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Friday, October 31, 2014 7:35:40 PM
Shows $3,150,000 worth of shares, that's gotta be "the credit line"
Looks like the $150,000 portion, Magna's initial "fees" have already been taken out (sold it says). Leaving $3,000,000 remaining. That's 9 MILLION cheap shares ole Magna got up-front, first, and BHRT hasn't seen a dime yet. Getting the "feel" for how these deals work?
Interesting that this is filed first today IMO, but what about the Magna "convertible note" that was announced prior? I thought it stipulated that it needs a SEC filing statement or something to that effect too, as required by Magna? I looked and didn't find an S-1 or whatever form it would be? No new filings other than this one today? Too confusing for me to follow all these terms, and what must be "registered" or "exempt" or "form filed" or whatever? Guess it'll probably all be in this upcoming 10-Q, probably attached as amended down at the bottom exhibits, all these last minute deals and how many shares are issued and so forth.
But that $150K to Magna for just "fees" sure looks like it came out ASAP.
That's 9 MILLION more dilution shares at about 1.6 cents. Wonder what that's gonna do to the price going forward, near term or long term?
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