BMRX MASSIVE DEBT AND DILUTION TREND CONTINUES......
In last three years BMRX shareholders have been diluted over 400%
In last three years BMRX Negative Net Tangible Assets have increased over 500%. 2005 Negative Net Tangible Assets of Negative ($631,000) to 2007 Negative Net Tangible Assets of Negative ($3,329,000.
Basile and COO, CFO lining their pockets with $.10 shares while their incompetent management still losing $1 Million per month for last three years. Top executives dumped stock at 700% premium in January 2008 compared to $.10 just voted to issue to themselves.
Just like Sequiam, incompetent top management here does not understand that increased sales with pathetic gross margins will not counter balance their ineffective management abilities....
MASSIVE DILUTION STILL TO COME THIS MONTH (MILLIONS MORE SHARES BEING NEGOTIATED NOW AGAIN FURTHER DILUTING SHAREHOLDERS AT A DEEP DISCOUNT TO OPEN MARKET PRICES) WILL FURTHER HIGHLIGHT NEED FOR IMMEDIATE UPPER MANAGEMENT CHANGE BEFORE FOLLOWING SEQUIAM INTO BANKRUPTCY THIS YEAR.
JMHO
