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Tuesday, 02/10/2015 2:46:35 PM

Tuesday, February 10, 2015 2:46:35 PM

Post# of 106838
Wow, .009 Holy Smokes !

The AM started with almost no vol, 6500 shares after open- then parked and trading real sloow with a few trades here and there, very small micro trades.

Then, almost that exact same time as each day, that red-line spike on the daily chary, looks like 325K shares at 1:30 PM Eastern (usually it's been at about 11 AM Eastern per my observing, then sometimes another sell spike "after lunch" one like today) - and those MM's sunk it like a boat anchor.

Down 12% now and the vol shot way up passing 1.6 million shares after barely cracking about 50K shares all AM. Someone is selling and been selling for weeks and weeks now- heading on a few months here. Question is, who? Who's selling this kind of volume w/o letting up? Is it convertible debt shares being converted?

And BMAK of course moved right in tight on the Ask with, you got it, a 10K share block now parked at .0099 now on that Ask. Looks like that's their "cap price" at least for now. Every time it seems to drop hard, then BMAK appears to move in tight on the Level II Ask, always putting a 10K share block on the Ask, just above the current Ask. Amazing. (oh, just hit post and BMAK backed that 10K block off the Ask a bit. Wild, watching them play it. Wow.)

http://www.otcmarkets.com/stock/BHRT/quote

I guess if someone like Asher or Daniel James or whoever can get their shares at like 6/10ths of a cent or whatever- maybe they'd be willing still to convert those shares here as it's still a pretty good profit? But is there millions and millions of those shares a day, unending for over a month now?

I guess when dilution has been several 100 MILLION shares in less than a year- it's possible there's that many shares out there? But can they all be sold in these price ranges at a profit? I guess if they're convertible then it's possible - as they're "floorless" essentially. Meaning they always price on that "conversion" formula always worded something like, "the lowest avg price of the past 10 trading days, blah, blah, blah" - so I suppose those firms can convert at pretty much any price and still make a profit? I suppose they don't call it "toxic debt" or "death spiral" financing for nothing?

http://www.sec.gov/answers/convertibles.htm