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Monday, August 31, 2015 11:38:04 AM
0.0027 / 0.0032 (32362 x 118800)
That Bid is PAPER THIN all the way down to .002, where there's now a 1.5 MILLION share block showing for .0022 and then another 1 MILLION share block for .002 on Level II.
Looks like this massive 1000:1 R/S is another BHRT resounding "success" story, LOL !!! Yepper.
How much has it lost in what's left of its "value" just since this grand plan of the ole penny stock R/S reverse split thingy was announced? From the prior , recent all, all TIME LOW of .004, to now Bidding in the .002's for 3 days in a row on mega volumes traded? Wow, looks to be a winner, LOL???
After it's already lost 99.99% of the common share value- I mean what's left at this point? Split it or not- nothing changes as far as the collapsed market cap and the reality of the massive common share losses and massive use of dilution that's occurred over the past 5 or so years- so I can't really see what difference it's gonna make?
I'd assume they're just gonna resume diluting at the same pace- though it will "look" a tad different as the numbers will "appear" to be less, but the percentage ratios do not change, and that's all that matters in the end. It seems like a last ditch effort to me- these massive penny reverse splits. I don't think they ever change anything in the end- not that I can remember??
Looks like pretty dire straights in here to me- and just in baseless free fall at this point. No floor or end in sight to the mass selling/dumping that I can see? If anything, it seems as if the R/S being announced may have acted as a catalyst to accelerate some of the toxic note holders- to "convert" faster now, and sell and dump while they have more liquidity perhaps? Looks that way to me- it's crushing the common share price to the dirt, even worse than usual (if that's even possible LOL?????)
Not looking too good here to me- a total wipe out IMO. When you got large size Bid posting up now at .002, and the stock was 1.5 CENTS or more end of 2014, well- that sorta tells the "story" of ole BHRT in a nut shell IMO. What else is there to say?
STILL gonna be 2 BILLION shares authorized for mass dilution, AFTER the 1000:1 to split, per the SEC filed 8-K:
Can't really see where this is supposed to be going at this point- I mean a freaking ONE THOUSAND TO ONE reverse split???? NOT like 100:1 to which happens every now and then - but a 1000:1 reverse? HOLY COW !!! WOW IMO.
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
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