"Actually was able to turn around a nice size profit. "?
Not sure what that refers to? BHRT has never, since their inception, that I'm aware of, ever showed or racked up or "turned around" a "profit" on anything? Give 10-K page listing a profit? When did BHRT ever show a profit? They barely have any sales, and certainly never even remotely close to enough cash/income from sales to even remotely cover their operating costs and expenses to ever result in a bottom line "profit" of any kind that I'm aware of?
Is that referring to Asher making a profit or BHRT? BHRT is a continual string of losses and cash burn- simple as that?
To say BHRT is still in business and the "lights are on" is a pretty limited statement. When you're hanging by a thread of cash, from month to month to month - often, probably barely servicing your debt, taking continual loans and/or IOU's from insiders (the last 10-K indicates they may be foregoing salaries at times for lack of cash), are borrowing from one hand to "cover" the other, shuffling the cards in the deck, etc- it's hardly a formula for success IMO? It's called "hanging on" at best in my book?
Also, remember- they can only dump those shares to the 1 billion mark or whatever, as long as someone is willing to buy um/take um off their hands. If it's the Ashers of the world- the share price can go so low, it'll be hard to find IMO. Also, dilution, and massive dilution does not come w/o consequences- it's not a "freebie" or anything. The more they dilute, the more shares outstanding, typically the lower the share price will go and the less likely for anyone else to want to be an investor in them or a buy-out or similar to occur typically.
I don't see any connection to Angel trial, a 5 person trial "bringing in" anyone, when they already had a phase II/III that stalled out and is now been sitting for 4 or so yrs and now Mirror, a phase III appears stalled out too. Why is a 5 person, "starting all over", back to step-1, trial in Mexico going to get someone on board, when a phase II/III like the Marvel or whatever never managed to do it for several yrs now? Don't get that concept at all IMO? Why? What would motivate an "investor" now on a 5 person, outside the U.S. trial- when the ones you had, way ahead of that level, didn't pull in the same investor(s)? Not seeing it?
The statement, "if they indeed need the money" in regards to the billion shares over 2 yrs or whatever. It's not an "if" IMO, they need the money and they've said so, multiple times in no uncertain terms. Read the 10-K. $211K left as of that filing. Grasp how much cash they use/need each month. That money is/would be gone by about today. So more money MUST come in from somewhere or it's lights out IMO. It's not an "if", it's a must. Their cash situation is dire, and their warnings are saying so- they don't put that verbiage in that 10-K lightly and willingly sign off on it. They have to put it in there and they mean what they say and the balance sheet says what it says. There is NO "secret" source or stash of cash or money someplace. That's not how it works. That 10-K is their straight up opinion and all balances as of that moment in time- thee most recent moments and the auditors also sign off on it. Not sure why that's not crystal clear?
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