Pennyfactfinder- quick question because you never follow back up on my comments. Your question/concern was why don't the insiders just buy this company? What are your thoughts on my last comment when I mentioned they are hedging the risk by raising money through a public traded firm. As you mentioned in this replied post, they've burned through over a 100 million dollars so why not put the risk on the shareholders? Just my thought here and also to touch base on your comment.
That $100 million was used for research and development and clinical trials. That's how much they cost ...it's a lot. Also, the market cap is 3 times what it was in 2008 at the initial IPO. Of course the price per share is lower. There a crap ton more shares. The market cap is what matters. To the individual share holder the PPS is what matters.
No I think it is down 99.95% from its IPO. I would have to dig but I think it was either $6.00 a share or $6.50 so way down from its IPO! The Company should not have gone to the NASDAQ. here is a good article written in 2008
Don't apologize the situation is tentative. But a tentative is also the norm for biotechs during and since the credit crunch. If Howard had IPO'd in 2007 Jan he would have raised $200. If he had IPO'd in 2013 he would have raised $300m
It is interesting to note that Dr. Murphy purchased several million dollars at $0.43 a share to stem the bleeding on the way down. now that it is commitment.
3 Month chart is more interesting than an older chart. A good comparison would be to match up against a 1year IMO.
BHRT is NOT trading as it was 5months ago nor 5 years ago. The 3 month chart shows a more accurate resonance of market reality as bullish. The money flow index is the new organic side of the retail input buyers that has never in the history of trading pattern ever witnessed such a persistent pattern of the equity. This leads me to the assumption that dilution has halted and or reduced so sharply that the retail investor is actually in charge. THE MF turned positive just after the start of the newyear. which is not really surprising in that most microcaps do so, but what is so interesting is that the gain has been steadily rising and now it is the highest I have seen it since a Promo in late July 2011...Depending if a person is bull or a bear a bull would lean towards the stock being oversold based upon the RSI, a bear would be uncertain. I am bull so I think it is over sold by about a $0.0085 right now. The last run let lose a lot of those that felt like bag holders. The stock will need to churn a great deal in order to get above a dime. This can only come about in combination and on its own, either news even coupled with proof on 10K of revenue/ regardless IMO BHRT will continue to be a nickel to a mid-teen stock until it is able to secure $15m plus ...If it does then it could go to $0.80-90 based upon similar companies such as NVLX after achieving even cash burn to revenue and securing a $10m lender...
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