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Old News... pre-latest plan of reorganization.
You're the man! You break it down unlike any other!
I believe AUCTUS took a good look at this company and its prospects and realized that with THEIR input, this thing could really succeed. I believe they identified the key reason for its failure... it's poor business practices (NOT its tech), and realized they had the power to turn that around.
The only OTHER "man with a plan" for BRTXQ was going to basically STEAL the tech for pennies. Debtholders would have gotten something like .08 on the dollar. With this new plan, they can recover ALL THEIR MONEY. AUCTUS will make sure this thing becomes a tightly run ship, and trials which seemed out of reach will come boom boom boom. Watch for this ticker to succeed wildly!
Here's what's different. The company was run by its scientists... very poorly. They went for ultra dilutive convertible debentures to fund themselves, which resulted in massive dilution. When they asked for more, the SEC said no, thus the BK Now its biggest debt holder, AUCTUS, has stepped in. Administratively speaking, AUCTUS is 100X more efficient than the scientists.
Why put MORE $$$ into a "sinking ship?" Because of WHY it was sinking (see above). Because this company is coming OUT of bankruptcy, not going into it. Because they've recently been granted valuable patents for their tech, valid all over the world. Have you never heard of the guy who quit mining for gold, giving his little mine away for peanuts, when the new guy struck the richest vein EVER with the third strike of his pick? BRTXQ was CLOSE, but couldn't get over the hump. Now Auctus will help them do that very thing.
Why throw good money after bad? Because it was never bad money in the first place. It just lacked a few vital pieces of the puzzle, and those pieces have arrived!
It's natural to get the jitters.
Don't understand the red flag on Auctus being the largest creditor. We always knew this. We're in their wake, enjoying the ride. Their plan in no way jeopardizes the common shares, of which they are the prime beneficiary.
As far as "new twitter accounts" I've only noticed one single one, and he just posts other people's DD. I've ALSO noticed that some of the most knowledgeable stock researchers in this sphere are all in on this ticker. Their DD is impeccable.
Your info on Phase II is old. It never started, was never funded. The company has been run by people who are scientific brains, but business idiots. Now the Auctus brains are joining with the scientific brains, and now results will roll.
If you don't believe all the good news, sell. It's why the price went from .007 down to .0019, but then people's DD started convincing them that this is for real, and that buyers of this ticker at these prices are destined to gain lots of benefit.
I don't believe the $2, $5 touts, but I do believe the .10, .25 and more. This is a legitimate, cutting edge biotech company which has heretofore been poorly run, now being rescued from the edge of bankruptcy by an invested debtor who has a very workable plan to bring this company's dreams to fruition, saving themselves and all common shareholders in the process.
Your own link says the Q is to let people know it's in bankruptcy. Your own link never says the Q stays on forever. Your own link contradicts you 5X over.
Hmmmm, as a creditor I either get .08 on the $1 of debt I hold, or else I lend again as much and get stock at a specific exchange rate for ALL debt, which at the time of award shall equal the total debt I hold, both old and new, with the chance for those shares to grow in value. Hmmmmmmm. Got a successful, aggressive fund running the show now (not those UNbusinesslike scientists), got ZERO DEBT, got new patents allowed all over the world, got Phase II beginning immediately, going to Phase III shortly. OR, yeah, I'll just take .08 on the dollar and call it quits.
This is the choice of the debtors.
So let's say the number of shares doubles (to 3B). Worst case. AND THE COMPANY HAS $0,000.00 DEBT !!!) So instead of .50, we only go to .25. BooHoo. Or worse case there's a 1 for 10 R/S to go to the NASDAQ, and we begin there with 300M shares (@2.50/share), which price goes to $10 within the month. Again, BooHoo.
Anyone turned off by any of these scenarios? WELL, THESE ARE EXACTLY THE SCENARIOS BEING PRESENTED AS BEING TERRIBLE! and HOW CAN ANYONE EVEN THINK THEY WILL MAKE $$$ IN THIS COMPANY!!
SO....WORST CASE....price now at .024, goes to .25 (10X), then the equivalent of $1.00 (40X). (whether split or not). My question is...How can anyone NOT think of putting all they can into this?
More accurately, "There is no such paragraph in the plan that allows them to change the 100 shares per dollar." THAT YOU HAVE FOUND.!!!
Now read the paragraphs AFTER the ones you quote and have provided. It is there you will find the ability to adjust the # of shares provided per $1, based on an increased share price.
This interpretation and conclusion is not based on the ENTIRE PLAN!
You are again CORRECT. What is stated IN THAT PARAGRAPH says that the creditors will be able to benefit, JUST LIKE OTHER SHAREHOLDERS, from an increase in price share. But what is NOT covered in that one single paragraph you reference is how the number of shares each creditor obtains for their debt may be ADJUSTED prior to their being awarded, should the pps increase prior to final BK release.
INCORRECT, because such a possible change IS COVERED IN THE PLAN!
That's old news, not up-to-date, and irrelevant to today. In fact, what you stated is the reason investors TODAY are going to cash in BIG TIME.
