How BAD is the dilution? Meaning what are these toxic lending firms paying per share?
Just a few examples from a very quick glance at the 10-K filing:
PAGES F-34/F-35 the very end of the document:
"" In addition, the Company issued 20,219,367 shares of its common stock in settlement of $132,500 of outstanding convertible notes payable and $2,520 accrued interest and 16,556,976 shares of its common stock for net proceeds of $135,645 from equity drawdown under the Magna Purchase Agreement." "
Just right there, on a few lines of a document that's what, 100 pages or something- it says a lot IMO. Tells a huge part of the real story of what's happening here to me.
For a grand total of $132K cash + $2,520 interest and then $135,645 cash BHRT just paid out 20,219,367 + 16,556,976 = 36,776,343 shares of common, free trading, pure dilution stock.
Yep, for a grand total of $132K + $135K = $267K cash, they, BHRT just paid out 36 MILLION SHARES of pure, grade-A dilution shares. $267K, not even close to paying just a portion the $800K in "cash bonuses" they issued to TWO people of a 4 or 5 person company, but it diluted the common shareholders by 36 MILLION shares to put it in perspective.
THAT is what happens when toxic, convertible debt financing is used, and used nearly continuously.
What did those firms pay for those shares then?
Magna just got their shares then at the following price:
$135,645 / 16,556,976 = .008 PER SHARE. Yep, ole Magna just got 16 MILLION plus shares for 8/10ths of ONE CENT. They're gonna crush the price with those IMO. They'll be dumping um onto the market- probably already are IMO.
How much did the other firm pay- who is not even named (I'm sorta assuming it's the Magna $205K "note" but it's not made clear the way it's written):
$132K + $2,520 in interest = $134,520 / 20,219,367 = .0066 WOW, KABOOM.
Whoever that was, I'm guessing the MAGNA $205K "note" was partially converted- they just got 20 MILLION SHARES at .0066 per share. Gonna crush the price again, IMO. Yep.
THAT is what dilution looks like in hard numbers, basic math. And one wonders why the price has been sunk to below ONE CENT recently?
Pretty obvious IMO. I don't see any buying pressure that's gonna overcome that kind of massive dilution- short of a miracle or something else. 36 MILLION shares handed out at or below .008 per share. Holy cow.
