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Thursday, May 01, 2014 10:54:39 AM
Further, making a statement such as "BioHeart is in the works of obtaining financing." makes ZERO sense.
Hint: Bioheart is "obtaining financing" on a month to month, or every few months basis, and has been for several yrs now. Else, they'd be BK and lights out a long time ago.
Last yr for instance, they "obtained" enough "financing" to dilute their shares by a factor of 2X, from 190 million outstanding, to now 460 MILLION as of the Form 14 filing. That's known as "financing".
And despite all that "financing"- they ended the yr with $46K cash, total, in the bank- the price of a decent new car now days. Big whoop. And, all their key trials (phase II/III) sat dead in the water as far as anyone can tell, despite all that, highly dilutive "financing".
Maybe one needs to get a basic understanding of what the word/term "financing" means? As BHRT does and is doing "financing" on a continuous basis. When the next 10-Q comes out in a few weeks- it's gonna contain "financing" in it- as the cash balance listed in the prior 10-K, which included dilutive, ASHER "financing" (3 deals to raise a paltry $100K) it included those deals right up through Feb of 2014. That's called "financing"?
Get it? Probably not.
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