"With cold hard stock options,"? I've never, ever known a consultant who would work "pro bono" for no cash, base pay rate and take "options" (which may, or may not end up worthless), especially on a 3 cent, sub 3 cent stock.
No way, not in my opinion. I've been inside companies who's stock was so hot- it was nearly as good as gold at the time and consultants, consulting "firms" only want cash/contracted rates. Period. And that "golden stock", as in "options" ended up underwater, worthless for most who ever received them, when the stock market took a dive. Look at the history of BHRT "options" going back as far as you want- they'd have nearly all, if not all, expired 100% worthless, as the stock has been a straight down, nose dive from the IPO date, to today.
"Options" don't = money or a certain payment. Options are a gamble on some future event. Even if you grant them "in the money", as of today, if the stock falls tomorrow- they're not worth the paper they're printed on.
No consultant/consulting firm I've ever known would take "options" as up front payment for any work to be performed. They have a going rate you pay for their expertise, they're "hired guns" in every classic sense of the word. They demand top dollar compared to their peers- and they get it, because they deliver results. And hiring um takes money, cash money in my experience and my opinion.
BHRT is "cash poor" - by their own SEC filings. It appears even the few, key employees left may already be foregoing taking salaries- due to lack of cash to pay them, as the 10-K indicates they are owed "loan" or "back payments" (paraphrasing- I can site exact 10-K page number). So if there is not even adequate cash flow to pay them- then what are high dollar consultants going to get paid with?
That's my opinion and the way I see it. Three people total- for a high technology bio-tech biz conducting FDA level phase II/III level trials and supposedly "international" biz dealings and more? My local, very small size Starbucks or my dry cleaner has more than 3 employees, as does my dentist office or the local auto repair place or my local pizza joint/chain- and they are considered micro-micro size businesses, not public stock traded companies. Come on, get real IMO.
