE...NO bullshit "Kuwait clinic" that in TWO YEARS NEVER HAPPENED... so they can kiss ALL those typical Tomas SCAMS and PR HYPE-n-PUMP and bloggy tall tales bullshit sham-wows GOODBYE along with B-BALL PLAYER Salley who they used to try and run a P&D on the stock and any revenue that would have come from that SCAM-o-RAMA that never was....ALL GONE NOW....NO GROWTH....STAGNATED....
SG&A EXPENSES BALLOONED TO A MASSIVE : $2,076,548 SINGLE QTR
NET LOSS (single qtr EXPLODED to) : (1,244,534)
Their CASH DECLINED while they haven't even paid most MAJOR BILLS OWED YET including the $89K they still owe their insurance company as a CO-PAY FOR THE LOSS TO THE FIRST BLINDED LADY'S LAWSUITS...and they're gonna LOSE THE CURRENT BLINDED LADY SUIT by the same Plaintiff attorney = MORE CASH NEEDED TO PAY LOSSES
ADD-IN A MOUNTAIN OF COMING CASH-ONLY LEGAL EXPENSES (law firms don't work for shares of TOILET PAPER PENNY STOCK- which is how Tomas paid most of their bills so far to related parties) CASH...penny shares ain't gonna work with the LAW FIRMS or any other "real businesses" they owe money to who ain't "family" and "related parties" for vague entries like "services"...as Tomas is shoveling money to the Comella FAMILY as bullshit high paid consultants...
Obviously to help Kristi and her fave family members PAY THEIR LEGAL BILLS NOW as they are now being sued too...PAVILLION FOODS INC Holiday FL..he's paying um $250 an hour...FOR WHAT...Mary Comella is listed as "intake coordinator" on Facebook for Kristis stem cell clinic...about a $10 to $14 per hour job...but Miguel is shoveling her coin at $250 an hour...the SEC is gonna Looooove this "ALL IN THE FAMILY" sh%T when they charge this sham-wow operation if you ask me...
1) Department of Justice lawsuit = MASSIVE LEGAL BILLS
2) SEC FORMAL INVESTIGATION = MASSIVE LEGAL BILLS
3) Tomas has NOT EVEN PAID THE INSURANCE CO-PAY LOSS yet for the first BLINDED LADIES and they're in the process of LOSING THE NEXT BLINDED LADY CASE as we speak and MORE CIVIL LAWSUITS ARE GONNA FOLLOW = MORE LOSSES and eventually they will become UN-INSURABLE or their insurance premiums will cost more than all the cash they have....insurance companies DO NOT like to pay losses...
4) ANY CIVIL or "other" charges filed by ANY OTHER FEDERAL GOVT agency and STICK A FORK IN IT cause it's gonna be even MORE FRIED than it already is...and it's BAKED AS OF RIGHT NOW...crumbling...IMPLODING....
The 10-Q is a DISASTER IN THE MAKING...they will NEVER HAVE THE CASH TO PAY THEIR LONG TERM DEBTS....DEBTS that right now would CONSUME EVERY DIME THEY HAVE....JUST TO PAY THEIR "ACCOUNTS PAYABLE" (bills due in 30 to 45 days typically) would come close to putting um in BK......
PAGE 13:
"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 six months ended June 30, 2018, the Company incurred net losses of $1,383,693 and has a working capital deficit (current liabilities in excess of current assets) of $5,394,386. These factors among others may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.
The Company’s primary source of operating funds in 2017 and 2018 has been from revenue generated from sales and cash proceeds from the sale of common stock and the issuance of convertible and other debt. The Company has experienced net losses and negative cash flows from operations since inception, but expects these conditions to improve in 2018 and beyond as it develops its business model. The Company has stockholders’ deficiencies at June 30, 2018 and requires additional financing to fund future operations.
The Company’s existence is dependent upon management’s ability to develop profitable operations and to obtain additional funding sources. There can be no assurance that the Company’s financing efforts or revenues realized from the Asset Sale and Lease Agreement will result in profitable operations or the resolution of the Company’s liquidity problems. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern. "
BAD TO WORSE...they're a NON PROFIT (LOL)...have never since 1999 MADE SO MUCH AS ONE CENT OF PROFIT...they operate to BORROW and PAY INSIDERS and nothing else really...oh...PAY LAW FIRMS and LAWYERS TOO...
Other than that...NOT MUCH ELSE TAKES PLACE...$ZERO SPENT ON R&D LOL...for a joke of a micro company (it's a few people) who tout themselves as, "WORLD LEADERS IN STEM CELL MEDICAL RESEARCH AND DEVELOPMENT" blah blah blah BULLSHIT SANDWICH....R&D spent was $863 PER MONTH in this 10-Q LOL...yeah....THAT is a supposed "world leader" AT NOTHING...LOL...
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