"BHRT is prepared to take actions deemed needed to continue operations...."
Well, yeah. If diluting away the common shareholder is not an issue, sure thing. They've been doing it since the IPO date, over 4 yrs now. The share count, around 2010 was 20 million total shares outstanding. End of 2012 it was 190 million or so. (they blew through their allocated charter and approved an increase to about 950 million allocated, almost 1 billion shares)
As of this filing of the most recent 10-K, period ended Dec 31st, 2013, there was already about 420 million shares outstanding.
Now, as of the filing of this latest SEC form 14, only a few months after the 10-K filing, Form 14, the proxy to "allocate" (make available for use) 2 BILLION shares- it's stated there is now about 463 MILLION shares now as having already been issued. Common shares flow out (dilute), essentially non stop- and have been for a long, long time.
So, if pouring common shares out like water constitutes "take actions deemed....", then I'd be in 100% agreement with that statement, IMO.
Very true, IMO. Only problem is, the shares at some point (like sub 3 cents for example) become so more and more and more worthless, that the volume of shares needed to be issued, to even raise a pittance of cash, becomes staggering (kinda like 2 billion shares on a 3 cent stock for example). (and not even taking into account- that those providing "financing" to sub 3 penny, highly diluted, cash poor "companies", demand steep discounts on the shares they get- so they get even more shares for the cash they "finance" and they get um dirt cheap, as in 45% to 50% discount to market for example- read some recent BHRT "ASHER" finance "deals" and look at the discount given on the convertible shares, see 10-K)
What happens probably 95% plus of the time in these situations, based on well written, easily searchable research, SEC warnings, and just historic examples from the "markets", is the common shareholder, for all intents and purposes is essentially "wiped out" IMO, via the historical fact(s) of what happens via massive, common share dilution.
A 3 cent, or sub 3 cent stock/company is hardly in "good financial health", IMO and that of their own 10-K commentary and their own auditor's statements. I've listed names of companies before that typically have 2 billion or so shares outstanding- they're some of the largest, most profitable, highly performing companies in the world. And it often took 30 or 50 or 100 yrs or more of stock splits (because their share price increased so much) or secondary offerings (because their shares were so valuable and they were so profitable - that they issued shares for growth- to buy and acquire other companies that added to their earnings per share)- it often took yrs and yrs to ever reach the multi billion shares outstanding point in their existence.
Not, pouring them out for what, IMO is just "survival", month to month essentially, cash "trickling" in, and also to be used like "cash" to pay all kinds of people and bills and what not. That's not "healthy share" increasing- that's the worst kind of dilution one can experience, IMO and that of many expert commentators and those who research stocks for investment firms, academia, govt. agencies like the SEC and similar.
