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Monday, February 02, 2015 1:14:25 PM
"undisclosed funds"??? How exactly do public traded companies have or keep "undisclosed funds"?? Do they have a secret money box they hide "off the books" somewhere or something?
They had $46K cash, total left on-hand as of the last 10-Q. Since then- they just tapped Magna, one of the most desperation lending firms and OTC company can use- and they did it for a $200K "note" at horrible terms and then a $3 mil "credit line" that has numerous restrictions on it as to when it can be tapped, it even limits other financing from stepping in to first positions ahead of Magna now, and all kinds of other restrictions.
What "secret sauce" funding does one speculate they're hiding somewhere? When and how did this supposedly occur and not get disclosed as a material event on a SEC filing or similar if it was even remotely true?
How exactly would that work, again for a public trade stock company?
I'm confused I guess? How does "undisclosed funds" work exactly? Oh, and how bout that original MIRROR PR that went out of its way to proclaim, "FULLY FUNDED BY BIOHEART" when it was never really funded at all, now was it? Over 1.5 yrs later and "FULLY FUNDED BY BIOHEART" is now proven to have never been true at all IMO. I mean their own words and documents, public documents make that beyond disputable IMO. It's crystal clear when I read what transpired- MIRROR was never "FULLY FUNDED" and IMO for all intents and purposes never even happened. That's what I think.
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