Replies to post #106608 on US Stem Cell Inc (USRM)

[Dragon Lady]

LOL,

Quote:
. USRM-a-CON has ABSOLUTELY NOTHING to show for it - except a DOJ permanent injunction and endless losses for and DEBTS IN DEFAULT and lawsuits and a few insiders who got FILTHY WEALTHY OF THE CON


Who the Foooook is buying shares in this stock scam? Like who is so deep in this cult? Better off going to vegas and putting it on Red? At least you can go to the Buffet

Exactly WTF !!!

I mean - drop a lousy $buck in a slot and wander around just looking like you're gonna drop $5 bucks gambling and they'll even give you a free decent beer, like a bottle of Heineken and not some watered down POS like this con job LOL !!

This thing is a cult of bagholders and stuckholders and the bamboozled - not an "investment" that's for damn sure ????

I think it's mostly wash-trades between Miguel and "friends" and/or his MM's who handle the endless dilution....so he can continually dilute and raise cash for life support to pay attorneys and himself UNTIL HE FILES BK and/or pulls the reverse split or whatever the next big con and scheme is going to be - something like that is the only explanation I can come up with WTF????

[Dragon Lady]

USRM_a_CON: 10_Q_BK_BUSTED_BROKE_NO_CASH_LEFT_MASSIVE_LOSS_DISASTER !!

Well - Miguel filed this POS somehow via scraping up enough dilution cash to peddle the shell on just a bit longer WTF !!

Who the Foooook is buying shares in this stock scam? Like who is so deep in this cult? Better off going to vegas and putting it on Red? At least you can go to the Buffet

READ THIS SHIT - it's a bad plane crash with a damn train wreck wrapped around it LMAO !!!

https://www.sec.gov/ix?doc=/Archives/edgar/data/1388319/000118518522000682/usstem20220331_10q.htm

WTF !!

$14K TOTAL CASH LEFT LMAO !!!

JUST accounts payable aka BILLS DUE NOW in 30 to 60 days MAX : $1,512,246

THEY ARE BK and INSOLVENT BY ALL GENERALLY ACCEPTED ACCOUNTING PRINCIPALS !!!!

AND - get this:

That massive SEASIDE BANK LOAN that was changed to a "DEMAND NOTE" is due or was "up for renegotiation" in MAY and Miguel did NOT SAY A PEEP ABOUT IT - he ALWAYS would add a "Subsequent event" entry IF IF they had successfully extended the due date on that MEGA $980K NOTE OWED BUT HE DID NOT !!!

QUOTE PAGE 13:

"Seaside Bank

On October 25, 2010, the Company entered into a Loan Agreement with Seaside National Bank and Trust for a $980,000 loan at 4.25% per annum interest that was used to refinance the Company’s loan with Bank of America. The obligation is guaranteed by certain stockholders of the Company. The Company renewed the loan with Seaside National Bank and Trust during the first quarter of 2018 to extend the maturity date to May 18, 2020. The Company renewed the loan with Seaside National Bank and Trust during the first quarter of 2020 to extend the maturity date to May 18, 2022."

SEE THAT DATE - MAY 18th 2022 HAS COME AND GONE and Miguel made NO ENTRY of a "subsequent event" to disclose IF IF IF they were able to extend or negotiate terms on that OLDEST NOTE/LOAN THEY OWED and the one "guaranteed" by the PERSONAL BANK ACCOUNT/COLLATERAL of OLD MAN MURPHY WTF !!!

They "might" by BK AS WE SPEAK - IF they get that Seaside loan "called due" and were not able to redo it as maybe Old Man Murphy ain't in good health or "all there" anymore aka THEY REMOVED HIM AS CHAIRMAN ALREADY !!

Borman is supposed CHAIRMAN but Migual has NOT updated their sham website or anyplace else to PROPERLY DISCLOSE THE FACT OLD MAN MURPHY is relegated to a "title" now and NOTHING MORE aka "Chairman emeritus" or whatever the F they call him now -

I'll have more as I read this DISASTER BUSTED BROKE DILUTION + LAWSUITS + NO SALES ESSENTIALLY crash and burn trash n scam filing !!

Their sales are almost NIL NOW - they "banked after cost of sales" a lousy E-bay seller amount of about $5K PER MONTH LMFAO !!

BUT they SPEND on just SG&A aka WTF WE SPEND IT ON WHO KNOWS LINE ENTRY - of $530K /3 = $176K PER MONTH WTF ????

So - a ONE MAN SHOW at a $100 buck a month RENT-a-DESK is blowing through $176K PER MONTH in supposed "expenses" while they bank about $5K per month from "sales" LOL -

DO NOT TRY THIS SCAM "business model" at home boys n girls - IT DOES NOT END WELL :)

PAGE 8:

"NOTE 2 — GOING CONCERN AND MANAGEMENT’S LIQUIDITY PLANS

The accompanying 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, as of March 31, 2022, the Company had cash on hand of $14,469 and a working capital deficit (current liabilities in excess of current assets) of $12,599,396.

During the three months ended March 31, 2022, the net loss was $1,155,823 and net cash used in operating activities was $63,806. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for one year from the issuance of the financial statements.

The Company’s primary source of operating funds has been from revenue generated from sales with additional cash proceeds from the sale of common stock and the issuances of promissory notes and other debt. The Company has experienced net losses from operations since inception, but it expects these conditions to improve in the future as it develops its business model. The Company had a stockholders’ deficit at March 31, 2022 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 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.
"

More to come as I get some time to read this comedy filing and sad tale - it's like a Shakespeare comedy-tragedy gone bad LOL !!