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BioRestorative Therapies Inc. (BRTX)

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Last Post: 5/21/2022 3:53:30 PM - Followers: 516 - Board type: Free - Posts Today: 0

 
 
Welcome to the BRTX Dilution Machine !

The rocky road to NASDAQ....

BRTX uplisted to NASDAQ after a 4000:1 reverse split to pop the price from the $0.003's up to $13+ per share.  The O/S was reduced in the process to approximately 870k shares.  An underwritten stock offering sold 2.3M "units" consisting of 1 share of common stock and 1 warrant with a strike price of $10, each unit selling for $10.  This netted the company over $20M for corporate purposes and to begin the FDA phase 2 trial approved in 2017.

The day before NASDAQ, the PPS was $13.50.
The first day of NASDAQ, the PPS closed at $7.74
Currently the stock trades in the low $5 range.
The O/S with the offering and post-split numbers would have been 3.1-3.2M shares, but currently sits at 3.5M shares.

Auctus, their primary lender throughout the bankruptcy and uplisting process, was given over 1.6M "units" at offering price in exchange for $8.8M of debt and $7.3M their dirt cheap warrants from the bankrupty were "deemed" to be valued, subject to a lockup period of 4 months and a limitation on becoming a beneficial (5%) owner.  Auctus can begin to sell stock in early March.

This has been a toxic lender ATM through the bankruptcy and now the uplisting.
Just prior to the bankruptcy, the lenders converted debt into 1.6B (pre-split) shares at a high discount.
In the bankruptcy "plan" controlled by Auctus, those lenders were given stock (over 1B pre-split shares) in exchange for their outstanding debt at a PPS of a penny after it had been pumped up to 2-3 cents.  Those unsecured, toxic lenders profited off of loans that would have been wiped away in the originally planned liquidation.
Auctus took convertible notes for their loans prior, through, and after the bankruptcy, with warrants attached with strike prices of $0.0005 and $0.0010 ($2 and $4 respectively split adjusted).  The stock had become illiquid just prior to the uplisting, making it difficult to execute and profit from the warrants.  So they made a deal for the units in the offering.

The company now has cash for general operations and to advance the phase 2 trial of BRTX-100.  They'll require substantial more funding as that trial proceeds and to advance their other objectives.  This is an excerpt from the prospectus issued for the stock offering (Page 13 of https://www.otcmarkets.com/filing/html?id=15337301&guid=Caxwk6_tBebdB3h )

We will need to obtain a significant amount of financing to initiate and complete our clinical trials and implement our business plan.

Since our inception, we have not generated revenues from our operations and have funded our operations through the sale of our equity securities and debt securities. The implementation of our business plan, as discussed in this prospectus under the caption “Business,” will require the receipt of sufficient equity and/or debt financing to purchase necessary equipment, technology and materials, fund our clinical trials and other research and development efforts and otherwise fund our operations. We anticipate that we will require approximately $12,000,000 in financing to complete a Phase 2 clinical trial using BRTX-100. We anticipate that we will require approximately $45,000,000 in further additional funding to complete our clinical trials using BRTX-100 (assuming the receipt of no revenues). We will also require a substantial amount of additional funding to implement our other programs described in this prospectus under the caption “Business,” including our metabolic ThermoStem Program, and fund general operations. The net proceeds of this offering will not be sufficient to satisfy the foregoing needs. No assurance can be given that the anticipated amounts of required funding are correct or that we will be able to accomplish our goals within the timeframes projected. In addition, no assurance can be given that we will be able to obtain any required financing on commercially reasonable terms or otherwise. In the event we do not obtain the financing required for the above purposes, we may have to curtail our development, marketing and promotional activities, which would have a material adverse effect on our business, financial condition and results of operations, and ultimately we could be forced to discontinue our operations and liquidate.



