"Great post today from user "Mike C"??? Well, except it appears to make no sense IMO?
"They agreed to give these up by converting their shares to common in conjunction with the next round of financing. "??
They did? When? Where? What "next round of financing"?? Huh? There's a "next round of financing"???
"IMO, these actions indicate that a new round of financing is in process."??
How? Why? Where? When?
The 8-K said that the DTC is inquiring about the shares even being properly transacted and the only thing BHRT said to this point is, "They've responded" (meaning BHRT has responded, not that the DTC has accepted their response or resolved the matter IMO, from the way the wording is stated?). My understanding, is it probably takes the company security's counsel to respond to something like a DTC inquiry about "shares being eligible", as in, it's not just some low grade, no-biggie kind of matter perhaps?
The DTC (Depository Trust Company) from my understanding, is probably not somebody you want "inquiring" about whether your large share transactions were handled properly or not, or whatever these "requests" are that they've sent BHRT. They're an enormously powerful and secretive organization- they essentially "clear" all stock transactions for pretty much the entire U.S.. They wield a lot of power and regulatory authority. When they are asking about a bunch of large stock block transfers, as in these debt to equity conversions, I don' think IMO that it's just a "trivial" matter necessarily. Who knows what it can mean?
IMO, the purpose of putting out that 8-K today, was primarily to put it "on the record" that BHRT has "questions" from the DTC and they are "responding to said questions". That's my read on it. The rest seemed like a lot of "fluff" IMO (and as stated previously, is even poorly worded, has mis-spelled words, sentences that barely make sense they are so poorly written, etc.)
From the 8-K filing today:
" In addition, the Company has received a request from The Depository Trust Company ("DTC") to confirm that shares of common stock deposited at DTC were eligible under the Rules and Procedures of DTC for deposit. The Company has responded to this request."
I don't think that's necessarily some trivial or boiler-plate blah, blah statement just "slipped in" the ole 8-K by chance. When the DTC wants to know if pretty large block of shares were "eligible" for "deposit", that could possibly have some pretty big implications from my brief reading of past DTC issues involving other companies.
One would also think, that when a company files a pretty important document, as in a SEC filing (doesn't get much more important than that for public company, IMO) that someone would at least proof read it and get the spelling of words correct and sentence tense and completion correct and so forth.
But hey, that's just me. As to this "Mike C" comment over at stem whatever, it makes zero sense to me. What is stated, is not even what the 8-K says IMO, the way I'm reading it. So how this "Mike C" came to these vast extrapolations/conclusions is beyond my understanding?
AI
