No, IMO. That's a 14C. It's information that would/could be "required" in a proxy. It's not a "proxy" filing. One could argue I guess, the 14A is a "proxy", but again, in the case of BHRT, there was no "proxy vote" being called for by the common shareholders and it says so right in the "information filing" 14C. Further, there is no connection to the assertions being made of it meaning "financing "is imminent or "in the works" IMO, none. Don't see even a remote connection to making that vast claim.
It's simply increasing the authorized shares to 2 BILLION at the behest of those who control the shareholder vote, i.e. "insiders" and it says essentially just that and that the shares can be used for essentially anything the BOD deems to be "corporate needs or corporate business" (paraphrasing) and they can issue them from "time to time as needed", and says essentially, "Thank you very much common shareholders, but your input is not needed, nor is it wanted" (paraphrasing). And that is all it says. It's a notice of increasing the outstanding shares, just as they've done about 1 yr ago and again prior to that using form 14 filings. And they never resulted in some "big financing" deal. See the 14C filed about 1 yr ago authorizing the increase from about 190 MILLION to now 970 MILLION shares. It's essentially the same, and resulted in no "big financing" deal that I'm aware of?
From the 14C:
"SCHEDULE 14C
Information Required in Proxy Statement"
"WE ARE NOT ASKING YOU FOR A PROXY
AND YOU ARE REQUESTED NOT TO SEND US A PROXY"
"This notice and information statement (the “Information Statement”) "
The 14C is a "Statement of information" and is not a "proxy" requesting a vote or declaring a meeting or similar.
"Our Board of Directors and the consenting majority stockholders have adopted and approved resolutions and an amendment to the Articles of Incorporation to effect an increase of the number of common shares of the Company that the Company may issue from nine hundred and fifty million (950,000,000) shares of common stock and twenty million (20,000,000) shares of preferred stock, both $.001 par value respectively, to two billion (2,000,000,000) shares of shares of common stock and twenty million (20,000,000) shares of preferred stock, both $.001 par value respectively. The Board of Directors and the consenting majority stockholder believes that the Increase in Authorized common shares is in the best interest of the Company and its stockholders because the increase in the number of authorized but unissued shares of Common Stock would enable the Company, without further stockholder approval, to issue shares from time to time as may be required for proper business purposes, such as providing for reserves that are often required when and if necessary to raise additional capital for ongoing operations, business and asset acquisitions, present and future employee benefit programs and other corporate purposes as we make every effort to become cash flow positive."
AI
