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Re: None

Friday, 04/17/2015 9:46:24 AM

Friday, April 17, 2015 9:46:24 AM

Post# of 106837
Bid collapsing again, .0071 and spread is WIDE

0.0072 / 0.008 (100000 x 183900)

http://www.otcmarkets.com/stock/BHRT/quote

Ask actually under down side pressure this AM too.

Both BMAK and CDEL are back down on Level II (the dilution MM's IMO)

BMAK has a 10K share block parked at .009, which is probably the day's "cap" then IMO. It's not going to .017 or whatever, charts are useless when dilution MM's are running the show on a tiny, very ill-liquid nano cap like this one.

This is still in a strong down trend, "technical" and chart wise, despite the bounce off the new all, all, all time low of .0046 set this week.

Until the 50 DMA breaks back above the 200 DMA this is not even close to a trend reversal, let alone the stock moving back to an uptrend of any kind.

They have mountains of toxic, convertible debt deals coming due one after a another in the coming months and they inked 3 more toxic, convertible, floorless debt deals in just Jan and Feb of 2015, as they're so cash broke.

They're also diluting continually using infamous MAGNA, via the $3 million credit line facility they opened with them - and which they stated in the SEC filings related to it that they intend to tap/draw on it all if possible (as the share price collapses they may not even be able to access all $3 million available in the 24 month window).

They're still diluting at a furious pace and I don't see how that would be abating at this point IMO. Dilution rule over charts or any other forces IMO, when it's done at the level this company is doing it- which is 10's and 10's of millions of shares at a time. J

ust in Jan, Feb and early march (PAGE F-34 most recent filed 10-K) they diluted out over 65 MILLION shares of common. That's like 10% of the float in less then 3 months. At that pace, they're gonna add another 40% or more shares to their common O/S float. They double the O/S shares essentially in the prior yr- increasing them from about 300 million to 600 MILLION O/S. They'd easily be past 700 MILLION shares O/S by now IMO, and the 10-Q will show that when issued I believe.

Dilution, dilution, dilution and use of toxic, floorless convertible debt deals trumps any chart or other forces at this point IMO. The down pressure and constant flow of shares to the Ask/sell side is more than any retail buying interest can soak up on this thinly a traded nano cap.