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BioRestorative Therapies Inc. (BRTX)

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Last Post: 5/14/2021 9:13:08 AM - Followers: 544 - Board type: Free - Posts Today: 4

 
 


 
Welcome to the BRTX Dilution Machine !
No Funding for Phase 2
Bankruptcy reorganization plan effective November 16th.  It includes the following:
BEWARE !!   A/S was increased from 2B shares to 300 BILLION shares 
The unsecured creditors were offered 100 shares per dollar for their debt.  Over 1B shares have been reserved and will be awarded "promptly."  Leak out restriction of 33% over 30 days applies.
Auctus has a new convertible note for their DIP and operational financing ($3.5M).  It is unknown whether they received another convertible note for their pre-bankruptcy loan of $3.3M


Here's the kicker:
Those convertible notes also have warrants attached with strike prices of $0.0005 and $0.0010

Desmarais received 68M shares and a $700k convertible note for his secured credit
There were other, smaller value, convertible notes awarded as well.


It's summarized in this 8K:
https://www.otcmarkets.com/filing/html?id=14483841&guid=TZfeUpnke4stwyh

Market cap and O/S from page 1 of the company’s 10-k’s

FY2011:  $9,563,385  647,991,911 shares
FY2012:  $12,126,123  820,641,011 shares
FY2013:  $8,451,297  21,833,014 shares
FY2014:  $5,692,745  37,149,052 shares
FY2015:  $12,835,315  3,925,818 shares
FY2016:  $9,795,332  5,276,027 shares
FY2017: $11,382,598  6,483,253 shares
FY2018:  $9,435,076  14,676,794 shares
FY2019:  no 10-K published.  From the proxy statement issued 12-23-2019, O/S was 43,991,022.  With a PPS of $0.019, market cap was $835,829.
Just prior to bankruptcy, with an O/S of 1,639,203,270 and a recorded PPS of $0.0004, market cap was $655,681
Today’s market cap during bankruptcy proceedings:  $42,455,364
Today’s market cap while still in bankruptcy is over 3X’s the highest market cap ever reported in their 10-K's for years in which the company had continuing funding.

 
Stock issuances for debt conversions prior to the bankruptcy:
Between December 9, 2019 and December 18, 2019, 13,091,685 for $136,651
Between December 19, 2019 and December 23, 2019 15,746,926 shares for $100,993
Between December 26, 2019 and January 7, 2020, 56,225,589 shares for $158,192
Between January 8, 2020 and January 10, 2020, 37,553,208 shares for $112,271
Between January 9, 2020 and January 15, 2020, 71,247,641 for  $186,914
Between January 17, 2020 and January 24, 2020, 139,505,847 for $198,833
Between January 27, 2020 and January 31, 2020, 201,436,602 shares for $205,166
Between February 3, 2020 and February 7, 2020, 390,199,220 shares for $390,199
On February 10, 2020, 86,284,252 shares for $86,284
Between February 11, 2020 and February 20, 2020, 327,123,339 for  $327,123
Between February 20, 2020 and February 25, 2020, 366,721,142 shares for $366,721
Between February 27, 2020 and February 28, 2020, 98,952,799 for $98,953


Reverse Splits:
July 7, 2015 1 for 20
April 15, 2013 1 for 50

 
Bankruptcy Facts from the Amended Disclosure Statement:
Company asset value:  $933,652
Secured Debt:  $1,355,863 (note – a separate lawsuit has been filed to remove liens valued at approximately $1M, which would be moved to the unsecured credit line.  Pre-trial conference on this lawsuit is scheduled for September 21, 2020)
Unsecured Debt:  $13,797,835


Image

 


A OF JULY 2020, BRTXQ 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


Biorestative Therapies OTC Markets: 
https://www.otcmarkets.com/stock/BRTXQ/profile
 
Authorized Shares
2,000,000,000
07/22/2020
Outstanding Shares
1,639,203,270
07/22/2020

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!!!


 
 
