Auger08 Quote, "The company is clearly diluting but everyone else is the bad guy except them. Oh ok, I get it, great investment thesis."
EXACTLY !!!!!!!!!!!!
Always the "manipulation" bogey man or now these vague "stock manipulators" (whoever they are) doing it all out there.
Never the simple fact that 300 FREAKING MILLION plus shares of pure, raw, GRADE-A dilution gets piled on in about a 1 yr period, and especially when a good chunk of that dilution is tied to firms (of well known and "notoriously" brutal and infamous/notorious penny stock lending fame) like Asher, Magna, Daniel James, Fourth Man, KBM World Wide, etc. How is that reality eventually IMO NOT going to cause some "chickens to come home to roost" sooner or later? How? What company, a thin traded penny stock can possibly absorb all that w/o some end consequences to the common shares? I don't get it?
The company Sr. Mgt willingly dilutes, correct? I mean they've given themselves enormous pay raises despite the company being near cash broke at any given time ($46K total cash as of close of last 10-Q filing) - but it's never those bonuses and raises and all the cash they require either. It's the "stock manipulator bogey man instead"? Really?
Just 2 people of a tiny, 4 or 5 person total "employee" company- just 2 of um now consume/require $1,575,000 annually just to pay them their base pay package and their promised "cash" bonuses. TWO PEOPLE will use more than 50% a yr of the entire recent Magna $3 million-over-24-month "credit line" facility that BHRT just willingly inked and signed up for. CEO/CSO now consume: $525K base + $500K bonus + $250K base + $300K bonus $1,575,000 by my math? All while the stock was hitting its all, all, all time lows (low of .0063 in Dec 2013 and $800K bonuses were handed out in mid 2014 I believe).
Yep, it's always that bogey man out there- the "manipulators" and all the rest. NOT the finishing a qtr with a grand total of freaking $46K CASH against over just "accounts payable" of $2 MILLION bucks that might freak some people out a tad, plus $10 MILLION in immediate debts? NOOoo.
From last filed 10-Q, PAGE 12: (the part NO ONE IS SUPPOSED TO READ I GUESS?) "NOTE 2 — GOING CONCERN MATTERS The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying unaudited condensed financial statements, during nine months ended September 30, 2014, the Company incurred an operating loss of $1,247,199 and used $747,184 in cash for operating activities. As of September 30, 2014, the Company had a working capital deficit (current liabilities in excess of current assets) of approximately $10.0 million. These factors among others may indicate that the Company will be unable to continue as a going concern for a reasonable period of time. The Company’s existence is dependent upon management’s ability to develop profitable operations and to obtain additional funding sources. There can be no assurance that the Company’s financing efforts will result in profitable operations or the resolution of the Company’s liquidity problems. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern."
BUT, check out that compensation table in light of that GOING CONCERN WARNING? Not like a healthy 10% raise or something in tough times. It's a DOUBLING of the base pay in 2 yrs, to just 2 people. WHO in this economy has been doubling their pay in 2 yrs and getting large cash bonuses as "kickers" too boot? No one I know, that's for sure? But that's just me I guess? Most companies I'm familiar with - are in "no raise" to "low, low raise" and cut, slash, and burn mode for the past 4 yrs. Go figure on that one? Makes ZERO sense IMO?
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