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BioRestorative Therapies Inc. (BRTX)

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Last Post: 11/26/2020 12:40:21 PM - Followers: 656 - Board type: Free - Posts Today: 17

 
 


 
Welcome to the BRTX Dilution Machine

Bankruptcy reorganization plan effective November 16th.  It includes the following:
The A/S was increased from 2B shares to 300B 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: Statement of Changes in Beneficial Ownership (4) 11/24/2020 04:31:58 PM
BRTX News: Statement of Changes in Beneficial Ownership (4) 11/24/2020 04:14:50 PM
BRTX News: Current Report Filing (8-k) 11/20/2020 04:49:23 PM
PostSubject
#52644  Sticky Note That in itself is evidence that they have trader59 11/22/20 12:37:52 PM
#50903  Sticky Note ...........Verifiable DD EXPOSING this BRTXQ SCAM! crowin 11/18/20 02:07:46 PM
#45241  Sticky Note BRTXQ--Thanks to no dilution over the next 45-47 SPORTYNORTY 11/02/20 02:05:13 PM
#38728  Sticky Note Completely false. The unsecured creditors can begin trader59 10/24/20 07:20:12 PM
#16294  Sticky Note Please read this BOARD WARNING before you submit IH Admin [Tisha] 08/29/20 12:20:14 PM
#12247  Sticky Note BRTXQ $1.20 Valuation Even as Worst Case Scenario... stervc 08/19/20 08:25:04 AM
#53278   PFIZER or another big boy will step declaes 11/26/20 12:40:21 PM
#53277   If I recall correctly, I believe Pfizer was jballauer 11/26/20 12:00:28 PM
#53276   Hoping the same! Bring on the big boys..... But HeadHunter 11/26/20 11:50:32 AM
#53275   I’m hoping that Pfizer losing interest was more DocBNM 11/26/20 11:29:35 AM
#53274   Good point. I think this year has been 258456 11/26/20 11:27:46 AM
#53273   Any validity to the Pfizer rumors. I know DiviningRod 11/26/20 11:11:52 AM
#53272   Happy Thanksgiving to the board. Good luck getting this Pnypnchr 11/26/20 10:44:14 AM
#53271   Hoping some good filings hit Friday.ready to get rolling Garfieldwbunker 11/26/20 10:41:07 AM
#53270   Happy Thanksgiving to all Longs and to all TIWARIG 11/26/20 09:52:51 AM
#53269   That’s called a stock buy back plan and DocBNM 11/26/20 09:22:00 AM
#53268   Old news from 11/20 !! ysung 11/26/20 09:20:39 AM
#53267   BioRestorative Therapies Emerges from Chapter 11 Reorganization Other artmaniac 11/26/20 08:58:33 AM
#53266   $BRTXQ Phase 2 Ready --- FDA Cleared IND Golden_Cross 11/26/20 08:33:42 AM
#53265   $BRTX 56% Technical "BUY" Signal Golden_Cross 11/26/20 08:26:04 AM
#53262   No that is not... the diluting hascalready happend declaes 11/26/20 01:47:07 AM
#53261   No reply, got it. Apparently the CEO Jayman5000 11/25/20 11:50:27 PM
#53260   The shares that are being sold are the Jayman5000 11/25/20 11:32:35 PM
#53259   Does this mean that only claims that are Jayman5000 11/25/20 11:27:03 PM
#53258   Agree 100%..and then some... gregcod 11/25/20 11:13:11 PM
#53257   I hope so like to make money here jonsmile 11/25/20 11:11:44 PM
#53256   Bingo D! You see the big picture! We benjimane 11/25/20 10:37:56 PM
#53255   Doesn't matter. Forward looking is ALL that matters. benjimane 11/25/20 10:31:53 PM
#53254   Hell yeah JOEALE! They know that the fda benjimane 11/25/20 10:10:50 PM
#53253   Happy Thanksgiving Wishes For Everyone. Tera Baap 11/25/20 10:01:04 PM
#53252   I think the company is buying any shares JOEALE 11/25/20 09:57:17 PM
#53251   The 10-Q is a comprehensive report of a artmaniac 11/25/20 08:22:54 PM
#53249   Looks like 10 million a day t trades jonsmile 11/25/20 08:21:15 PM
#53248   I have had t-trades as a retail trader ;-) Crazy Money 11/25/20 07:32:07 PM
#53247   Fortunately we now know we can disregard all Jayman5000 11/25/20 07:31:28 PM
#53246   Yes thats the dilution jonsmile 11/25/20 07:26:37 PM
#53245   I see another 10 million more shares of jonsmile 11/25/20 07:25:47 PM
#53244   Thumbs up MC! Patience is much required! benjimane 11/25/20 07:23:19 PM
#53243   Thanks! Make them work for it! LOL! 50 MIL STRONG 11/25/20 06:14:52 PM
#53242   Got your PM. LOL - no problem! magnix2k 11/25/20 06:13:05 PM
#53241   BRTX: WINNING!!! 50 MIL STRONG 11/25/20 06:03:58 PM
#53240   You're probably the only one who thinks I 50 MIL STRONG 11/25/20 06:03:35 PM
#53236   Where does it say "I PROMISE"? 50 MIL STRONG 11/25/20 05:37:20 PM
#53235   "BRTXQ--If one considers 1 million shares at most Jayman5000 11/25/20 05:33:51 PM
#53234   Got a link to the CEO message on Jayman5000 11/25/20 05:31:20 PM
#53233   WRONG AGAIN!!! There was never a promise! 50 MIL STRONG 11/25/20 05:30:50 PM
#53232   Yup. Not exactly the "million shares a Jayman5000 11/25/20 05:27:54 PM
#53231   (BRTX) 0.0159 + 0.0004 (2.58%) Volume: 46,438,936 @11/25/20 50 MIL STRONG 11/25/20 05:25:49 PM
#53230   What is the latest on the afforementioned tax DiviningRod 11/25/20 04:48:36 PM
#53229   what is it now on the t-trade ... DocBNM 11/25/20 04:44:37 PM
#53228   Oh I know that. Just FYI. magnix2k 11/25/20 04:40:56 PM
#53227   10 Q is financials but doesn't mean earnings. DocBNM 11/25/20 04:36:29 PM
#53226   Per CEO message on Twitter, hes going to magnix2k 11/25/20 04:33:19 PM
#53225   they don't sell anything. How can they have DocBNM 11/25/20 04:29:35 PM
#53224   what earnings ??? DocBNM 11/25/20 04:28:52 PM
#53223   that's more like it heyheyhey 11/25/20 04:19:25 PM
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