"Back in 2011 in that video,
Mike Tomas said about 10 million is needed to finalize the trials. There is now about 11 million in debt I believe.
If they get $20 million in a financing deal say by selling shares @ .03. That's about 700 million shares. That would cover the debt and trials and have enough left over to pay themselves in shares in lieu of salaries in the mean time when necessary IMO."??
Huh? What? Why? How?
Laughable IMO. Did anything from the ole 2011 video come true yet? They've spent $10 MILLION since then (read 10-K, most recent)- what happened? Did the big, key, "flagship" ole phase II/III "trial" even advance in the slightest? Even move partially forward in those FOUR years?
So, why would a "deal" suddenly "work" now in 2014, when they're even in worse financial condition IMO than when that video was made? The stock is enormously more diluted now than in 2011, making it/the company even less attractive now to some "investor" IMHO. How many people, with the kind of money to plunk down $20 million, of all the 1000's of investment choices out there, or companies they could buy, 100% outright- enormously profitable and growing companies for that kind of money- would sink that $20 million, of all places, into a 463 MILLION shares outstanding, 3 penny, cash poor, hugely negative cash flow, loss taking, 4 or 5 total employee "company" that doesn't even have any real hard assets like real estate or plants and equipment, etc? Who with $20 mil to sink would do that and for what possible reasons? Why? Don't see it or "get it" in the slightest IMHO? Not the slightest? There is a LOT of other investment opportunities out there for someone with $20 million in coin, real good ones, why would they pick this?
Further, WHO is going to want to, or would/will "buy" $20 million worth of shares of this 3 cent, cash poor, no sales, no revenue, 4 or 5 employee company? Who and why would they? Seriously? Someone is going to step in an plunk down a chunk of coin for $20 million to buy a 3 cent penny company's stock? Why wouldn't they just buy-out the entire company right now for less than that, or close to that when the market cap + debt for a long, long time was far less than $20 million? When it was 1 cent a share, only months ago, "someone", this fantasy conjecture "big investor" could have bought out the entire thing for less than $20 million? Why no offers or buys then? Why?
Pure fantasy conjecture and dreaming and made up opinions IMHO.
Buy, sell, hold, love it, dream on, do your own due diligence- whatever makes one happy. My opinions and thoughts and ideas and statements are mine only. Not meant to advise or formulate and opinion about any stock, company or weather patterns over the Pacific Ocean or otherwise.
Oh, and HAPPPY TRADING and GO $BHRT. Wonder where all the "others" vanished off too? Interesting to say the least, eh? Market closed, SILENCE is near deafening?
