typically like to find em BEFORE they run
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Not sure, but the converting still happening at .001 is the only thing giving this any hope. If that's somehow negotiated in toxic debt agreements, then their assets must be very valuable
And I was just playing with you since you called me king poopa haha.
I haven't checked bad shat but maybe it is the par value and maybe they can't convert below par.. Just my guess haven't checked
I think it's already a miracle that the debt seems to still be converting at .001. if this really stays true through all these conversions I would fully expect a run here
I am with you on that. However with this court action this week I think that risk factor is getting out of control
The higher the daily volume average the more shares they can buy according to their arrangement, today was a good start to bring that average volume number up... Even more than usual higher volume will mean higher pps here because company will be able to buy progressively more as volume average goes up..
Possible after hours news today includes an AS increase, default notices on notes, but NO DILUTION 8K since they were suspended from issuing shares for a couple days and they were in court!! Sad story. Judge denied the order of temporarily suspending note conversions for one toxic debt lender because multiple toxic debt lenders showed up to court. Hey we need our toxic shares too they say. Well unless the company actually does something to bring value this is going to get, surprisingly, even worse. So far BRTX just says hey take the shares, we don't want them.
Company typo in the 8k actually haha. So shares converted yesterday were also done at .001 so whatever note has been converting must really have a floor at .001 ? interesting. I see they can't issue shares at the moment also due to this lawsuit. What a strange, strange mess this company is
Holy crap, pennies for sure in time
Yeah I do better more often than not when I just hold onto loser stocks and try to forget about them and move on. Then sometimes years later, massive move up...
BRTX being a dilution machine won't do that though either it runs soon or no bid and RS
I was off by 10 mill only 390 mill hahahaha
But I am interested that the average conversion was .001 this week when we were in trips all week?? How the hell did that happen I wonder?
Looks like they are getting ready for another after hours dilution 8k this time for 400 million shares
www.droneguarder.net site now live
It seems like about a million dollars has converted recently out of about 5 million but don't know exactly what's eligible to convert when, it's really best to assume it's unlimited but that being a biotech it could burn through any amount of debt with some good news
Yeah with these dumps how low and diluted will they let it get before starting to put out any news, sheesh. The difference with OZSC though is it is more of a startup and basically got into it's supposed business last year and this BRTX has been around in development much longer, making me think it would be more likely to bounce. But currently looks like poop
From the last 10Q in November:
As of September 30, 2019, a portion of convertible notes with an aggregate principal balance of $4,381,076 were convertible into shares of common stock at the election of the holder any time until the balance has been paid in full. As of September 30, 2019, a portion of convertible notes with an aggregate principal balance of $2,955,000, which are not currently convertible, will become convertible into shares of the Company’s common stock at the election of the respective holder subsequent to September 30, 2019. As of September 30, 2019, outstanding related party notes and convertible notes in the aggregate principal amounts of $1,150,000 and $990,000, respectively, provided for a mandatory conversion into common stock of the Company and warrants to purchase common stock of the Company in the same ratio upon the completion of an underwritten public offering by the Company. See Note 9 – Subsequent Events.
Then under subsequent events they signed over another million dollars in toxic notes.
It's basically unlimited. But it's a biotech anything is possible, could still charge to .01+ even with all the debt. But saying not much dilution left is definitely not correct
I think the dilution cat broke one of the BRTX rats legs.. now it's paw is pinning down the rats tail.. lol
Like a cat playing with a wounded rat
It's best to assume it's unlimited toxic debt here and will always be present but the question is when will it be less intense or when will some bomb news drop and burn them all
Probably another 8k tomorrow this time with like 400 million new shares
Who the hell ever called it minimal!?!?
No idea man I passed that one up at it's lows. Watched in disbelief as it ran. ITRK believe it or not I had a sell pre set that filled at .025 when it started to run to like .60 ... That was sad.. Just never know..I think OTC will heat up soon, a lot more volume already the past couple weeks than I'd seen in a while
Looks like it's trending up good but I'm not sure the fins are really super great, still operating at a loss.. some other press about share offerings, they still need cash.. thinking you've got a good trade there but not the golden ticket
Note holders must be hungover from the Superbowl
It is interesting how with such insane dilution that it's holding near .001 despite all of it. But if it doesn't take a breather it'll be low .000s soon. Not a lot of sub penny stocks that can convert over $600k in toxic debt and still hold near .001
I will, haven't looked at it yet. Ever looked at ZHUD? A little mysterious but some of the best financials out there for a .01s stock I figure worth holding some long term just in case
As expected another dilution 8k after hours, 201m this week. On average though it looks like right around .001 on average for this week's conversions which is better than I would've thought. Crazy though!
Nice I've had some CLWD for a while now! TPTW has some mega dilution on the books.. I'd need to dig again to find it. However, could still move, dilution not too bad yet! BRTX is sad.. legit sub penny biotechs are rare. They better not waste it
Looks like another day of seeing if shit can travel uphill
Jeez rapidly getting to .0007 which I thought would be for sure bottom, but no sign of bottom! Shares must be converting at like .0002 now in this toxic debt land
Still buying? Thinking of calling IR again? Hoping you do since you had a good talk before.... Surely they want to do something to help soak up the dilution
Probably gonna see another couple hundred million shares to dump in another 8K soon too
If I didn't have some, I'd buy a lotto at .001.. could bounce anytime, but as for a firm bottom we probably need a week or two holding a level to declare bottom
There is value here, even if heavily diluted. I would think the company starts to put news out here soon to help establish a bottom and some upside
Dale broadrick will probably sue if the stock doesn't turn around!!! Or maybe he has some other deal with them.....
Exactly right lol plus it must be expensive to manufacture these devices and give them away. Hence delivery to NFL teams. Not mentioned as a sale, did they leave it with the security guard at the stadium? Haha. They call the latest here sales but mention no numbers. Probably a dollar or so so they can book it officially as a sale. Hahaha
Not pretty but I bought some 12s as planned, next I would buy .0007s or so but let's hope for bounce by then
There's endless debt, there will be more 8Ks of conversions... Still expecting a good bounce even with toxic debt converting
Haha of course, if you go back to their investor presentation last June they were confident they'd have tens if not hundreds of millions in sales by now....lol
Yeah screw this it's at like .004 pre split. I need 10 bucks to not hate it as much and 20 bucks to be happy with it. I don't see either of these happening. Figures they drop it to .70 first to give it the appearance of a big run...
This diarrhea stain is starting to get slippery
Gotcha, I appreciate your DD here. Hopefully they have a plan, successful biotech trades usually do constant PR and awareness newsletters etc hopefully they start doing that sort of thing