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Re: HowardLeonhardt post# 9411

Friday, 11/21/2014 2:37:27 PM

Friday, November 21, 2014 2:37:27 PM

Post# of 106822
"Here is my public 10K record of shares. You can see NO SALES"

As a former CEO of a public traded company, one would assume that the CEO would know that a form "10-K" has nothing to do with reporting major insider stock holdings, sales, disposal of shares, etc?? A 10-K is an annual report for the entire company (of course the former CEO would know this, obviously)

Further, one would assume the CEO would know to point to the SEC, EDGAR database for any SEC documents such as a FORM 4, for a major (10% or more) holder's, disclosure forms.

One would also assume that as a former CEO of the company, they'd know how totally inaccurate the information is (it has no date on the data, and thus doesn't even accurately reflect the number of shares held by the former CEO and company CTO when he left the company and also following his subsequent divorce from his spouse, who jointly held shares related to the guarantee of the B of A loan, but of course as the former CEO and CTO one would know all the details of those facts- far more than one can even find in publicly available information), that was linked to on that web site 10Kcrunch or whatever it's called. For it states your holdings as being 7,877,903 shares, and that you are thus a 10% holder and also are the company CTO, and that you've never sold a share, etc,- all of which would now be 100% incorrect, as of any point in time in the yr 2014.

You haven't been the company CTO or CEO for many years now, of course that would be well known.

As of May of 2014, 7.8 million shares would not make one even remotely close to being a 10% holder of company stock as indicated in what is being called "your public 10K record of shares" (there is no such SEC document known as a 10-K, public record of shares, of course a former company CEO would know that)- and one would assume the former CEO would certainly know, that due to the massive share dilution that has occurred since he/she departed the company, he/she is no longer even remotely close to being a 10% or greater holder of shares. Again, one would assume a former CEO of a public traded company would know this instantly and thus spot this gross inaccuracy?

As of approx. May 2014 (date of linked info), there were approx. 466 MILLION shares of BHRT stock outstanding (common shares). Thus, a holding of 7.8 million shares would mean one only holds (and this would be a simple calculation, again for a former CEO of a public held company) it would mean 7,877,903/466,000,000 = .017 X 100 = about a 1.7% holder of the common stock, not the 10% of greater indicated on the inaccurate and very dated web site in the link.

But of course- a former CEO would already know all this, obviously.