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Starbase9

03/29/14 3:56 PM

#6614 RE: Dragon Lady #6613

Yeah, I agree that the "warrants" can run one of many ways, depending on who owns them, and their ultimate strategy regarding BHRT.

I would assume the holders would want to turn a profit in the easiest and fastest way possible, "time to money." If it's an organization like an Asher with "convertibles", then the pump and dump game might be best for them, but as you mentioned, just conjecture at this point.

As for Northstar, as you mentioned, this seems like an entity formed by "interested parties" in BHRT to take on the BoA and Seaside National.

"Northstar, which is owned in part by certain of our existing directors and shareholders, including Dr. William P. Murphy Jr., Dr. Samuel Ahn and Charles Hart)"

As an additional "outside" investor, perhaps an idea would be to take on a private equity position in Northstar which then would extend terms to BHRT and it would, I assume, not necessarily show up in the 10K, except for the terms that would influence the BHRT directly. That way the "investor" could possibly avoid a subordinate position on his/her investment. Again, I certainly don't know what terms of this might look like, but it may be an option or avenue for a larger "trial" related investment. Again, all conjecture...

As for the Asher loans, yeah, those are just loans and at this point the most worrisome, combined with the extreme warning relating to their abilities to continue as a going concern.

My worry on these is that things have to look extremely bleak to take out three micro loans in the span of over a month, and just "last month". I hope that the "well timed" announcement of the Phase I Angel relieved some of that operational stress. Because a company would only take out a "payday loan", if it were down to its last dime, but maybe hopeful of more concrete positive news in the near term. At the end of the day, I try to temper my "hope" for BHRT with sound judgement based on the facts and how I interpret them. Thanks for your feedback on the financials. I find them insightful and useful as a "possible" gauge or guess at what's going on...