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Re: Gsdubb post# 11416

Friday, 10/24/2014 4:34:11 PM

Friday, October 24, 2014 4:34:11 PM

Post# of 106844
Magna? Read the terms of the $300K note, which is for only $200K- it's a stunner.

This is another dilutive type "credit line"- like the Graystone line that just expired. The terms haven't even been released yet, but IMO they're gonna be a doozy, as in highly dilutive, etc.

The Magna $300K/$200K "note" was one of the most "interesting" I've ever read- it's all tilted in favor of Magna and gives BHRT very little else, except incredible dilution, it's also now a "Senior" note it appears, putting all kinds of restrictions on any "financing" or debt or even spending that BHRT can do as long as the note is still open.

Read the entire thing, it's like 20 plus pages:

http://www.sec.gov/Archives/edgar/data/1388319/000114544314001228/0001145443-14-001228-index.htm

One has to open all the exhibits and read all the details- it's "fascinating" stuff to say the least, IMO.