Well done!
You are correct. The plan says 100 shares/dollar of debt, meaning a value of .01 (so the math used by Raekaewt was absolutely correct... any other math is incorrect), BUT allowance is ALSO made IN THE PLAN to adjust the price allowed per share. This is the knowledge being ignored. The plan must be understood AS A WHOLE, rather than just parts. Any logic based on INCOMPLETE knowledge will, of course, be erroneous.
If you read the plan CAREFULLY, you will notice that allowance is made for a pps which is higher at time of release, thus resulting in fewer shares being awarded. Read carefully. We need to trust what the plan SAYS over what our logic to the contrary may try to tell us, since that logic MAY be based on incomplete knowledge and/or understanding.
But they may NOT have to do that, as the price per share can be increased (thus, fewer shares issued) based on a higher price at court date. If the .01 is actually .05 (a distinct possibility), for example, there would only be 1/5 the shares issued, meaning 300M instead of 1.5B, and THAT number is within their authorized. (numbers are rounded).
Thanks SPORTY for your transparency with TLS*S; that's what inspired me to go all in with BRTXQ... I praise your name often and loudly!
The drug trial is like an acorn. It's not worth much all by itself, but when it gets planted and watered and fed, it grows into a mighty oak! So BRTXQ's drug trial. You say if BRTXQ were worth something, their trial would have gotten funded... but it's their trial that MAKES them worth something.
Ratings in this market are determined by charts. If I only looked at the charts, and not the precipitating events to come, I'd have sold today AT THE LATEST. But knowing what I know, I'd be foolish to sell now! THE BEST IS YET TO COME!
So far, so DAMN good! lol!
Shows people bought BIG and sold SMALL!
We already knew this.
There was a buying group involved in this ticker today. That's why the price skyrocketed in the first 15 minutes. That group mostly sold out prior to the day's completion, hence the drop in price. So you could look at the beginning and ending price as indicative of what would have happened WITHOUT that buying group. UP over 30%!!!!
Old news. Start date IMMEDIATELY upon release from BK.
Their tech will literally restore the discs in your back! Let that soak in for a moment!
OhOh, is it about ready to break out of its pennant?!!
It's not nonsense, and I didn't say this would happen to BRTXQ! I was replying to a question from a poster who wondered why a R/S (ANY R/S BY ANYBODY) would be considered negative. Read the thread. A R/S to uplist to a higher exchange is almost ALWAYS considered a huge POSITIVE!
In the Pinks, a R/S is almost always a sign that the dilution machine is running out of shares, and the only recourse for the company,( which is simply using their ticker to print money) is to R/S (without decreasing the A/S) and start all over. The convertible debt holders need to be paid! And so the price per share, which temporarily increases due to the R/S, starts dropping all over again. This is what BRTXQ TRIED to do but was denied, thus BK. In this manner, the shares you buy become virtually worthless. (Ex: Buy 1,000,000 shares @ .001, R/S 1000/1, end up with 1,000 shares @ $1, which continues to dilute, until you have 1,000 shares @ .0001 = $.10)
HOWEVER... when a R/S is done in order to uplist (or even just to attract deeper pockets), good things usually happen. GM*GI is a good, recent example! From the time they announced R/S almost 5 months ago, their stock price began to RISE, and has gone up almost 8X since they did so. If you look at their chart over the last 6 months, you'll see EXACTLY when they announced their upcoming R/S, and when it actually happened, their steadily rising share price was completely unaffected. Where the R/S symbol is inserted into a chart, their is almost always a big drop, (or jump up if in order to get on a major exchange) but theirs simply continued on its path upward with no noticeable jump either way.
A R/S by BRTXQ to bring itself to the NASDAQ, where there are MUCH DEEPER POCKETS, would most assuredly result in an increase in value, probably many times over.
Same with any increase in A/S used to SATISFY ALL DEBT. Usually, an increase in A/S is to satisfy convertible debt holders at an almost criminal discount to the share price, and is VERY diluting to the share price (it drops lots!), but in this case, where a specific, limited number of shares would be used to completely satisfy ALL DEBT, it will not be seen as "diluting" but as redeeming. In the case of BRTXQ, therefore, the price would, again, most likely rise with this very limited increase in A/S. IMO
lol! I feel ya!
They should declare a dividend... THAT will bring the price up IMMEDIATELY!
Strong like bull! No, LIKE TWO BULLS! lol!
The higher the price, the fewer shares need be given out to pay off the debtors!
Another reason this ticker is worth more than before its BK; it was run by the scientists, from what I understand, and scientists usually make TERRIBLE businessmen! AUCTUS will be taking the administrative reins from here, and the company will be 10X better run than before. That and their intellectual property which has made further developments!!!
At .02, the market cap is only $32M (that's M, not B).
Nicely put!!
That's the cut-off date for any objections (or changes) to new plan of reorganization.
ASCM running out of shares!
ASCM trying to rein this beast in! It will only work for so long, and then BOOOOOM!
Say we're at a THIRD of their market cap. That would put us at 20X where we're at now. (.30).