Bid dropping again- it's all the .004's now:
0.0048 / 0.0053 (120000 x 10000)
Both BMAK and CDEL are all over it this AM, with BMAK setting the "cap" at .0053 with the 10K share block. This thing isn't going anywhere IMO, except likely DOWN.
The Bid is for all intents and purposes now, a .004's proposition at best it appears. There's 1.6 MILLION shares parked at .0045 today, that would be where the share price is heading then IMO.
BMAK is for now running a "bracket" - sitting on both the Bid and Ask at .0048 and .0053 w/ 10K share blocks respectively (a wide spread) - but if BMAK pulls their "stop block" off that Bid- then it's gonna head for that big block of 1 MILLION plus shares hanging out there at .0045, that's what I think will happen more than likely
It's just the "way it is" now- with the massive, massive dilution the company has entered in to and the continual use of toxic, convertible, floorless debt deals (qty-5, FIVE new ones in just Jan/Feb and April of 2015 already, see latest SEC filed 10-K and 10-Q)
For the first time that I've seen- there's a "legit" - meaning current time stamped, actual block on the Bid at .0038 being shown by MM BKMM for 400K shares. That's how weak the Bid really is it appears.
"PR" hasn't moved or budged it a micro smidge since the 2015 free-fall really picked up steam (post signing with Magna in late 2014), the SEC filings and PR reports of "our great 10-Q" or whatever, released after the filings hasn't made any difference, the big "new plan" thingy put out in PR and in the last SEC filings (with Power Point slides and vast "projections" of revenue or whatever) hasn't budged it off its new bottom prices here, the company PR about the "share buyback program" LOL has made a dent (sorry, but it was funny when issued IMO, and still funy now to me, using dilution shares to buy-back your own dilution shares?? Never did figure out that PR, just never "got it" personally I guess?) - no big buyers or big "net buying pressure" seem to be appearing from anywhere, even at sub 1/2 CENT levels?
When the company just issued out something like 80 MILLION plus dilution shares in the first few months of 2015 (see the share count from the last 10-K to the most recent 10-Q and see how much dilution occurred), and many of those shares were steeply discounted, some being as low as about .003 maybe .0035 a piece- I just don't see what catalyst this company of a few people is possibly going to have now to over come that massive down force those dilution shares are going to put on the common share price going forward- many of the convertible debt deals "coming due" (meaning they'll be converted to even more free trading shares) all through this summer and in to Oct/Nov 2015 and even to Jan 2016, if these guys are even still functioning and a "GOING CONCERN" still by then- who knows with this share price hovering in the .004's now?
Next big leg down- which I believe is imminent IMO, given BHRT's reliance now on Magna (as well as Danial James and KBM Worldwide and Asher and Fourth Man and Vis Vires now too, etc) - I believe the next "down tranche" the next big convertible debt "conversion leg" - will run it to the .003's w/o a doubt, as it's touched .004 twice now, on extremely high volumes.
My .0048 cents or so worth, for what it's worth
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
