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Tuesday, October 28, 2014 2:31:14 PM
So in less than 24 hours, someone who bought the top of the PR HYPE yesterday, at .0248 unless they were smart and got out, selling, would now need about a 40% gain just to break even. In less than 24 hours, down 40%. Market cap back at $9 million already this AM.
That's gotta hurt IMO. As stated yesterday, this kind of stuff, it's more akin to Vegas than any "investing", IMO.
A 24 hour wipe-out. It just can't hold the bid support anymore on this PR stuff it appears. Just too much cheap share overhang and dilution and selling into any strength.
I also, just my opinion, don't think it's a coincidence that the price gets buried in a 2 week or so period, down to 1.5 cents, right in perfect timing preceding when Magna is gonna put the final ink on the toxic, convertible note deal and make BHRT publish it in an 8-K according to the filing text. Those deals take weeks or longer to put together, so they, Magna must know if it's about to finalize and they're gonna say yes to it, IMO.
That low pricing if one reads the deal, I believe (not 100% sure, it's a complicated document and I'm not any expert by any stretch) but it appears it sets their initial share price on the day it was published? It also sets the up-front shares they get as fees also I believe as the $150K fee for the credit line (9 MILLION shares minimum according to the 8-K filing). Too much weird "trading stuff" going on here IMO to just all be coincidental. 5 million shares yesterday or whatever it was, ran up like 50%, and now it just drops off the cliff on vol of maybe 700K shares so far? Makes no sense to me?
It's back solid, in the sub 2 cent category it appears- at least for now. We'll see I guess.
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