LOL quote, "Does it still take money to make money in business?"??
Well, BHRT understands the TAKE MONEY part it seems- but they sure as heck aren't, and never have mastered MAKE ANY MONEY part, EVER.
What part of the 10-K filing shows them even remotely close to actually "making money"??
They just took their largest LOSS FROM OPERATIONS since 2010. They're burning money to no end- they don't "make" any money? They continually LOSE MONEY and take LOSSES and if not for massive, massive, never ending dilution and borrowing of the most "toxic" kind one can use (KBM, Fourth Man, Daniel James, Magna, etc) they would have been BK and lights out a long, long, long time ago.
See the O/S share count- it's going through the roof and they have a whole new round of toxic debt deals now coming due, aka will be "converted" all in a row over about the next 6 months (really forever, as long as they can stay in business IMO, as they're doing toxic, floorless convertible debt deals essentially non stop continually) but a whole rash of um will all be getting converted over the next 6 months or so- just massive amounts of free trading shares gonna be flooding the market.
Probably another 100 MILLION or so dilution shares flowing onto the open market in just the next 4 to 6 months IMO, given the number of dilution deals all coming due in a row.
The company's own warnings about dilution are right in the 10-K.
PAGE 36:
"The sale or issuance of our common stock to Magna Equities II, LLC at a discount may cause substantial dilution and the resale of the shares of common stock by Magna Equities II, LLC into the public market, or the perception that such sales may occur, could cause the price of our common stock to fall."
"Specifically, because the per share purchase price for the Shares subject to a Draw Down Notice will be equal to a 7% discount to certain trading prices of our common stock as set forth in the Purchase Agreement, Magna Equities II, LLC will pay less than the then-prevailing market price for our common stock, and the actual purchase price for the Shares that we may sell to Magna Equities II, LLC will fluctuate based on the VWAPs and closing prices of our common stock during the term of the Purchase Agreement. As a result of this discount, Magna Equities II, LLC may have a financial incentive to sell our common stock immediately to realize the profit equal to the difference between the purchase price and the market price. If Magna Equities II, LLC sells the common stock, the market price of our common stock could decrease. If the market price of our common stock decreases, Magna Equities II, LLC may have a further incentive to sell the common stock that it holds. These sales may have a further impact on the market price of our common stock.
Moreover, there is an inverse relationship between the market price of our common stock and the number of shares of our common stock that may be sold pursuant to the Purchase Agreement. That is, the lower the market price, the more shares of our common stock that may be sold under the Purchase Agreement. Accordingly, if the market price of our common stock decreases (whether such decrease is due to sales by Magna Equities II, LLC in the market or otherwise) and, in turn, the purchase price of our common stock sold to Magna Equities II, LLC under the Purchase Agreement decreases, this could allow Magna Equities II, LLC to receive greater numbers of shares of our common stock pursuant to draw downs under the Purchase Agreement. Although the number of shares of our common stock that our existing stockholders own will not decrease, the common stock owned by our existing stockholders will represent a smaller percentage of our total outstanding shares after any such sales to Magna Equities II, LLC. Depending on market liquidity at the time, the sale of a substantial number of shares of our common stock to Magna Equities II, LLC at a discount to the then-prevailing market price for our common stock under the Purchase Agreement, and the resale of such shares by Magna Equities II, LLC into the public market, or the perception that such sales may occur, could cause the trading price of our common stock to decline, result in substantial dilution to existing stockholders and make it more difficult for us to sell equity or equity-related securities in the future at a time and at a price that we might otherwise wish to effect sales."
DILUTION, DILUTION and DILUTION and its consequences. All spelled out right there in their own 10-K filing. They just explained the "death spiral" to the tee, right in their own 10-K wording.
Fascinating again IMO. And that's not even talking about Asher, Daniel James, Fourth Man, KBM Worldwide and now even this new, latest toxic lender called "Vis Vires", their latest "toxic lender" they're tapping as they are CASH BROKE at any given time- they finished 2014 with a whopping, fantastic, grand total of $36K bucks to their name. Not even a mid priced luxury automobile (not even a used price for a decent, mid priced model).
There's gonna be so many free trading dilution shares piling on this thing in the coming months- I don't see what can possibly provide any meaningful buying pressure to even remotely overcome all the low priced shares these toxic debt houses are gonna be dumping- again, probably 100 MILLION or more shares in the coming 6 months or so alone IMO. Staggering dilution coming is what I see.
BHRT has fired off pretty much every PR they have, they gave the big "slide show" they've pitched the "new" business plan (which makes zero sense to me), they presently have little to NO CASH for all intents and purposes to even remotely come close to funding an FDA level Phase 2/3 trial- not even a down payment, etc What's gonna cause buyers to move in here now and want in on this? How much buying would have to take place to overcome the dilution shareholders now?
I just don't see it happening- they've gone so far, so deep into dilution and use of toxic, convertible debt financing, that I just see continual down pressure on the stock now. Could it pop a bit? I guess it's possible- but what "news" is left that would cause that? No "news" for the last 6 months or so has stopped it from hitting a 52 week low now and near its all, all, all time lows. It's now in the SUB ONE CENT range- and doesn't seem to show any ability to break out of that so far?
My .009 cents or less worth.
