LOL, quote, ""The Ascyrus Medical Hybrid Graft, when approved for commercialization, will save thousands of lives," said Dr. Ali P. Shahriari, CEO, Ascyrus Medical, LLC. "We believe the AMHG is superior technology in its medical utility, ease of use and risk reduction. Inventing the AMHG is a single step in commercializing this novel and important medical technology. Our developing partnership with Mike Tomas and the Bioheart team will enable Ascyrus Medical to expeditiously advance the AMHG through its clinical evaluation, regulatory approval and market penetration. The Bioheart / Ascyrus Medical partnership will save lives." "
OK, LOL, "sounds great"???
When approved? And when might that be- like in HOW MANY YEARS FROM NOW and how many $10's of millions of dollars later?
And "we believe" it's "superior technology" but know one even knows what "it" is exactly or what makes it "superior" supposedly etc?
OK. Sounds like "PR" to me. Classic. It doesn't even list where this "new company" (a just formed LLC) is even located or if it has one dime of investment money already lined up, etc.
It's so vague- what can possibly be even known about this "thing" - at this point? NOTHING, that's what IMO.
It needs "clinical evaluation and regulatory approval"?? YEARS then, if ever approved. Big whoop. What's BHRT going to use to "invest" in this unapproved device then? They, BHRT, can't even fund their own clinical trials for "LACK OF FUNDS" per their own, just released 10-K filing. But now are supposedly going to "invest" in some just formed, one person LLC and get a medical device funded all the way to regulatory approval, LOL? Really?
Is this coming from the BHRT imaginary "share buy-back money" that they don't have too, LOL ?(see just filed 10-K, finished 2014 with $36K TOTAL CASH to their name and did convertible debt financing as recent as Feb 2015, so they're gonna "buy back" share with their own dilution financing deals, LOL? Really?) Or, is this "agreement" going to be paid for with the just the sell shares at .0085 cents dilution fund- or via the latest convertible debt deal they did in Feb 2015 for like $25K or whatever it was with some new toxic lender named Vis Vires Group?
This is past out in "pipe dream" land IMO. Just another BHRT ole "PR" about some vague "agreement"- I've got a list of these from the past all bookmarked and archived. "South Africa" for example wasn't even mentioned in the just filed 10-K, but was per "PR" supposedly a "new partnership" and all. Getting a brand new "medical heart device" through the initial clinical phases and then through "regulatory approvals" when BHRT isn't even funding their own trials for "LACK OF FUNDS" and in 2014 just cut their own R&D spending to near zero, CUTTING their own R&D by over $500K. But now they're gonna supposedly (maybe, might, perhaps) "invest" (no money amount listed in the PR OF COURSE, what a surprise) supposedly "invest" in some just formed LLC of a "doctor" who's location and details of this "device" are not even clearly listed or spelled out in the ole "PR"?? Really?
I don't even expect to ever hear about this Dr whoever again in any BHRT SEC filings and the "maybe" agreement that's not for sure until June 2015 or whatever- for a LLC "company" that's not even listed as having an address or location. Just a vague "PR" that doesn't say much of anything concrete IMO. So vague that one can't even understand what's actually involved in it from a business "deal" standpoint that I can figure out- just a typical BHRT "PR" to me. (The "South Africa" ole "agreement" and "great sounding PR" blasts all about "it" being the most similar non-event to me, in my recent memory. Search the just filed 10-K and try and find the "South Africa partnership" and see how much money BHRT is making off of that one now, LOL)
My .0085 cents worth.
AI