 


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A OF JULY 2020, BRTX AND AUCTUS FUND LLC HAS PARTNERD ON A NEW BANKRUPTCY

REORGANIZATION PLAN IN WHICH SHAREHOLDERS WILL NOT LOSE 100 % OF THEIR SHARES. 

Biorestorative Therapies Website: 
  
http://www.biorestorative.com/
 Biorestorative Therapies & Auctus Fund LLC Joint
Reorganization Disclosure & Plan: 

http://www.biorestorative.com/wp-content/uploads/2020/07/PLAN-OF-REORGANIZATION.pdf
http://www.biorestorative.com/wp-content/uploads/2020/07/DISCLOSURE-STATEMENT-OF-REORGANIZATION.pdf

Biorestorative Therapies September 2019 Isreal & Australia Patents For Metabolic Stem Cell Program:

https://www.otcmarkets.com/stock/BRTXQ/news/BioRestorative-Therapies-Receives-Patent-in-Israel-For-Its-Metabolic-Program?id=249195
https://www.otcmarkets.com/stock/BRTXQ/news/BioRestorative-Therapies-Receives-A-Second-Patent-in-Australia-For-Its-Metabolic-Program?id=244017

 

BRTXQ PAGE 12 & 13 OF THEIR FDA PHASE 2 TRIAL PRESENTATION BELOW PRESENTATION
SHOWS THE LOW COST OF THEIR STEM CELL INJECTION
TREATMENT VERSES THE HIGH COST OF SURGICAL
TREATMENT. PAGE 13 ALSO SHOWS THAT 99 PEOPLE / SUBJECTS WILL BE ALLOWED BY THE FDA TO GET
INJECTIONS WITH THEIR BRTX-100 STEM CELL DRUG!!!


AS has been reduced to 75 mil from 300 bil per the 8-K filed on Nov 22, 2021

OS is currently 5,815,775

BRTX-100 Phase II Study is fully funded. Recruitment process has been intiated.

 
 
