The reason for yesterday’s huge gain of Bioheart, Inc. (OTC:BHRT) seem to be again promotions. The campaign keeps running at full speed, and it definitely has a much stronger effect on the market than the press releases of the company. 
BHRT opened the market yesterday with a large gap up of the share price from the previous close. The stock then finished the session at $0.092 for a share, a 27.78% gain from Tuesday, and a total of 3.13 million traded shares. All facts point that BHRT broke up so unexpectedly on no news from the company, but on some new promotional emails from the old campaign for the stock.
Early in the morning yesterday, long before the market opened, the promoter that opened the campaign on July 21, 2011 recommended again BHRT to his clients. As if anticipating what was to follow, the promoter asks in the e-mail: “Are you ready to watch as BHRT makes the same climb as before, all over again?”. The “climb” in question was probably the one from the first two days of BHRT promotion, when the stock reached a price of $0.26 per share. The paid compensation is again $20,000.
There is no need to say what followed the previous spectacular “climb”. But the value of BHRT has been going down in the last three years, thus it is no surprise that it cannot reverse the trend on a couple of promotional newsletters, not even on the announced at the end of last month license agreement of the company.
Bioheart latest quarter report is for the first three months of the year. According to it, the company was founded in 1999 and operates in the cardiovascular sector of the cell technology industry. Yet, BHRT is still a development-stage company with insignificant revenue up to date and an accumulated deficit of over $107 million since inception. Balance sheet show also no positive data: total reported assets amount around $500,000, $170,000 of which in cash, while the liabilities exceed $12 million.
