Regen BioPharma Inc (RGBP)

[Mysterium]

$RGBP That is a very possible scenario, and one of the best ways of tightening up a previously diluted share structure while rebuilding and fortifying investor confidence. I watched the same thing play out in TP@C, an aerospace sub penny I'm also long on. The SS was diluted for quite sometime, and when the last convertible note was paid in full, funds were then reallocated to facilitate a share retirement, which, like you mentioned, took place in the form of commons being converted into preferred that were then disposed of entirely by having their certs voided out so as not to present any possibility for being dropped back into the float.

If Harry Lander can get funding for the pipeline as a whole, as someone here had mentioned(Schuller, I believe?), then this could get tightened up in hurry. Funding, even if not for the whole pipeline, could be secured conditional and dependent upon ODD approval for Hema, which statistically has a 50-70% approval rate, according to the FDA's pdf on ODD approvals. An approval plus funding plus a share reduction program would send this thing out of the penny stock range and would therefore be taken that much more seriously, especially as a start-up, for moving up another rung on the ladder. Each tier has buyers waiting. Some buy subs but not .000's, some .01's but not subs, and on and on into the +$1 and up range.

Now, as for the preferred shares that are about to hit: are those the same shares that we received as a dividend for holding $BMSN in Spring 2014? Approval and a higher valuation over here would sure be nice for those of us holding and buying the bottom over there as well.