Couldn't be MORE WRONG IMO. ZERO indication that BHRT has, or will have ANY positive "cash flow" now, or anywhere even remotely in the distant future in my opinion.
Challenge anyone to put a single 10-K, or other statement of fact to prove otherwise- even in the slightest.
From most recent 10-K, PAGE 26:
"We are a development stage life sciences company with a limited operating history and a history of net losses and negative cash flows from operations. We may never be profitable, and if we incur operating losses and generate negative cash flows from operations for longer than expected, we may be unable to continue operations.
We are a development stage life sciences company and have a limited operating history, limited capital, limited sources of revenue and have incurred losses since inception. Our operations to date have been limited to organizing our company, developing and engaging in clinical trials of our MyoCell product candidate, expanding our pipeline of complementary product candidates through internal development and third party licenses, expanding and strengthening our intellectual property position through internal programs and third party licenses and recruiting management, research and clinical personnel. Consequently, it may be difficult to predict our future success or viability due to our lack of operating history. As of December 31, 2013, we have accumulated a deficit during our development stage of approximately $118.2 million. Our MyoCell product candidate has not received regulatory approval or generated any material revenues and is not expected to generate any material revenues until commercialization of MyoCell, if ever. Since inception, we have generated substantial net losses, including net losses of approximately $3.1 million, $4.0 million, $4.7 million, $5.2 million, and $4.4 million in 2013, 2012, 2011, 2010 and 2009, respectively and substantial negative cash flows from operations. We anticipate that we will continue to incur SIGNIFICANT and INCREASING net losses and negative cash flows from operations for the foreseeable future as we:
"
Same 10-K, most recent, PAGE F-4 (the balance sheet)
TOTAL revenues for all of year 2013 was a paltry (my opinion) $96,085.00. Cost of sales was $30,831 resulting in a gross profit (meaning prior to taxes, etc) of only $65,254 for the year. That barely pays the rent for a year on the 5000 sq-ft "leased" office "suite" and/or just barely even pays the base salary for ONE MONTH of the two "key" employees. ($391K for CEO + $159K for CSO = $550K / 12 = $45K per MONTH.)
There is not IMO, one SHRED of proof anywhere, they BHRT, is even remotely close to reaching "cash flow positive" status, NONE IMO. Prove otherwise. State the amount they would need to become "cash flow positive", when and where it's coming from (site 10-K or 10-K or SEC documents only, no speculation, hype, conjecture, made up opinions, etc)- please show calculations and exact amount, as it can easily be calculated. Easily.
I'd posit, that one doesn't even know what it means to be "cash flow positive" or how to do the calculations, based on those loss numbers from the 10-K for each respective yr (including net losses of approximately $3.1 million, $4.0 million, $4.7 million, $5.2 million, and $4.4 million in 2013, 2012, 2011, 2010 and 2009, respectively and substantial negative cash flows from operations)
FACTS from 10-K, versus pure speculation, conjecture and just pure made up opinions based on no facts that are ever presented IMO. Couldn't be more wrong in the assertion they are somehow "nearing cash flow positive"- not even close IMO.
Oh, and why did BHRT BURY (IMO) the SEC doc filing after market close and heading into a 3 day weekend, and doesn't blast it out there proudly in a "PR", like every other "announcement" they make- from who's going to a "conference" to what "award" someone is getting, or any other number of "trivial" announcement "PR's" IMO? Why? Why not? I mean if it's such a GREAT THING, why not put it out before market opening on say a Monday, with a big ole PR and "tweet" and "facebook" update and "blog" and all and what not to go along with the ole "good news"? That's my opinion only of course- but "natural" questions one would ask, IMHO?
My opinions only, do one's own due diligence. Buy, sell, hold, trade or join a Boy Scout troop, whatever one wants to do- all is just my opinions only and no recommendation or any kind. Just an amateur who reads the 10-K and similar.
Oh, and GO $BHRT and HAPPY TRADING and GOOD LUCK.
