A lot of very OLD info about Leonhardt ventures and Biohearts past. What's interesting IMO, is if this "technology" and all is so great according to the Leonhardt promotional "brochure" and all- then why are they providing no funding to BHRT today? Instead, sending BHRT to the lenders of last resort, via purely dilutive share deals from the likes of Magna and toxic convertible debt deals with Asher and Fourth Man and similar?
Why would that be? Why would BHRT just finish the last qtr with $46K cash total left on hand with $10 plus MILLION in debt per their own 10-Q filing? Why would the trials all be stalled out for "lack of funding" according to the BHRT 10-Q filing? Why did Leonhardt leave the company if it's all this great stuff according to his brochure?
Makes zero sense to me? Why would one walk away from something so great and why aren't they investing in BHRT anymore? Why wouldn't they just step up to the plate and fund all the trials tomorrow, from how great it all sounds in that brochure?
I don't get it? So a long time ago, they raised a lot of money from various people and groups and now have spent/burned through every last dime of it (over $118 MILLION in paid-in capital is gone, per their SEC filings) and produced a ZERO ROI to those investors, in fact, the stock being down 99% essentially, losing all those investor's money for them. That doesn't sound very good. $5 or more a share to 1.5 cents a share, basically? Hardly a "great investment" IMO? All those original or old investors all took, more than likely, total losses on BHRT. BHRT is in debt $10 MILLION today and has never produced so much as one DIME of ROI at anytime during their existence, not that I'm aware of from any SEC filings or similar published information?
