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You should use your jokes more sparingly. lol. Yesterday it was "goin' to .0001." Today it's "not over .03." That's quite the swing!
This MAY be a gap that never fills! lol! My brother's got his buy order in @ .03!
Any R/S which takes you to NASDAQ will pay off in spades!
Our stock WILL remain intact, the company's disarrayment is being arrayed by AUCTUS, its current CEO will be replaced by a better CEO, no R/S or dilution for AT LEAST 30 days beyond release from BK, and thank God the company couldn't acquire the funding they needed or we wouldn't be here at the start of this rocket ship.
Yeah baby! My first purchase was at .0013. My last purchase was at .011! lol! Got a LOT of shares!
"Shall receive ONE OF THE FOLLOWING: i)... OR OR OR OR... ii)...."
You keep on ONLY LISTING i) !! lol!
THE FILING CONTRADICTS YOU AND MAKES MY CASE!
By your logic, every single stock ever traded is a "pump and dump," as their prices go down sometimes. All of us who are positive regarding BRTXQ are positive NOW! We're saying that the price WILL INCREASE DRAMATICALLY in the next few days and weeks, and has the POTENTIAL to INCREASE DRAMATICALLY beyond that time!
You're telling us that because BRTXQ price will eventually decline from its highs, no one should even think of buying it now! LOLOLOL! This is the logic of someone who is afraid to trade.
I'm sure you'll get a more thorough response from stervc, but here's a couple of my thoughts.
BRTX was a company on the decline. Mounting debt, and anyone signing on would simply be added to the list of debtors. When BRTXQ becomes BRTX once again, they will have zero debt, will be administratively funded for the next year, thus ensuring that any new debt goes directly to PHASE II testing. A MUCH MORE ATTRACTIVE INVESTMENT, don't you think?
The tired, old, "The way it WAS is the way it SHALL ALWAYS BE" logic! Let's not take into account any of the things that will be TOTALLY DIFFERENT post bk! These are only SOME:
1) Under competent financial management (AUCTUS)
2) No debt (zero, nada, ikke noe) AMOUNT OF DEBT? $000.00
3) Intellectual property has developed, gained patents since... THEREFORE, WORTH MORE!
4) Relatively unknown before... MUCH KNOWN NOW!
5) Lessons learned, business plan developed. I myself declared business and personal bk once. Mistakes I made and learned from have served me to this day, over 20 years later, saving me from mistakes that would have cost be tens of thousands of $$$$$. Mistakes I made and learned from helped me set a course for success and protected me from temptations to stray into paths of profitlessness. This post-bk company WILL NOT BE THE SAME COMPANY, financially or practically, as the one that went in!
And so these facts are conveniently left out of the "logic" you present, as if the company which emerges from bankruptcy with common shares intact will be exactly the same company as went in. IT WILL NOT BE!
Except 100 shares/dollar is the STARTING point, and subject to change... PER THE PLAN!
You need to read more than just that one paragraph! lol!
Everybody sees it... go do some dd to figure out why this ticker's price just keep rising! lol!
No, the plan DOESN'T need to be amended in order to accommodate fewer shares/dollar, since that possibility is covered in the plan! That 100 shares/dollar is the STARTING point, but not necessarily the ending point.
BIG DIFFERENCE ON THIS SIDE OF BANKRUPTCY.... A U C T U S' INVOLVEMENT. Before, they were lenders, now they're managers! BIG DIFFERENCE!
So a company about to disappear completely in Chapter 7 banktuptcy has now been given new life simply "to prop it up so AUCTUS can get their money out of it." And we shouldn't benefit from this action because????.... lolol!
So I take it you're for Chapter 7 Banktuptcy? And why would that be? lolol!
"It is completely absurd" is your very strong opinion, not a "fact" in any sense of the imagination. Do you recall how APPLE was at one time "on the brink" of bankruptcy, being bailed out by its competitor only so that MS couldn't be declared a monopoly? Its shares could be had for a song compared to today, and I'm sure there were naysayers saying, "Why would you invest in this? Because they have not succeeded in the past, that means they CAN NOT succeed in the future!" lol!
The company's IP has had further developments, so it is not the same. Also, now there is a well-funded company coming in to "manage" the company and help it further develop its IP even more... including ensuring its FDA-approved PHASE II trial is funded. You short change these very important aspects of the company's development.
The fact that it could NOT raise the $$$ it needed in the past is a GOOD THING. If it HAD been able to, we wouldn't be here now, sitting on a gold mine.
