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Wednesday, May 06, 2015 10:01:49 AM
LOL !!
Well, here's the "non sound bite" ole "full" version the "boss" SIGNED AND FILED WITH THE SEC- the "full story" told in this version is a tad bit different IMO.
The ENTIRE 10-Q, quite a read, cover to cover IMO. A lot more in this "version" than a few selective one-liners. Start with the LARGER LOSS FROM OPERATIONS, the qty-5, FIVE more "toxic" convertible debt deals done in 2015, the $79K total cash left to their name, and the over 87 MILLION dilution shares issued just recently- maybe just those "highlights" for a starter.
http://www.sec.gov/Archives/edgar/data/1388319/000114544315000630/bioheart_10q.htm
Oh, and the "GOING CONCERN WARNING" is always good reading too- the one the "boss" writes and signs off on:
PAGE 11, the "boss" signed SEC filed 10-Q linked above:
"NOTE 2 — GOING CONCERN MATTERS
The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying unaudited condensed financial statements, during three months ended March 31, 2015, the Company incurred an operating loss of $1,048,217 and used $384,251 in cash for operating activities. As of March 31, 2015, the Company had a working capital deficit (current liabilities in excess of current assets) of approximately $11.0 million. These factors among others may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.
The Company’s existence is dependent upon management’s ability to develop profitable operations and to obtain additional funding sources. There can be no assurance that the Company’s financing efforts will result in profitable operations or the resolution of the Company’s liquidity problems. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern."
Guess that part didn't make it as a "bullet point" into any one-liner ole "PR" as usual, LOL ! Always somehow miss that one getting in those PR's. Same with the dilution share count or cash on hand or new convertible debt deals inked in the past few months or how no trials were started- you know, ole Myocell or Myocell SDF or whatever- now going on SIX YEARS old, etc Funny, those never make in those "cool" PR thingys? Why is that? Why I wonder? Why?
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