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BRTX News: Securities Registration: Employee Benefit Plan (s-8) 04/30/2021 04:52:40 PM
BRTX News: Annual Report (10-k) 04/30/2021 06:02:14 AM
BRTX News: Quarterly Report (10-q) 04/12/2021 09:52:33 AM
BRTX News: Amended Current Report Filing (8-k/a) 04/05/2021 04:47:35 PM
BRTX News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 04/01/2021 05:08:20 PM
PostSubject
#61119  Sticky Note BioRestorative Therapies Expanding its Cell Therapy Manufacturing Facility artmaniac 05/10/21 07:11:37 AM
#54220  Sticky Note The O/S has gone up by over a trader59 12/03/20 11:14:17 PM
#38728  Sticky Note Completely false. The unsecured creditors can begin trader59 10/24/20 07:20:12 PM
#61177   Let's see who's closest to the actual landing DiviningRod 05/14/21 09:13:08 AM
#61176   Guys, #1) the price will not decline to DiviningRod 05/14/21 08:09:00 AM
#61175   Financials(10Q), are due out on Saturday, a non gregcod 05/14/21 04:04:33 AM
#61174   Nasdaq was only used to scam people. Hugie 05/14/21 03:51:08 AM
#61173   Wow, felt bad selling at 01-011 area. Surprised doingfine 05/13/21 06:30:52 PM
#61172   BRTX will be all good once we get BlackSnake1 05/13/21 05:03:57 PM
#61170   Wow! Next week is going to be the BlackSnake1 05/13/21 04:01:16 PM
#61169   Yeah, I will wait for a while to BlackSnake1 05/13/21 03:28:30 PM
#61168   I dont have level II where I am; DocBNM 05/13/21 03:21:33 PM
#61167   absolutely nobody stepping in to buy at this DocBNM 05/13/21 03:07:04 PM
#61166   I am surprised this scam is still trading. stockstobuy 05/13/21 02:35:25 PM
#61162   GM Art and $BRTX folk. Hopefully we claw mnpacman 05/13/21 11:42:36 AM
#61161   GOOD MORNING $BRTX artmaniac 05/13/21 11:03:49 AM
#61160   BRTX price will appreciate, although the timing of DiviningRod 05/13/21 12:23:31 AM
#61159   Awesome, I hope we keep these prices for BlackSnake1 05/12/21 04:27:01 PM
#61158   lmfao ,you can see the dilution everyday and Stocks4Cash 05/12/21 03:03:59 PM
#61157   One shouldn't follow the "rats" as they abandon DiviningRod 05/12/21 01:21:00 PM
#61156   Yep. I hope nobody is surprised by this DocBNM 05/12/21 12:59:46 PM
#61154   Crash and burn. So much for creditors not Jaggie99 05/12/21 12:29:02 PM
#61153   Wheres the dilution?.. Those 300 billion AS are gregcod 05/12/21 10:07:38 AM
#61152   Been hearing soon for 8+ months now..LMFAO Stocks4Cash 05/12/21 09:40:32 AM
#61151   Well They will be multi pennies soon! LA gregcod 05/12/21 07:43:39 AM
#61150   Lol how are those pennies, nickels, dimes, quarters Jaggie99 05/11/21 09:18:31 PM
#61149   If you can call it that. Close to DocBNM 05/11/21 04:32:12 PM
#61148   What ? POS is still trading? wamuqsi 05/11/21 04:30:42 PM
#61147   What I thought. They need to announce it DocBNM 05/11/21 01:49:36 PM
#61146   "Auctus is required to loan to the Company, PooPooPanther 05/11/21 01:38:19 PM
#61145   I though getting current triggered some funding, at DocBNM 05/11/21 12:53:41 PM
#61144   nice 3.7 million bid by NITE on level artmaniac 05/11/21 12:17:04 PM
#61143   Capitulation Tuesday ??? DocBNM 05/11/21 09:55:16 AM
#61142   I agree that it makes no sense to DiviningRod 05/10/21 03:40:16 PM
#61141   We may able to get lower price per BlackSnake1 05/10/21 03:22:48 PM
#61140   i agree, ty :) mnpacman 05/10/21 02:27:32 PM
#61139   The reasons for the selloff are many. For Pro-Advisor 05/10/21 01:59:28 PM
#61138   A better question is why would BRTX leave Pro-Advisor 05/10/21 01:47:39 PM
#61137   An earlier version of the BRTX Disk Program, Pro-Advisor 05/10/21 01:43:45 PM
#61136   So, PA, to answer the question as to mnpacman 05/10/21 01:11:36 PM
#61135   Thanks Pro. As usual you talk me off NotTheTree 05/10/21 12:54:50 PM
#61134   Thank you Pro _/l\_ Stockgamer2020 05/10/21 12:33:55 PM
#61133   Yea sure, I can help you understand that... Pro-Advisor 05/10/21 12:06:51 PM
#61132   Why are you talking in riddles? LOL declaes 05/10/21 11:46:11 AM
#61131   Can ANYONE explain how it makes any sense NotTheTree 05/10/21 11:34:09 AM
#61130   005, 002, trips than reverse split. IMO BeepBeepMF 05/10/21 10:35:09 AM
#61127  Restored Yep... going back to the trips he TRADER59 LOL declaes 05/10/21 10:04:15 AM
#61124   Nice! Gee, I wonder what could be coming next...LOL I ll be back 05/10/21 09:10:40 AM
#61123   Guess it's time for more dilution. trader59 05/10/21 08:19:01 AM
#61122   Indeed... you can be sure they know the declaes 05/10/21 07:59:53 AM
#61121   Now we’re talking! Expanding labs and expecting new ajpepe 05/10/21 07:49:47 AM
#61120   Indeed Art! Hopefully LA will continue to provide mnpacman 05/10/21 07:43:55 AM
#61119   BioRestorative Therapies Expanding its Cell Therapy Manufacturing Facility artmaniac 05/10/21 07:11:37 AM
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