LOL ! Quote: "Does this mean we get to buy this cash cow for cheaper??"
"cash cow"?? The company ended the last qtr with $46K TOTAL cash on-hand, not even the price of a mid level luxury auto like a basic Lexus SUV. "cash cow"- that's too funny !! $250K or so TOTAL assets to their name as of their last SEC filing, they own essentially nothing for all intents and purposes- they have no cash or cash reserves. The news today- is Apple and MSFT have a combined $300 BILLION in cash and are adding more. Those are "cash cows".
BHRT is a DEBT COW, not a "cash cow"?? Not by any stretch of an imagination.
From their last filed 10-Q, PAGE 36
"At September 30, 2014, we had cash and cash equivalents totaling $46,592. However our working capital deficit as of such date was approximately $10 million. Our independent registered public accounting firm has issued its report dated March 24, 2014 in connection with the audit of our financial statements as of December 31, 2013 that included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern and Note 2 of our unaudited financial statement for the quarter ended September 30, 2014 addresses the issue of our ability to continue as a going concern."
Same 10-Q filing PAGE 12:
"NOTE 2 — GOING CONCERN MATTERS
The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying unaudited condensed financial statements, during nine months ended September 30, 2014, the Company incurred an operating loss of $1,247,199 and used $747,184 in cash for operating activities. As of September 30, 2014, the Company had a working capital deficit (current liabilities in excess of current assets) of approximately $10.0 million. These factors among others may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.
The Company’s existence is dependent upon management’s ability to develop profitable operations and to obtain additional funding sources. There can be no assurance that the Company’s financing efforts will result in profitable operations or the resolution of the Company’s liquidity problems. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern."
CASH COW companies DO NOT have "going concern warnings" to shareholders in their SEC filings. CASH IS KING and thus "cash cows" never, ever, ever have "going concern" or "liquidity" problems. BHRT ain't a "cash cow" company by any stretch of a vivid imagination- that's for certain per their own SEC filings. They, BHRT, are nearly cash broke at any given time- barely even able to pay their day to day or month to month debts and obligations- often using common stock to pay common bills such as "accounts payable" or "interest owed" etc as they have no cash to pay those bills with.
Same 10-Q filing, most recent, PAGE 27:
"Subsequent issuances
On October 3, 2014, the Company issued 514,886 shares of its common stock as payment of $70,521 interest on its Northstar (related party) debt.
In October 2014, the Company issued 1,818,182 shares of its common stock in settlement of $20,000 of convertible debt.
In October 2014, the Company issued 1,293,103 shares of its common stock in settlement of $15,000 of convertible debt.
In October 2014, the Company issued 2,260,764 shares of its common stock in settlement of $18,000 of convertible debt and accrued interest of $2,120.
In October 2014, the Company issued 552,846 shares of its common stock in settlement of $5,500 of convertible debt and accrued interest of $1,300.
In October 2014, the Company issued an aggregate 2,773,549 shares of common stock for consulting services.
In October 2014, the Company issued 538,875 shares of common stock in settlement of accounts payable."
