" Per the last SEC filing he purchased more shares"? NO. WRONG. You need to learn how to read a SEC statement. They were GIVEN OPTIONS my friend- they didn't "buy" or "purchase" anything. An option grant is booked as "shared acquired". You claim the insiders have been (as in recently) buying and "investing". NOT TRUE. All indications from all recent 10-Q/10-K going back at least 1 to 2 yrs is that they've been GETTING PAID BACK on their original investment, WITH INTEREST. They are getting "paid back" via LARGE blocks of shares being handed to them, near continually. Also, they recently, with the stroke of a pen "re-priced" past option grants so as to put them "in the money" or "near in the money". I don't have time at the moment- but I'll be happy to give 10-Q and exact page numbers and word for word. Also, they recently granted LARGE BLOCKS of options to the few key employees (2) and the board and Northstar guys- and they made um to VEST IMMEDIATELY. That's a technique used to HAND PEOPLE MONEY typically and get them pay back for loans and similar. Normal option grants vest over time- usually at least 3 yrs or more and vest in percentages each yr before you can sell a single share. That's so as to be an incentive to keep key people long term and make them perform by growing the value of the company. To vest them instantly is a sign to allow them to GET OUT ASAP and dump shares rapidly. It appears you don't know much about how options work and are granted, etc. Further, they also recently, via the stroke of a pen (no common share holder vote or similar) they granted Northstar more preferred shares, EXACTLY ENOUGH to insure that they and they alone control all voting rights above and beyond the common shareholders- again, will be happy to site the SEC doc w/ page number and even cut n paste the text for you. Further, Northstar has been granted a license and rights to nearly everything BHRT would own, does own and might own in the future- including intellectual property. Again, can site exact line, page number for you. So, even if this company amounts to anything- it's really quite interesting to speculate what the common shareholder would ever really own or benefit from? You do realize why Northstar was formed out of essentially thin air as some sort of odd-ball "shell" company of insiders, don't you? BHRT was in default on a key loan, one of the MANY they have. That's known as bankruptcy. So, they form Northstar and somehow "assumed" that loan and now have been getting shares and options to pay back Northstar, as stated with a decent interest rate. The financials are often so convoluted (IMHO) that you can not clearly discern who is still owed what, who's been paid back how much, etc. It's an extremely confusing 10-K/10-Q whenever they put it out- loans upon loans, debt upon debt, loans "split" a half dozen times or more, loans "assumed" or "transferred" all kinds of screw-ball financing stuff. That is why the auditor is there and boils it down to what they owe which is a lot, how little cash they have, which is very little and that the chance for default, in the opinion of the auditor's is high. That's the way I read the 10-Q'a and similar. If you can site line by line, page numbers, etc and prove otherwise, I'd welcome the feedback.
AI
