Followers | 370 |
Posts | 16592 |
Boards Moderated | 3 |
Alias Born | 03/07/2014 |
Friday, November 21, 2014 2:37:27 PM
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.
FEATURED POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • Mar 27, 2024 10:52 AM
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM