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Monday, March 16, 2015 3:28:11 PM
What? THEY FINISHED THE END OF YEAR WITH $36K TOTAL CASH to their name. What part of that pittance is this imaginary Phase 3 trial going to be funded with? They've cut R&D spending to noise level, let go one full time employee and one part time and now are a THREE PERSON company- and also did qty-3 more "toxic note" financing deals as recent as Feb 2015, AND used part of the Magna "credit line" facility- and still are CASH BROKE.
What part is the myth part of the story where this imaginary "trial" suddenly gets funded and all the rest? Which of the THREE total employees left, who have almost no cash available at any given time are going to run and manage a large, complex, FDA regulated Phase 3 trial?
They just took a LARGER LOSS from operations this year than in 2013, despite wiping out nearly all R&D (aka trial) spending.
It's laughable IMO to even "try" and talk about some large clinical trial taking place- they're in horrible financial condition (SEE AUDITOR GOING CONCERN WARNING, and INCREASE IN DEBT from just last qtr) - and they now have THREE TOTAL people left at the entire "company" in their tiny, leased ole "world headquarters" and all.
What part of the reality am I missing here, or is it just make it up as one goes along and imagine everything, 100% in contrast to the stark reality of that just filed 10-K? A 10-K that shows them in as dire a financial condition as they've probably ever been IMO. Loaded to the gills with toxic, convertible debt financing deals- yet ended with $36K total cash on the year. I think I can only remember one worse past 10-K where the cash-on-hand was an actual -0- (ZERO) entry.
Other than that- it's about as bad as they come IMO from what I remember reading of their past SEC filings.
Bid/Ask still stacked to the SELL side and not breaking the ONE CENT barrier- on this, another "big news" supposed day? Why? Why is that? Dilution maybe?
0.0095 / 0.0098 (20000 x 239500)
http://www.otcmarkets.com/stock/BHRT/quote
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