Gs, respectfully, I never discuss what I own, how much, etc. That's my personal business.
I will say this- my biggest (what's the word?) concern, at this point is that Mirror appears to have gone M.I.A.
From that, I open the question(s): What is BHRT really doing, trying to be, what is their end game now, or anymore? It's all getting muddled to me?
Are they really a legit, FDA trial pursuing, drive a product to the FDA big finish line, get approval and gain the kind of market cap that has been batted around? Or, have they "morphed" into some kind of "medical tourism" gig, hock/sell/pitch stem cells for every ailment known to man, all over the 2nd and 3rd world for whatever cash it brings in kinda deal? I mean, they are called BioHEART- but they seem to be losing their direction to me, my opinion only.
Do they merely exist anymore to sell/dump shares (73 MILLION this qtr alone) to keep the gig going as long as they can milk it- paying themselves salaries, paying back the Northstar insiders as much as possible, etc? I'm really starting to wonder where this is all supposed to be heading?
Given the financial realities- which no one can skirt around or deny are in pretty dire straights, and given that Mirror, again, just got a "barely mention" in your most important document you put out each yr- I don't "get it" anymore who, what, where they are, are going or trying to be? Really not seeing it? ED, eye stuff, animal Stemlogix, Middle East deal (notice- no mention typically of these "deals" when it comes 10-K time), Honduras, and on and on and on? What's the end game. What happened to the big goal? HOW can you possibly manage 10 or more major projects with 4 or 5 full time people- and also run a phase III trial(s)? How? And how to you do a phase III when your cash on hand at any given moment varies between about ZERO (really zero) and now about $40K or so? How? It's mathematically, biz wise impossible based on what is well known about what a legit, phase III and FDA submission takes to pull off and get to the goal line.
So, yeah- I see huge red flags in this 10-K at just a cursory read. I saw problems, big ones in the past couple of 10-Q's, but everyone had the "they have a new plan- it's turning around" kinda thing going on. Now, after first glance at this document- I'd say that's all up in the air in my, and my opinion only. This 10-K to me, nothing but same old, same old and some parts looking worse, more dire than ever. Not good in my opinion. Is the stock still a trade maybe- sure. Would I think to go real long now and feel good sleeping over weekends and all- I don't know? I think most now are "trading" this stock and that's a whole different ball game from being an "investor" in the company for the long haul. That's my 2 cents- I still need to spend at least an hour or more and plan to read every page, word for word on that 10-K.
Good luck to ya- if you believe, then hang tight- I just hope you don't have the life savings riding on it, or money you can't afford to lose. Nothing wrong with locking in some profits you know- it doesn't make you guilty or not a "believer" as I think someone else just posted- a very good way to put it.
