"No reason for this with the latest financials...revenue on the books this year for the first time. "??
The latest financials showed a net loss from operations nearly IDENTICAL to one year ago, period over period (See latest 10-Q page 5). (I believe it was $46K difference, less loss this Q-2 than 2013 Q-2, so "revenue" made essentially no difference as their spending/expense line entry has massively increased, including very large base salary and bonuses for two people). They finished the Qtr in this latest 10-Q nearly cash broke (typical for them), with $92K cash left on hand- less than in the same period in 2013, which had about $172K cash on hand, despite nearly nothing (about $15K) being spent on R&D for the entire qtr and no major trial(s) advancing at all (not Regen, or Marvel or Mirror). Again, what difference did the "revenues" make? They are still utilizing ASHER and similar firms like Daniel James and Fourth Man for toxic, convertible debt financing to sustain themselves, despite finishing with almost no cash left. What has changed in their "financials"?
They diluted over 50 MILLION shares in a single qtr this period between Q-1 and Q-2, 2014, again, what has changed? The share count is now well past 600 MILLION shares outstanding and 2 BILLION now authorized. What has changed?
Just because some new MM/Broker dealer house symbol shows up on level II, doesn't mean much IMO. Lots of people route orders for various stocks and for various reasons and for various clients. BHRT has handed out BOAT LOADS of common stock shares, as in 100's of millions of them in just the past 1 yr approx.- they're gonna get put on the selling block sooner or later by someone IMO. Who those holders of common shares use to route or handle their large order flows- as in someone holding say 18 MILLION shares they gave out (see past 10-Q, for an example of an 18 MILLION share block paid to someone for something like "services rendered" or whatever it was), who knows? One of these MM/broker dealer symbols could be handling order flow for one of these persons/entities that got one of these huge chunks of common shares or even warrants being sold/exercised.
Dilution, and lots of it, as well as, using convertible debt financing on a continuous basis has consequences. It, IMO, is the single greatest down-force on the share price and is as old as time in companies that dilute heavily and use convertible debt. It's nothing new going on here IMO. I doubt a couple of MM/broker symbols on level II are the cause of something "new"? Look at the way this has traded for the past several years- this is just "normal" IMO.
Here's just ONE example. Previous 10-Q, Q-1, 2014, PAGE 24:
"In April 2014, the Company issued 18,383,774 shares of its common stock for service rendered valued at $180,511."
18 MILLION shares handed out- and to who or for what, who knows? "services rendered", that's all it says. Do the math on those shares:
$180,511/18,383,774 = .009
Yep, 9/10ths of ONE CENT is what that "someone/entity" got those shares at. 18 MILLION shares just out there now, or at least as of April 2014, and they were given at under ONE CENT. Don't think someone might be unloading/selling those to more than double their money right here, in this price range? I know what I think? How long does it take to "burn off" 18 million cheap shares of "over hang" on a stock with daily trading volumes as low as this one, and what does one think happens to the price when large blocks of shares go up on the sell side? The price action- given those shares were issued in April, doesn't surprise me one bit IMO. Not in the slightest. I'm surprised it's not under more selling pressure IMO.
