In the last three trading sessions the stock of Bioheart, Inc. (OTC:BHRT) traded with the support of both news and paid promotions. As a results, its share price rose up from the bottom, but it looks like that could be all for now. 
Yesterday’s session closed with a 3.68% decline in the share price at $0.067 for a share, while the trading volume increased to reach 1.39 million shares. The share price fell down shortly before the end of the session, thus it could be that the latest events have no more strong effects on BHRT.
On Monday this week, BHRT had tanked to a new 52-week bottom at $0.05. The very next day, the stock got a number of new promotional e-mails and got pushed up from that bottom. According to our database, the compensation was $20,000 and the latest e-mail came in yesterday afternoon. It is up to see if it would still impact BHRT trading today.
There has been news as well yesterday. In a pres release, the company announced to have signed an agreement with an investor according to which it could raise up to $3 million in equity financing through selling registered common shares to that investor. The period for which the agreement would hold is given as 24 months. No 8-K has appeared yet to confirm the deal, and to provide the important details concerning the share price and, respectively, the number of shares that can be issued.
Maybe that was the reason why there was almost no reaction to that announcement yesterday, and BHRT closed even with a decline. Another reason could be the fact that BHRT market value of $4.8 million looks high enough for the company’s negative stockholders’ equity of over $12 million.
