Minor correction in terminology- said they would be "sellable" by now. Meaning, the warrant holder could buy the stock via the rights given by the warrant (say at 1.6 cents) and have turned around and sold into this strength. The money goes to the warrant holder- not BHRT. So not sure where the implication that "funding is coming" because, say Asher, had warrants now "in the money" (example warrant strike is 1.6 cents, stock is now at 4 cents, warrant is worth something now), the 6 month hold had passed, so they exercised them, bought the stock at 1.6 and then sold the stock for a profit?
The money transaction of "funding" on those warrants already took place- meaning BHRT got the funding from those deals (the warrants are usually given as part of the "note" debt portion to sweeten the deal for the likes of Asher or similar) BHRT then booked the cash in 2013 and most is already spent and gone per the remaining cash position on the latest 10-K, that's my opinion and interpretation of reading the 10-K. If there's a different explanation, would love to hear it.
What is a "warrant"? It's pretty straight forward:
"A stock warrant in its most basic form is simply the right to purchase shares of a stock at a certain price. Warrants are good for a fixed period and once they expire, are worthless."
In the case of the 50 million or so warrants granted/given to various people/financial lenders in 2013, per the BHRT 10-K, they got the right to buy the stock at about 1.6 cents (average given in the table of summary of warrants in the 10-K).
So, if the 6 months had passed- and say Asher wanted to use/exercise their warrants (some of them say) then they could have bought the stock in the past few weeks at 1.6 cents, turned around and sold it at say 4 or 5 cents and booked the profits. The money goes to Asher. That's about it IMO.
What else is there? What "secret" or "upcoming" so called "financing" can be inferred from this- is again a big mystery IMHO and I don't get what that would be, or how it can/would be inferred via looking at the warrants issued as part of financing and other deals done all through 2013? Again, if that's wrong- explain it in detail for everyone please. Look forward to hearing how it would "work"? Curious?
That's my take/opinion on it.
