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Sunday, November 23, 2014 8:42:31 PM
Never happened?
Magna has NEVER "bought $2.4m in Bioheart Stock at $0.0161"???
When? Where? What SEC document or other document was this disclosed? What page number, etc?
So far, Magna has bought $205K worth of BHRT stock and they paid about .0066 or 6/10's of ONE CENT. PERIOD. That's it.
Just filed, SEC FORM S-1, PAGE 14:
"31,000,000 shares of common stock that we may issue to Magna upon conversion of the Convertible Note;"
"We will not receive any proceeds from the sale of shares by the selling stockholder. However, we have received gross proceeds of $205,000 from the sale of the Convertible Note to Magna"
$205,000/31,000,000 = .0066, or 6/10th's of ONE CENT.
The ONLY money Magna has given to BHRT so far is $205,000. Magna has not "bought" ANY OTHER STOCK per the SEC, S-1 just filed on Friday.
BHRT has PAID TO MAGNA, in shares of stock- $150K in up-front "fees" for the credit line. That's it. They also had to set aside another approx. 15 MILLION shares for further "fees" that may be levied by Magna.
Further, there is no proof that, "The stock is about to be promo'd/"??
Where is that stated in the filing?
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