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Sunday, November 02, 2014 6:18:08 PM
Not sure that holding a 200% "gain" (really closer to 150% gain, 2.5 X .0063 = .01575) off an all time low of .0063 (6/10ths of one cent away from ZERO and BK) not sure if that's much of a win?
Not when the common shares have lost 99.59% on the longest term chart, beginning w/ 2008 IPO and having passed through the period of one of the greatest bull run stocks markets, in all of market history.
Kinda a play on the real story/reality IMO. Also leaves out a kinda important fact like the massive dilution to the common shares since 2008:
When BRHT when public in 2008 it had about 14 MILLION shares total outstanding.
2008 10-K filing, page 1:
" The number of shares outstanding of the registrant’s Common Stock, $0.001 Par Value, as of March 17, 2008 was 14,447,138."
Within 1 yr, those shares had collapsed to about $1 per share and the stock was delisted from the NASDAQ and sent to the land of the penny OTC.
It's now traded at around 1.5 cents, maybe a recent 2 cent high approx, with a lot of time spent in the 1 cent range late 2013 and early 2014, before it dipped to the all time low of .0063 Dec 2013. It also traded a lot in the 1 cent range in early 2014, only now to return to the 1.5 cent range, not far from where it began the yr.
Diluted out now to about approx 517 MILLION shares (fully diluted shares now approaching probably 600 MILLION and climbing rapidly still, will know exact dilution number in next 10-Q filing).
Just since 2010 when the present CEO took over, the common shares have lost about 95% to 97% of their value approx. down from about .50 cents to .70 cents a share to a recent trading range of 1.5 cents to maybe 2 cents.
For producing that common shareholder loss and negative ROI,etc the CEO has just gotten a large base salary percentage increase to $525K per annual plus an annual cash "bonus" of $500K, pushing just the cash portion of his salary to $1,025,000 dollars per yr. Over $1 MILLION per yr, not even counting stock options and other perks he receives.
Pretty impressive IMO.
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