InvestorsHub Logo
Followers 373
Posts 16807
Boards Moderated 3
Alias Born 03/07/2014

Re: Gsdubb post# 11801

Friday, 10/31/2014 9:37:28 PM

Friday, October 31, 2014 9:37:28 PM

Post# of 106831
Dubb, saw that- I'd probably hit click right as your post appeared. No worries. Was just pointing out the wording of the filing. $150K tapped for the Magna fees. The $3,000,000 at this point is indicated now as shares "registered" but yet to be "tapped".

I don't even think we'll know when BHRT "taps" the line until each 10-Q or 10-K filing comes out, like in the past with the Greystone line. Meaning, we'll always see how much they did or didn't "tap" and use of the credit like in the rear view mirror, always delayed about 3 months.

Once it's filed, registered and all- they can "tap" at will essentially, so we as common folks won't see anymore filing or anything if they choose to "draw" on the line. If they make an immediate draw, say in the next week or two, we might see it in this upcoming 10-Q, cause sometimes they amend last minutes events onto the bottom of the filing, as "add ons". So, if they make a first draw, maybe we'll see for how much and at what price on this upcoming 10-Q in a few weeks- will be interesting if they do, to see for how much money and then at what share price and how many shares of dilution it equals out to.

We'll see.