Technically- ASHER is a "private placement" as they are "institutional" investors who meet the certain criteria, for share offers that aren't "typical" public offerings and similar.
All the "financing" for the past few yrs, that's has kept BHRT limping along with close to zero cash left at the closing period of each 10-Q or 10-K, I believe IMO, according to standard definitions would meet the definition/criteria as being "private placements" as they weren't shares offered in a typical "secondary" offering to the public and "on the market" or similar.
So what is this "private placement" being referred to? What would it look like or be supposedly? Curious?
Here from latest 10-K, BHRT even refers to recent "financing" type deals as "private placements"- (2012, 2013 for example)
warrants issued in connection with our private placements in 2012 to purchase an aggregate of 22,396,432 shares of our common stock at prices from $0.02 to $0.04 per share expiring three years from the date of issuance.
warrants issued in connection with forbearance agreement relating to our debt obligations in 2012 to purchase an aggregate of 20,000,000 shares of our common stock at prices from $0.014 to $0.02 per share expiring ten years from the date of issuance.
warrants issued in connection with our private placements in 2013 to purchase an aggregate of 50,350,536 shares of our common stock at prices from $0.011 to $0.0299 per share expiring ten years from the date of issuance.
Financing Activities
Net cash provided by financing activities was $1,968,978 in 2013 as compared to $1,059,381 in 2012. In 2013 ,we sold, in a private placement and put agreements, shares of common stock and warrants for aggregate net cash proceeds of approximately $1,426,914. In addition, we received an aggregate of $215,500 related party loans and advances and $415,500 from issuance of notes payable, net of repayments of $88,847. (PAGE 62)
And so on.
