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Ok my bad. I thought the phase 2 trials were done with and going for phase 3. Not to worry, still thinking next few catalysts will come together and propel us much higher. Thx.
For newbies wondering what the fuss is about. On Sept 10th a decision will be made in court on whether Auctus' terms on financing Brtxq will be accepted moving forward. In all likelihood the terms will be accepted meaning BRTXQ can move on with their work in Stem Cell technology. This may not be a penny stock by then. If terms are accepted BRTXQ will come out of bankruptcy with cash on hand and knowing they have financing backing them up to move on forward. An FDA decision is pending for continuing onto phase 3 trials also coming up any day now. This is as simple as it gets. There has been some great DD done by other members of this forum which is easily accessible. Do some research and decide if BRTXQ is worth the risk. I did and that's why I'm here.
Many selling and hoping to get back in before close. They better put on their running shoes.
Some of us Canadians do not remember what 2 pennies look like as we stopped using pennies a while ago. Lol.
Some tug of war going on right now, but the last hour is going to be nuts!!
What's the news?
Time to fasten seat belts again!!
To the newbies wondering if it's a P&D. Five days ago it was trading in the trip 4's. Today it hit a HOD of .0165 and looks like we're going to pass that very soon. Ask yourselves 1 little question WHY? Why is this stock being bought up at these levels? The answer is only 2 weeks away.
Why would anyone object?
Guys let's spend a minute and think of those who were trying to make us sell our shares lower yesterday. Poor guys. Not! They must be chasing now!
Looks like a good start.
This is fun let me try this. A little turbulence expected at .0113 Once passed that clear skies ahead. Lol.
Everyone please tighten your seatbelts. Lol.!!
What's important here are higher lows, higher highs.
The walls have crumbled!
No use watching this tick by tick knowing in a couple of weeks what the end result will be.
There is definitely accumulation going on between support @.009 and resistance @.0099
Seems like the 99's keep getting padded as though someone does not want this going above a penny.
I would like to think many longs here, though I came here recently, would have millions of shares locked up for now as I do, and the majority of trading is being done by short term traders looking for short term profits.
Wall after wall keeps coming up, but BRTXQ keeps going through them nice and slowly.
I would like to thank the "Wall" for helping me to add 800k to my collection.
Those 2 huge walls earlier did their job. Huge accumulation going on at this 1 cent level.
It's been mentioned a NR can come out anytime. What type of a NR would we be expecting before the court dates?
Don't want to go off topic BRTXQ
Sorry to say, I have also bailed. I sold mine yesterday for a 4k loss, but made it back with BRTX* and more yesterday afternoon. Too complicated and no time waiting this out. Good luck to all and hope it works out.
I plan to stick around.
3's still being bought up??
Maybe, but what keeps my hopes up is the fact the 3's were still being bought up on Friday when an announcement of a 10,000:1 should have dropped us to no bid in no time. Why are people still buying up the 3's?
Let's just hope the company comes out with a PR tomorrow explaining in more detail about this RS. Most of us seem to be in the dark as this RS came out of nowhere on a Friday afternoon and left many of us taking second gulps. We need more transparency from management.
Really hoping we get some sort of communication from the company as soon as tomorrow so the investors get some sort of a clue as to where our investment is heading. I also believe something good can come out of this, but without further info there is no way knowing how this will turn out.
Would you know if there are any preferred shares owned by the BOD members that would not be affected by the RS. If so, then that's a concern. Reason for my concern is I was involved in a RS (10,000:1 RN*A) 2 weeks ago that did not affect the preferred shares of the BOD. Boy, did we get screwed!!
This is taken out from yesterday's filing:
In evaluating the Reverse Stock Split, the Board also took into consideration negative factors associated with reverse stock splits in general. These factors include the negative perception of reverse stock splits held by some investors, analysts and other stock market participants, as well as the fact that the stock price of some companies that have affected reverse stock splits has subsequently declined back to pre-reverse stock split levels. The Board, however, determined that these negative factors were outweighed by the potential benefits.
Is the highlighted sentence regular jargon on a filing or was this added from the LVXI management?
To the 2 previous posters. I will not let go of my shares until we get additional info from the company as to how they plan on moving forward. By the way, if you guys think our shares will become worthless, why were people still buying up the 3's yesterday? Those still holding have choices, I would like to hear more from the company. Might be too late by then, but I would rather hear from them than guys who say have sold and might be regretting that they did.
Was thinking the same thing. It seems there is accumulation going on.
Simple question. With the announcement of a 4000:1 RS, usually there would be blood in the streets and we would have been in the 1's by now. I see huge support in the 2's and the 3's are being chewed up. Why?
When does the date of the change actually happen?
Although the RS is bad, it seems the 3's are being bought up. Not knowing any more details, I would think it's worth waiting on more detailed news. I think the 3's are going to dry up and we might be in the 4's soon.
The '3s are actually being swallowed.
No use selling now without any more details. Already down. We have to wait for more details before we can say we're done. There's some buying coming in. There's hope.