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Re: None

Friday, 09/25/2015 10:46:25 AM

Friday, September 25, 2015 10:46:25 AM

Post# of 106834
Quote LOL, "Looks like this is recovering a little or leveling out. Maybe the bottom is in around .002ish?"

Well, not too sure about this thing "recovering" now, or ever- not with a .002 per share stock price and a market cap showing today of approx $1.8 million lousy bucks, when their last 10-Q showed just "account's payable" debts totaling over $2 MILLION dollars and $93K total cash dollars left to their name, end of last qtr??

THe stock just opened DOWN, SOLID RED a negative 19% this AM on a single block of 1.2 MILLION shares about 18 seconds after market open. Not exactly "recovering", LOL??????

0.0021 / 0.0024 (30000 x 881000)


ALL loaded to the Ask/Sell-side and that ole Bid has never left the .002 or .0019 area for 2 weeks now. Pinned down solid.

The Bid has never left the .002 area since this latest dilution MM massive "leg down" ole "conversion" was run over the past 2 weeks or so. All I see is the usual pattern where the convertible debt boys (Asher, Magna, Vis Vires, KBM Worldwide, Fourth Man, Daniel James, etc- see any latest SEC filed 10-Q or 10-K) where those convertible debt hedge lenders run their "stair step" DOWN PATTERNS. They never run the stock straight down- they convert blocks like last week when his posted 10's of MILLIONS of shares to the massive down-side (19 million traded one day, 13 million another, several other high volume days too)- they run it in a continual "stair step" down so as to profit on their massive share "conversions" each time.

The stock just made recent new all, all, all time LOWS of .0018 per share and has recently traded several times as low as .0019, many times in the past week.

Lets say some of the convertible debt holders named above- lets say they just ran a big ole "conversion" of debt-for-shares right in this range. They all get about a 45% to 47% discount on their shares. So what would have happened this past few weeks then? Well, they'd of gotten shares then for about:

.0019 X .55% (their massive discount) = .001 per share basically

Lets say they converted $75K worth (look at the last 10-Q, BHRT owes a WHOLE LOT MORE than $75K to the convertible debt firms, WAY more)-

$75,000 / .001 per share = 75 MILLION dilution shares they'd of just gotten. So, they'd now have 75 MILLION .001 dirt cheap shares they'd need to sell/trickle out onto the Ask over a period of the next few weeks or a month or so- whatever it is, to make nothing but big bank, aka doubling their money almost if they can sell those shares anywhere in this .0019 to .002 or even .0022 range. They can make $75K profit on a loan of $75K that they maybe only held for 6 months or less. That's a staggering return on their money- and it's "what they do" as convertible debt hedge lenders. Reams of articles written about it on the net and even forums right here on I-HUB all about "Asher" (aka Curt Kramer) and the hedge lenders and "what they do".

HOLY COW. So BHRT now has a massive block of share sitting out there likely- all priced at lets say approx .001 per share. This is what the convertible debt "death spiral" does and looks like per all I've read (the SEC site, Bloomberg, Wiki, etc). It means that Bid and the share price are essentially GOING NOWHERE IMO, barring a freaking Biblical level miracle happening, which I personally don't see at this point, LOL !!!

So now the convertible debt holder firm- they let-off the sell-side pressure/peddle a bit and begin to look for any buyers/takers in this price range- say anywhere from about .0018 to .0022 and they're nearly DOUBLING THEIR MONEY as they trickle-sell the big ole basket of .001 shares they just converted. That's all I see happening here right now- it's just the usual pattern, nothing new here or "recovering" that I can see?

Then, when they get finished with that (the convertible debt firms)- it's wash-rinse-repeat and they'll IMO run the next big leg down. IF .0018 is now the new all, all, all time LOW, then the next big low will be way below that if the past pattern is any indicator- I'd guess they take it next to around .001 or just a tad above that. Wash-rinse-repeat again.

It ain't helping either IMO, that a big ole massive 1000 to 1 R/S reverse split is hanging out there about to happen to, LOL!! Who wants to buy ahead of that as another poster stated? It's a wipe-out to the common shareholder(s).

I don't see any "recovery" happening here? NONE IMO. All I see is a convertible debt latest down-leg running it's usual course and pattern. Not a matter of "if" it makes the next big leg down, just "when" IMO. It's all it does- as they live off of convertible, toxic debt deals. They finished last qtr with about $93K total cash to their name- and just immediate debts like account payable exceeding $2 MILLION, plus they pay a lot of interest on massive other debts they owe, they've borrowed $180K or whatever it was against their future receivables (the factoring deal in the last 10-Q) so now they must make debt payments on that, aka MORE CASH going out the door. I mean- if they haven't done more convertible debt deals recently, I don't know how they'd still be in business w/ the lights on, even in the survival mode they're in already???? They'd be cash broke in about a few weeks w/o being able to use convertible debt IMO- just from reading the reality in any of their latest SEC filed 10-Q and 10-K, and it's had to have only gotten worse as the share price and market cap has massively collapsed in the last month or so - making it even that much harder to raise each pittance of convertible debt cash they live off of.

NOPE, I don't see any sign or type of "recovery" here- no way IMO. This thing is still in free fall and I can't envision a single catalyst or change that can possibly reverse that now? What would it be at this point- when they're about to do a HAIL MARRY massive 1000 to 1 R/S reverse split- almost always a sign of total last ditch survival in these sub penny plays, and the shares every time I've ever seen one done- just keep on going LOWER and LOWER after the ole R/S split, like it never even happened per my experience.

My .002 or so CENTS worth (less than 1/4 of a CENT, LOL !!) - cause that's all one's gonna get for their shares on the Bid, the Bid that has never risen since being crushed over the past 2 weeks or so.

Q-3 of 2015 ends in a few days- they look to be in as desperation straights as they've ever been IMO. What's changed, LOL???

http://www.bloomberg.com/news/articles/2015-03-12/josh-sason-made-millions-from-penny-stock-financing

http://www.sec.gov/answers/convertibles.htm

https://en.wikipedia.org/wiki/Death_spiral_financing

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.