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If it’s not approved and this moves way up, people will be upset who had to exit because of the free fall. Could create some chasers though.
I got out earlier. It will move up now.
Number 5 in the notice is pretty much saying “or none of the above.”
NOTICE IS HEREBY GIVEN that a Special Meeting of Stockholders of BioRestorative Therapies, Inc., a Delaware corporation (the “Company”), will be held on January 8, 2020 at 90 Merrick Avenue, 9th Floor, East Meadow, New York, at 9:30 a.m., local time, for the following purposes:
1. To amend the Company’s Certificate of Incorporation to increase the number of authorized shares of common stock from 300,000,000 to 2,000,000,000.
2. To approve an amendment to the Company’s 2010 Equity Participation Plan (the “Plan”) to increase the number of shares of common stock authorized to be issued pursuant to the Plan from 20,000,000 to 100,000,000.
3. To approve amendments to the Certificate of Incorporation of the Company, and authorize the Board of Directors of the Company to select and file one such amendment, to effect a reverse stock split of the Company’s common stock at a ratio of not less than 1-for-2 and not more than 1-for-1500, with the Board of Directors of the Company having the discretion as to whether or not the reverse stock split is to be effected, and with the exact ratio of any reverse stock split to be set at a whole number within the above range as determined by the Company’s Board of Directors in its discretion (the “Reverse Stock Split Proposal”), which Revenue Stock Split Proposal revises the reverse stock split ratio approved by the Company’s stockholders on November 13, 2019.
4. To authorize the Board of Directors of the Company, in the event the Reverse Stock Split Proposal is approved, in its discretion, to reduce the number of shares of common stock authorized to be issued by the Company in proportion to the percentage decrease in the number of outstanding shares of common stock resulting from the reverse split (or a lesser decrease in authorized shares of common stock as determined by the Company’s Board of Directors in its discretion).
5. To authorize the adjournment of the meeting to permit further solicitation of proxies, if necessary or appropriate, if sufficient votes are not represented at the meeting to approve any or all of the foregoing proposals.
No other business may be conducted at the meeting except as required by law.
Only stockholders of record at the close of business on December 13, 2019 are entitled to notice of and to vote at the meeting or at any adjournment thereof.
Yup and the share structure is already small so there really is no reason to RS at all. Some people just yelled out RS and that’s all it took to drop. They didn’t yell out the other possible things being voted on that have a better chance of going through.
NOTICE IS HEREBY GIVEN that a Special Meeting of Stockholders of BioRestorative Therapies, Inc., a Delaware corporation (the “Company”), will be held on January 8, 2020 at 90 Merrick Avenue, 9th Floor, East Meadow, New York, at 9:30 a.m., local time, for the following purposes:
1. To amend the Company’s Certificate of Incorporation to increase the number of authorized shares of common stock from 300,000,000 to 2,000,000,000.
2. To approve an amendment to the Company’s 2010 Equity Participation Plan (the “Plan”) to increase the number of shares of common stock authorized to be issued pursuant to the Plan from 20,000,000 to 100,000,000.
3. To approve amendments to the Certificate of Incorporation of the Company, and authorize the Board of Directors of the Company to select and file one such amendment, to effect a reverse stock split of the Company’s common stock at a ratio of not less than 1-for-2 and not more than 1-for-1500, with the Board of Directors of the Company having the discretion as to whether or not the reverse stock split is to be effected, and with the exact ratio of any reverse stock split to be set at a whole number within the above range as determined by the Company’s Board of Directors in its discretion (the “Reverse Stock Split Proposal”), which Revenue Stock Split Proposal revises the reverse stock split ratio approved by the Company’s stockholders on November 13, 2019.
4. To authorize the Board of Directors of the Company, in the event the Reverse Stock Split Proposal is approved, in its discretion, to reduce the number of shares of common stock authorized to be issued by the Company in proportion to the percentage decrease in the number of outstanding shares of common stock resulting from the reverse split (or a lesser decrease in authorized shares of common stock as determined by the Company’s Board of Directors in its discretion).
5. To authorize the adjournment of the meeting to permit further solicitation of proxies, if necessary or appropriate, if sufficient votes are not represented at the meeting to approve any or all of the foregoing proposals.
No other business may be conducted at the meeting except as required by law.
Only stockholders of record at the close of business on December 13, 2019 are entitled to notice of and to vote at the meeting or at any adjournment thereof.
This was a dump based on a possible RS that hasn’t been voted on yet. Some flipping opportunities until then. If RS is voted down January 8th this will skyrocket.
Not if they cancel. If they disagree and vote NO on it. :)
Still one more day of possibly wild trading before then.
The meeting is January 8th. That’s on Wednesday.
They don’t need an R/S. 40 million OS and 300 million AS at this share price is nothing. This can skyrocket just as fast as it fell.
Dump and shake followed by Buy and chase. This will open up with people chasing.
From a pop at the open to overkill with the oversold.
Could see .1’s by eod
Level 2 shifting. Ready to bounce back over .02
Another free fall. Watch out below if this cracks below .40
Back to green once this overdump is over
Bounce back above .02 coming
Bounce time
Could go down to .05 before it bounces. It’s struggling to stay at .08 with lots of dumps.
Looks like it’s gonna crack much lower
Updates coming soon.
Load up for January updates. I have a few million shares just in case there is a nice pop. The 1’s got taken out within a few minutes during this last small move to .0003 from no bid.
Okay I give up for now. I’m out. No bounce
Selling into the bid just to have it grow again. People are giving away their shares to the people that want cheap ones.
People gave away 10’s and now it’s going to go back up.
Bid growing on 9’s this is about to go back up.
.003 close today after the update!
It will have a nice run soon!
Ask thin
Don’t know, but the bid looks like it’s almost back and 2’s are almost ready to show up again on the ask. I’d guess over 2 billion in volume over the last few days since the 8k’s came out.
1’s falling off the ask. They were over 100 million a while ago and now just over 60 million.
Looks like the 1’s are getting smaller and the 2’s might be coming back.
Wonder what they are working on with the website. Guess we’ll find out what it is soon.
People that sold at .0003 are trying to get back in at .0002. Don’t let them get back in. They just want to one tick flip it again.
On most read, most posted and breakout board
150 million traded in the first minute!
Premarket buys!
Supernova possible!
People are going to swarm this in the morning to try to get cheap shares. Could gap up. I want more 2’s, but with lots of people showing up it might be hard to get.
This went from no bid to .0002 in just a few minutes. This can go from .0002 to .001 or even .002 within a short period.