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BRTX News: Quarterly Report (10-q) 05/16/2022 02:01:47 AM
BRTX News: BioRestorative Therapies Hosts Principal Investigator Meeting for its BRTX-100® Phase 2 Clinical Trial to Treat Chronic Lumbar Disc Disease 04/29/2022 04:00:00 AM
BRTX News: BioRestorative Therapies Announces Selection of 10 Clinical Sites for its Phase 2 Clinical Trial to Treat Chronic Lumbar Disc Disease 04/18/2022 04:00:00 AM
BRTX News: Statement of Changes in Beneficial Ownership (4) 04/11/2022 06:47:52 AM
BRTX News: Statement of Changes in Beneficial Ownership (4) 04/07/2022 12:16:03 PM
PostSubject
#63069  Sticky Note BioRestorative Therapies, Inc. Releases Year-End Message DDA 12/20/21 06:24:54 AM
#62825  Sticky Note Yeah, sure. The "assumed" offering price is trader59 11/04/21 11:41:38 AM
#63186   Let's go BRTX L/A do your Magic and Powerstreet 05/21/22 03:53:30 PM
#63185   Lance bought more shares. gobucks21 05/06/22 11:32:14 AM
#63184   Does anyone know why the late buying surge Obumer 05/03/22 05:41:31 PM
#63183   There nothing here but stories of greatness that Powerstreet 05/02/22 04:00:13 PM
#63182   Nothing about "fixin' to get ready to prepare trader59 04/29/22 08:45:17 PM
#63181   $BRTX should bounce from here Hole shot King 04/25/22 09:06:47 PM
#63180   Any news going on here with BRTX Well Powerstreet 04/25/22 01:00:23 PM
#63179   Well, again ..., insiders keep on buying. DDA 04/11/22 11:10:05 AM
#63178   Insiders keep on buying ... DDA 04/07/22 04:52:17 PM
#63177   I talked to him after the Horrible 4000-1 gregcod 04/04/22 05:55:32 AM
#63176   A week after he did the RS..He Seemed gregcod 03/18/22 03:14:23 PM
#63175   Can I ask when you talked to them ? DDA 03/18/22 07:16:57 AM
#63174   Yes I Agree with You 100%..I talked to gregcod 03/18/22 07:07:15 AM
#63173   This Company is Crap LA only take of Powerstreet 03/16/22 06:36:25 PM
#63172   Anyone here check this out SONN up 60% today Powerstreet 03/16/22 10:21:41 AM
#63171   Right on ... I've been adding as well DDA 03/11/22 09:21:44 AM
#63170   Just 2 more days for the lockup to trader59 03/07/22 03:54:04 PM
#63169   Hi Declaes....Well I am adding another 500 shares gregcod 03/07/22 03:23:46 PM
#63168   This should ni trade under $9 imo . declaes 03/07/22 02:18:02 PM
#63167   On March 9th, the lockup period on Auctus's trader59 03/01/22 10:45:40 PM
#63166   Profitability is not just about whether it works. iflyboats 02/28/22 04:27:19 PM
#63165   We all would like tomknow whats going on gregcod 02/22/22 06:50:51 AM
#63164   It's probably a friend or family member of Powerstreet 02/18/22 07:45:35 AM
#63163   Well, someone likes the news today. I ll be back 02/16/22 09:47:36 AM
#63162   Yep a 1-for-4,000 R/S it was a slaughter Powerstreet 02/16/22 09:43:33 AM
#63161   Wow didn’t know this uplisted. Sorry haven’t been flyphil 02/16/22 09:19:24 AM
#63160   You hit it right on point We got Powerstreet 02/15/22 08:20:10 PM
#63159   I fell in love with BRTX..Now I have gregcod 02/15/22 05:05:03 PM
#63158   Agreed! I asked LA why was the RS gregcod 02/15/22 04:51:02 PM
#63157   Yep. Fundings are there ... let the game begin. DDA 02/15/22 03:29:28 PM
#63156   And Why would anyone get back in with Rider25 02/15/22 12:21:00 PM
#63155   Agree 100% with your sentiments. The r/s wouldn’t whistle pig 02/15/22 10:29:41 AM
#63154   They burned everyone with that reverse split. It Powerstreet 02/14/22 01:52:09 PM
#63153   I Believe as long as we keep LA gregcod 02/11/22 06:14:45 AM
#63152   I am thinking that this company here needs gregcod 02/11/22 05:37:18 AM
#63150   Trial commencement is now baked in to the iflyboats 02/09/22 02:20:06 PM
#63149   Progress on the trial didn't even move the needle. trader59 02/08/22 12:17:19 PM
#63148   BRTX News: BioRestorative begins site selection for phase north40000 02/07/22 05:58:42 PM
#63145   Nasdaq closing bell pretty sweet! PM617 02/07/22 08:34:22 AM
#63144   Go LA and Francisco!!..Blue Skies ahead..and then $ome!..IMHO....2- gregcod 02/06/22 03:45:50 PM
#63143   Yeah..i believe You like a Chrystal Ball ..But gregcod 02/04/22 11:02:33 AM
#63142   Insider info. $BRTX being reported to SEC for Stock Caller 02/02/22 02:48:22 PM
#63141   Now we know why yesterday's volume ahead of news! I ll be back 02/02/22 09:44:51 AM
#63140   Yes we must hang in there ..Why all gregcod 02/01/22 10:49:19 PM
#63139   hang in there ! DDA 02/01/22 11:43:46 AM
#63138   Thats what we have to do is what gregcod 02/01/22 11:35:44 AM
#63137   Correct, some will need much higher PP to I ll be back 02/01/22 10:56:57 AM
#63136   Yes..BRTX will be a Huge Stock one day..2-5 gregcod 02/01/22 10:53:47 AM
#63135   yes..Money is being traded..flippers??this is high volume..Me and gregcod 02/01/22 10:48:13 AM
#63134   something must be brewing indeed - both volume DDA 02/01/22 10:37:51 AM
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