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Sunday, February 08, 2015 10:39:54 AM
Yeah, and they've done nothing but LOSE MASSIVE AMOUNTS OF MONEY since then (over $100 million in sunk capital, gone w/o a return on investment, ever)- never once producing a positive return on investment or generating so much as one CENT of a profit.
Since going public in 2008, then being NASDAQ delisted in 2009- the common stock share have lost about 99.98% of their value. Yep, a stunning success story if there ever was an imaginary one?
$5 a share IPO in 2008 that barely raised any funds- one of the worst IPO's in probably all of NASDAQ history, at least recent history.
http://venturebeat.com/2008/02/20/bioheart-a-new-record-for-ipo-futility/
http://venturebeat.com/2008/02/19/three-yards-and-a-cloud-of-dust-bioheart-makes-it-across-the-ipo-goal-line-but-with-little-to-show-for-its-struggles/
$5 a share = 500 cents. Friday the share price hit .0098 cents, sub ONE CENT.
500 - 1 cent = 499 cents. 499/500 = .998 X 100 = 99.8% loss to the common share value since only 2008. Fantastic. Amazing decline. That's not "going up"?? That's falling off a cliff into the abyss down any way I slice it?
This company has been in financial trouble nearly since it's inception- and for certain since going public, including being in default several times on key loans, etc. If not for being able to dilute and issue out shares continually, shares that have continually lost their value, this company wouldn't even have existed the past 5 yrs. Simple as that- they are not a self sustaining business by a long, long, long shot. Just read the reality of their SEC filings- it's all in there.
http://www.bizjournals.com/southflorida/stories/2010/07/26/daily1.html
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