All old, out-of-date "DD." lol! Each point being made is short an important, redeeming aspect. For example: "then they just (might) end up wih a bankrupt company again." Okay, let's say I'm a creditor. What are my options (ie: what do I hope the judge rules?). I can take .08 on the dollar NOW... OR, I can take those shares (the # of which will be lessened if the pps is higher) and very likely get most if not all of my loan $$$ back. AT THE WORST, I get .08 on the dollar a year from now. LET'S SEE, WHAT SHALL I CHOOSE! lolol!
And that's answering just one of the points you make.
In any case, whenever you speak of the creditors... THEY HAVE ALREADY AGREED TO THE NEW PLAN!! So please stop "arguing their case".
Glad to be of soivice! lol!
By the way, that is why the price surged on Friday... because Thursday came and went with no changes to the New Plan of Reorganization. Because this plan is all but a given that it will be passed AS IS. To be sure, the ONLY options before the judge are ACCEPT or REJECT. Since everyone and their mother is for ACCEPT, how could he justify rejecting it?
"Hear the case?" The date of Sep 3 came and went, the last chance for anyone and everyone to add, subtract, object to any facets of the latest plan of reorganization. No one brought anything new to the table. Now the judge has a whole week to read, digest, understand and rule on the plan. You're CRAZY if you think the Sep 10 court date is to listen to all sides present their ideas. No, it's for the judge to present his ruling, which he has arrived at by the work he and his clerks have put in digesting the plan during the previous week.
And here are his options. 1) Accept or 2) Reject the plan, along with presenting his thinking regarding his ruling.
This is why the price will certainly SURGE this next week. If the judge rejects the plan, then Chapter 7 ensues and creditors are left with pennies on the dollar and all shareholders are wiped out. If the judge accepts the plan, creditors are left with the opportunity to recoup on their loans, perhaps even make something extra, and all shareholders remain whole.
WHICH DO YOU THINK HE WILL CHOOSE? Hmmmmm?
Personally, I think that WITHIN THE WEEK after BRTXQ is discharged from bankruptcy with commons intact, we will be getting an announcement of a rich partner (Pfizer?) coming on board to fund, funnel and manage Phases II AND III of what is sure to become a multi-billion $$$$ pipeline of revenue in the coming years.
And I'm willing to put my $$$ where my mouth is and take that risk! lol!
PS. How much would you pay for a lottery ticket worth $10M if there were only 2 tickets sold, and one was guaranteed to win? Now how much would you pay for 9 tickets if there were only 10 sold? How much if there were only 50 tickets sold? How much would you be willing to pay for 49 of them?
Pretty hard to "loose it all" when filings say the bk will be discharged WITH COMMON SHARES INTACT!
Desmaris' objection has already been overruled once. His refiling the same objection is pro-forma, as will be its being overruled.
This is EXACTLY what it felt like when the price hovered at a low of .002 a couple of weeks ago, before it took off on its epic journey upward! Only now the base price is 6X higher!
That's nice. lol! The Sep 2 court adjournment stated Sep 10 still a go, and that was 1-2 weeks AFTER countersuit by AUCTUS first filed. Countersuit is extraneous to BK proceedings
Court DECISION.
Actual O/S of BRTXQ is 1.6B (A/S is 2B), so a MC of 2B would put BRTXQ's sp at about $1.25!
EXACTLY! Filings, filings filings. This is a BK ticker being brought back to life with common stock intact with FDA-approved PHASE II drug trial ready to go immediately upon exit from bankruptcy. If someone doesn't THINK this is a good play, then they are free not to play. But when all they offer is OPINION, you just have to keep that in mind! And since they're obviously not putting up, they ought to... well, you know :)
"Really high" is relative, isn't it? Also, it's the market cap that counts. To achieve a similar market cap would put the price of BRTXQ north of .10. That's a ways to go from here!
That's just it... Classes 3 & 4 have NOT voted to reject the plan, which is why we're all here!
Nicely put.
They are ensuring that the trials get funded. What, you think they're funding the corporate structure only? They'd be fools.
AND free of debt!
Yup. I owned stock in a company that had a "Q" drop from its ticker. Made over $20,000 that day it was announced. Don't tell me it doesn't happen! SARAQ to SARA. Go look it up, and stop spouting nonsense!
Great Post!
Sure they can buy back in... anytime! lol! If they buy back within 30 days after selling for a loss, the cost basis for the second buy remains the same as for the first. This only matters for tax purposes, so people can't sell on Dec 31, take the loss for tax purposes, then buy back for a similar price Jan 2. Just another way the government screws us!
It means he didn't like the fact that HIS plan, which was MUCH LESS BENEFICIAL to BRTX, has been relegated to the trash heap. His objection will be overruled.
Stairsteppin' our way to the stars! lol!