Answering your previous request (which has now been deleted Your post #82 asking for link to correct O/S) to post the link that had the current O/S and not the 14 Million range you were posting on this board. The information regarding the latest O/S figures I posted were in their latest SEC filing. Your comment of me being "Birthday Boy" and even though it was my first day I was making the board aware of real figures that you as moderator were not aware as you were posting the wrong O/S.
My statement was to help the board not embarrassing the moderator who did not know the current facts.
The dilution I pointed out is just the tip of the iceberg. This stock has already dropped by 2/3 this year. Crestview and BIL do not make stocks go up, their history proves any financing with them comes with massive dilution. Called "Death Spiral Financing" common in penny stocks who fall victim to people like Crestview and BIL.
BMRX already issued an additional 20% common stock last year for financing (not counting warrants issued for defaulting on non-payment of interest payment on that financing). BMRX being led by the nose by BIL and Crestview has received a paltry $250,000 and no meaningful assets from Sequiam. Neither Fujitsu or Black and Decker will deal with them and all the main talent such as Chris Barrow, Bob Aoki from Microsoft and Jake Smith from Intel who bring most of the deals have left.
So now BMRX closing in on 20 Million O/S, Sequiam employees receiving millions of BMRX shares that vest immediately to stay and when the final shoe drops shortly and they take in money from BIL and/or Crestview (which has already been in trouble with the SEC before) they will do to shareholders here exactly what was done to Sequiam Shareholders.
All current BMRX deals are in the area of 35-40% gross margins at best which will not afford this financing and BMRX burn rate. BIL and Crestview know this, they are predatory lenders. Find one company they have funded where they have not destroyed the stock holders. You can't and unfortunately the executives of this company are not smart enough to know they are just BIL and Crestview next patsy.
Anyone buying stock at these levels will wish they had listened to this post in the next 30 days when the stock price tanks to single digits.
