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Really? 1.6B shares @ .015 - $24M market cap. Our competitor has a market cap of $1.5B or thereabouts. That's 60X where we're at! (Granted we're not as far along in the drug trial, but give us 6 months and we'll overtake them)!
NONE OF THIS IS DILUTION!! CANNOT be dilution, since it's in bankruptcy protection!
Yup, you got it!
Don't let anyone talk you out of it. My accounts say I'm up $170K on this ticker. I'll take more terrible decisions like this one! Let's see what she does over the next 3 trading days. Should be EPIC!
Your thinking is right on!
How do you "temporarily make money?" lol!
Never ever buy garbage, that's my motto. Now THIS, on the other hand, is a BK company coming OUT of bankruptcy with its common shares INTACT, new patents under its belt, having obtained the administrative guidance of the Auctus Fund, additional investment money, and just rarin' to begin their FDA approved PHASE II drug trial, which shows EXCELLENT promise in the reproduction/rejuvenation of the spinal disc. That's my understanding. Yours is probably different.
Yup, I do. And so does AUCTUS FUND!
Potayto, Potahto! lol!
My understanding re: the diss of this stock is that many questioned whether the Phase III trial would ever come about. This news release does away with that fear. They have the trial planned out, submitted to the FDA for (what should be easy) approval, and have a contract/agreement with a company which specializes in drug trials. As far as I'm concerned, this wraps RVVTF up in a nice package, tied with a bow! lol! PS. You think a COVID treatment drug that comes with a PHASE III FDA approved ready-to-start trial will have difficulty obtaining the necessary funding?
Problem is, the ballot has to be mailed in, "in the self-addressed envelope provided." LOLOL This sent by e-mail! lol! No address is given... that I could see.
.0068 THE LOWEST POSSIBLE! That's in the PERFECT fibbonaci retrace!
People sold for profit... lol! ... what's new? Up over 100% one day, down 20% the next... THE SKY IS FALLING, THE SKY IS FALLING! Like going up to .007, then down to .002, then up to .0144, then down to.... SELL IF YOU CAN'T LIVE WITH THE STRESS! lol!
I bought Friday first thing on the Friday PR, and I'm not an insider.
A man who ALWAYS predicts "the stock price will fall", will eventually be right! I guarantee it! Meanwhile, some of us are making a sh*t ton of cash! lol!
Some steaks? I might end up owing him the restaurant! LOLOL!
What's their OUTSTANDING SHARE count?
Dead cat? More like a live tiger! lol!
You're right... as long as you totally ignore all the events and court filings of the last month! LOL! You seem to be the KING OF OLD NEWS! lol!
You say it is the EXACT SAME TECH as before they declared BK. I say they have a number of new patents since then, and this is how you answer? By not answering? SO IT NOT THE SAME TECH AS WHEN THEY DECLARED BANKRUPTCY!
So "it is the same tech (as prior to the technology) that would receive the funding," yet they have new patents since March?
Do you even know what an accumulated deficit is? It NEVER needs to be paid back, and is only a record of what investors... from inception... have either gained or lost in total! Has NOTHING to do with how much a trader can make NOW!
YA, the buying here is dry all right, like a fine merlot! LOL!
What do you think paid for the factory and distribution agreements? THAT is what investment is all about. Those who stand the most to gain?... those who buy now that it's all coming into fruition! LOLOL!
One of my favorite chart patterns... cup and handle. The handle is forming now!
No facts have changed. If there is a delay, it will be slight. The lien will be dealt with one way (dismissed) or the other (paid off). In the scheme of things, a pimple in the process of restoration of BRTXQ to BRTX major player in BIOTECH! All common shares intact, Phase II trials beginning immediately upon discharge of BK. People running scared does not change one of these facts.
Makes sense. I can wait. Shouldn't take too long.
So I took a look at Chapter 11 bankruptcy and liens and lienholders: First of all, it seems to be fairly common that a lien or liens ARE DISCHARGED in bankruptcy proceedings.
