"The past is irrelevant"?? The "past" is highly relevant IMO, as it shows BHRT has been struggling financially, clear back to the IPO date. They were de-listed from the NASDAQ after only about 1 yr and then, 2 yrs or so after the IPO, July 2010, had a major loan go into default (B of A loan, resulting in the creation of Northstar), as in, BHRT has been in continual financial decline and struggles. A stock price decline of 98% or more, since the IPO, combined with massive common share dilution, is hardly a glaring "success", IMO.
I think to many, it's a logical question: If they couldn't "get it done" when it was a $5.25 stock, with the company valued at $70 million or whatever the case was, if they couldn't "get it done" or raise any significant funds on IPO day or any day in the yr after that at $3 a share or later at $2 a share or at $1 a share or at $0.75 a shares, etc, then why/how would they be likely to "get it done" when it's now about a 2 cent stock, with barely an $11 million market cap, highly diluted from IPO (less than 20 million shares on IPO day, to now over 466 MILLION shares and rising, today) - if in all that time, they never could raise any single, lump sum of significant "funding", or attract any partner or significant "financial investment/infusion", but only continue to dilute and use "ASHER" and every form of odd-ball "financing" and "loans" and hanging-on and the likes for years, then why, why now, as a 2 cent stock, would they suddenly get "large funding" or would the "trials", trials that have been parked and not advancing since 2009 essentially, 1 yr within the IPO date, if they couldn't move them forward since clear back then, then how/why now, as a 2 cent, low market cap, highly diluted stock?
Those are logical questions and the past is a huge part of the "story", IMO.
The "future", in the opinion of their 10-K auditor's warnings and in the "going concern" and other warnings of Sr. Mgt themselves, is "daunting" to say the least, IMO. The future is "bright"? Based on what criteria? They're "borrowing" and using "related part advances" and convertible debt "financing" and 10's of millions of warrants, etc, to, essentially, "hang-on", as recent as what was conveyed in the most recent 10-Q filing?
