"I added to my position today. Regardless of the MMs."
Just my 2 cents- I'd just recommend doing some Google searching and look for research on Magna and companies using their "enhanced equity line" credit line financing and Magna "notes" and similar terms.
I'd never tell anyone when to buy, sell or hold as it's their money and their decision of course.
But, to say "regardless of the MMs" I think is maybe missing some due diligence, respectfully. On the OTC, there are some firms and MM's whose reputations as prolific share price and company crushers are epic; the stuff of legend.
My personal opinion is Magna is one of these. Just even Google "I-HUB Manga" and you'll get all kinds of search hits returned and reading material. Remember, Magna for all intents and purposes is a hedge fund.
What happens sometimes- is they (Magnas, Ashers of the world) hold so much power, so many shares, so much financial backing- that it would take an enormous, near miracle level of "retail" Joe Q. Public buying to beat these guys at what they do, the Mangas and Ashers of the world. These are not nice people IMO- they are ruthless and make piles of money doing what they do. It's unfortunate but it's a harsh reality of the OTC markets. Like the Wild Wild West of the finance and penny stock world.
Can there be blips and maybe a run-up or two along the way? Sure, absolutely. But longer term- this is a major down trend that's gonna be epic to break now IMO. BHRT has already fired off a lot of PR and it hasn't made a dent in stemming this down slide.
"Bryan Miami" is commenting about the "trading patterns"- I think he/she clearly "gets it". Investorstem just posted earlier- I think he knows this from prior experience and is "getting it", though his theory is it may be lawsuit related.
But key points of those two posters- and I'm agreeing with them, is the day to day buying-selling or "trading" isn't even real "buying-selling" really a lot of the time anymore. It's professional level traders and firms who can use pro trading desks and relatively small amounts of money combined with shares they have gotten either via financing the company or in payment in shares, or who knows how- but they then use them to "drive" and "control" the stock trading.
We're talking about stuff that no retail Joe Q. Public folks can overcome. This stuff of parking on the Bid/Ask at the same time- all freaking day long with micro trades, back n forth for example. "Bryan Miami" spotted it as I had said I spotted it (MM BMAK being notorious as Manga for example)- it's obvious once one sees it. The same MM sitting on both sides of a trade and one has to ask, "What the heck, what is that??" Well, it's called "manipulation" and for better or worse is probably being done on some fine-line of the law to where it's juuuuust "legal"- as the people doing it are so freaking good at what they do.
Magna is becoming legend on the street like Asher is. Magna's already had run ins with the SEC from what I read- but they make so freaking much money- it never seems to slow um down or stop what they're doing. They hire legions of lawyers, they tie stuff up in court, they end up paying some fine, say $500K, but they made $8 million so what do they care? It's civil fines and not criminal stuff- so if one's making $50 MILLION a yr and can pay $5 million total in "fines" and not get shut down permanently, what the heck to they care? They sometimes pull up shop, cross a state line, set back up in NJ instead of NY say, get it all going again and keep raking in the coin.
I'd just personally say don't toss or disregard the "mm thing" as trivial. I think these are mega big boys playing in here now. The ruthless of the bad. They play for big money and for keeps from what I've researched and read. My personal take- is Magna can be a share price crusher and I mean brutal from some of the cases I found via Google.
So buy if you feel it's priced right- but this might be like stepping in front of a bulldozer in here at this point IMO. I want to read the 10-K and see if 1) The Magna lines been tapped yet and if so at what share price and netting BHRT how much cash 2) BHRT's cash position 3) BHRT's debt and expense line growth or not and a few other things. Maybe see if expenses are exploding due to legal fee for example- they just put a pile of lawyers on retainer.
My 2 cents. I don't trust Magna at this point- that's my take.
