LOL quote, "Is this the end for BHRT?" Well, it ain't lookin real good here to say the least IMO.....
A 1/2 CENT share price now for all intents and purposes.
Yahoo finance and Google finance have the market cap at a paltry $3.82 million as of today. Yep, SUB $4 mil on the market cap and their current obligations in the latest 10-K "going concern warnings" is like $11 million or so now (just "accounts payable" I believe exceeded $2 MILLION in the last 10-K, more than half their current market cap now, WOW !).
BHRT finished 2014 with a grand total of $36K cash-on-hand despite inking qty-3 new "toxic", floorless convertible debt deals with firms like KBM Worldwide and some new firm Vis Vires and another Fourth Man deal, just taking on more and more toxic convertible debt. (see page F-34 most recent SEC filed 10-K)
They unloaded 65 MILLION plus more shares of pure dilution before the first 3 months of 2015 were even done (see same page F-34 of most recent 10-K)- and if one does the math, a lot of those shares were issued "on the cheap", at some sort of discount to the market price - issued to a toxic lender/hedge firm like Asher or Magna or similar.
The common shares have spent nearly all of 2015 (you know, the "big year" and the yr of the "revenues" thingy and the "new plan" and all that jazz) - the common shares have spent nearly the entire yr 2015 (it's MAY now) as SUB ONE CENT shares and just made a recent new all, all, all time low of .0045 CENTS (yep, SUB 1/2 CENT now is the new low).
So to quote the question, "Is this the end for BHRT?"
Well, IMO it sure ain't lookin real good in here at this point it seems? Pretty tough sledding looks like to me. If any of these toxic debt firms or now MAGNA (see the SEC filings regarding the details of the $3 million MAGNA "credit line" BHRT inked and has already tapped per the latest 10-K filing)- if any of them are converting shares in here at these prices- they'd be getting shares in the .005 range minimum to probably as low as about .0025 (yep, 1/4 of ONE CENT) range IMO (just do the math based on the share discount formulas in the toxic debt deal terms in the SEC filings, discounts of like 45% plus). So if there's now 10's of MILLIONS of .0025 or .003 cent shares hanging out there now (which is now very likely IMO)- then is can't bode well for this share price that's been spiraling down, nor the collapsing market cap IMO.
The lower this share price goes- the more and more dilution the company needs to raise even a pittance of cash each time (the SEC calls it a "death spiral" for example- see their website on convertible, floorless debt deals, the SEC) and the more extremely dilutive any existing toxic, convertible note deals get if those firms choose to "convert" their debt to shares in these price ranges. A single "draw" from Magna for say around $100K which BHRT already did once in early 2015, that "draw" amount would now = more than at least 20 MILLION shares to Magna at these current common share prices, 20 MILLION more shares of pure dilution to get just $100K of cash. When Magna puts those 20 MILLION shares on the sell/Ask side- what's it do to the common share price? Well, all of 2015 so far seems to pretty much "tell the tale" IMO. Not a good "tale" to say the least- given that the common shares are down like 70% or so from late 2014 and are now down something like 80% or more for the past 1 yr period.
My .0058 or so AM opening price cents worth.
.0063 "used to be" (as in past tense) the stock's all, all, all time low. It's now trading in that range for weeks at a time- like it's the "new normal" range it appears to me.
