LOL, "5. A 20% reduction in the Company's working capital deficit."
Well, add this little FACT from the 10-K and it's pretty easy to reduce that ole "working capital deficit" IMO.
Just filed 10-K, PAGE 55:
"Research and Development
Research and development expenses were $66,420 in 2014, a decrease of $560,563 from research and development expenses of $626,983 in 2013. The decrease was primarily attributable to a decrease in the amount of available funds.
The timing and amount of our planned research and development expenditures is dependent on our ability to obtain additional financing."
I used "word search" on that 10-K filing and I think the term "research and development", the term, exact phrase, appears at least 50 times or more before one gets to PAGE 55 WHERE THE ole "research and development" spending by the company is cut/hacked DOWN, REDUCED by over HALF A $MILLION large. $560,563 CUT from R&D makes the ole reduce that "working capital deficit" just a tad easier usually.
Only problem is, IMO, is that in the 54 pages of the 10-K that precedes that $560K CUT to R&D spending- they, BHRT, sure spent a whole lot of lines and time explaining how they're supposedly a "stem cell RESEARCH AND DEVELOPMENT" company of some sort and how RESEARCH AND DEVELOPMENT and the creation and maintaining supposedly of pesky stuff like PATENTS and NEW PRODUCT AND THERAPY development (aka R&D SPENDING) is just the ole life-blood and key to their supposed future and all.
Me, it's very confusing to me. To use the term "research and development" just so gosh darn many times in one part of that 10-K filing, and then to get to PAGE 55 and see they CUT THAT R&D SPENDING by over $550K to just about nothing per month being spent now?
I just can't personally "figure out" exactly how that would all quite "work" and all? But hey, that's just ole me I guess?
But yeah- knocking over $550K out of the ole R&D budget and CUTTING EMPLOYEES (see 10-Q from 3rd qtr compared to this just filed 10-K, PAGE F-11, THREE full time employees left total, at company now)- that always as far as I'm aware sure helps the ole "cut the working capital deficit" part a tad. Put that $500K plus CUT back to the R&D budget and then see what the old "working capital deficit" turns out to be.
My .0091 cents worth
Opening trade today of 600 shares at .0091. That's 600 X .0091 = $5.64 worth.
FIVE BUCKS and change for the opening trade and now almost ONE HOUR into the trading day, LOL?
Guess those buyers are just barreling in here after that incredible 10-K and the ole rosey "PR" the next day and all this other "good news" and the $BILLIONS it's all worth according to statements posted right here. Amazing IMO. Incredible to see that $5.64 worth of shares being bought up so rapidly on the Ask- that's a sure sign IMO of $BILLIONS fa sure.