The court cited to a Fifth Circuit decision, In re Ahern Enterprises, 507 F.3d 817, 822 (5th Cir.2007), which explained that 1141(c) discharge requires the following:
1.the plan must be confirmed;
2.the property that is subject to the lien must be dealt with by the plan;
3.the lien holder must participate in the reorganization; and
4.the plan must not preserve the lien.”
Now, concerning BRTXQ:
1. From what I understand, the plan will be confirmed early September.
2. The IP is "dealt with" in the plan since ALL PROPERTY is dealt with in the plan. (Dealt With”: This term was not defined by the Fifth Circuit but the court adopted the Second Circuit standard, explaining that absent specific references, a general reference to “all property” categorically includes the disputed property... ie: in this case, the intellectual property of BRTXQ)
3. Concerning participation:
Second Circuit: Filing a proof of claim is participation. In re N. New Eng. Tel. Operations LLC, 795 F.3d 343 (2d Cir. 2015).Fourth Circuit: Creditor participated when it filed a proof of claim, served on a committee, discussed its claim with committee counsel. Universal Suppliers v. Reg'l Bldg. Sys., Inc. (In re Reg'l Bldg. Sys., Inc.), 254 F.3d 528 (4th Cir.2001).Fifth Circuit: Affirmative participation versus nonfeasance. Creditor must do something versus fail to act. In re S. White Transp., Inc., 725 F.3d 494, 497 (5th Cir. 2013).
In BRTXQ case, The lienholder (Desmaris) will "participate" by his need to respond to the lawsuit seeking dismissal of the lien.
4.The plan will NOT preserve the lien, else there is no plan!
It would be very easy for the court to decide that the debtholders consequent to Desmaris were lienholders BY STATUTE, who though not signing a specific agreement, nonetheless secured a claim on par with Desmaris to all property (including the IP) of the DEBTOR. Think construction, where ANY company who supplies labor and/or materials to a jobsite have lien rights to that property. This is by statute. The Desmaris "lien" is NON-statutory; that is, it was EXTRA STATUTORY; whereas, by statute, ALL debt-holders have a legal claim on the possessions of the debtor.
In other words, just because Desmaris signed an agreement placing a lien on the IP of BRTXQ, that "lien" does not supersede the statutory "lien" rights of all other debtors.
If the plan is okayed, the lien will be discharged (kaput)!
IMO
You need to read the most recent plan! lol!
Nice summation. I would think it would be rather difficult to justify foreclosing on that lien, since Desmaris will get fully compensated by this new reorganization plan (as would all other debtors),
Check your math. lol!
Wrong... already funded (or promised to fund, same thing).
Yes, we are all aware that in order to satisfy the debtholders, the bk reorg plan involves the issuance of additional shares. HOWEVER, this means that BRTXQ will emerge from BK WITH NO DEBT! They will begin their PHASE II trials immediately, which are already funded, along with their next year of operation.
Emerging, with commons intact!
Shows their busy doing business! lol!
I'm actually not sure I'm against it. Stops people from gambling with their rent money! lol!
Just for everyone's general knowledge and understanding... I've asked the IRS to remove a penalty probably about 3 times. Each time they did so, saving me thousands of $$$$. And so with TDAmeritrade, concerning getting the pattern day trader flag. Ask to be an exception. It can't hurt (they don't make it WORSE for asking), and it often makes it MUCH BETTER! (PS. it often helps to know what they're looking for in order to feel better about making that exception... LOL).
Desmeris' objection to Auctus' being able to present the plan was overruled, to the best of my knowledge. Desmeris, therefore, no longer has any standing to be ABLE to contest the new plan, unless he comes up with a better one! By the way, what does "looks like" mean?
I've been flagged as a pattern day trader... twice (about 3 years apart). Since I often bank my gains, I know it becomes possible for my account to drop below the $25K mark, and so I DO NOT want that flag. I've had it removed both times, simply by calling in and asking for it to be removed. I pleaded ignorance both times. Both times they made me "promise" that I was not REALLY a day trader, and told me they could only do this once. Try it!
"Medicin" is French for doctor.