"BHRT's future is bright"?? About as "bright" as one of those new "eco", maybe 3.5 watt, dim bulbs IMHO.
Nothing is "bright" here IMO. The market cap is now about equal to their debt now, again. Meaning, the market, for the most part is saying the "company" - whatever "that" is (rented suite, 4 or 5 people, some lab equipment, and some "deals" in who knows where, and some "trials" or whatever), is being valued now at about ZERO again. That's my opinion, and apparently that of the marketplace. ZERO or close to it, IMO.
Market cap approaching around $11 million now, that's $11 million away from zero (I have homes not a far drive from me, selling for that much), and when you add their debt back in, no cash essentially, no real assets per say, etc you end up with a value/worth of pretty much ZERO IMO. The market cap doesn't even cover the debt pretty much at this point now.
That, ain't a "bright" anything IMHO.
Most recent 10-K, PAGE 25: "verbatim quote"
"Risks Related to Our Financial Position and Need for Additional Financing
We will need to secure additional financing in 2014 in order to continue to finance our operations. If we are unable to secure additional financing on acceptable terms, or at all, we may be forced to curtail or cease our operations.
As of March 24, 2014, we had cash and cash equivalents of approximately $211,632.80 and a working capital deficit of approximately $13.4 million. As such, our existing cash resources are INSUFFICIENT to finance EVEN OUR IMMEDIATE OPERATIONS. Accordingly, we will need to secure additional sources of capital to develop our business and product candidates as planned. We are seeking SUBSTANTIAL additional financing through public and/or private financing, which may include equity and/or debt financings, research grants and through other arrangements, including collaborative arrangements. As part of such efforts, we may seek loans from certain of our executive officers, directors and/or current shareholders. We may also seek to satisfy some of our obligations to the guarantors of our loan with Seaside National Bank & Trust, or the Guarantors, through the issuance of various forms of securities or debt on negotiated terms. However, financing and/or alternative arrangements with the Guarantors MAY NOT BE AVAILABLE WHEN WE NEED IT, or may not be available on acceptable terms.
If we are unable to secure additional financing in the near term, we may be forced to:
· curtail or abandon our existing business plan;
· reduce our headcount;
· default on our debt obligations;
· file for BANKRUPTCY;
· seek to sell some or all of our assets; and/or
· CEASE our operations.
If we are forced to take any of these steps, ANY INVESTMENT in our common stock may be WORTHLESS.
"
