BioRestorative Therapies Inc (BRTX)

[WhiteSahara]

One more reason that this settlement will go forth. As shown in POST #12583, each Class 3 member, (this includes Desmeris and Auctus), who is owed monies by the Debtor in Possession under the Plan of Reorganization will get:

a) Common Stock for their allowed claims, or
b) if they provide at least 75% of their claim in financing, they get a secured convertible note.

Those are extremely fair terms for companies that would receive less than .08 per dollar of monies owed them if they turn down the Reorg Plan.

The Plan of Reorganization will go through unless the entity is entirely brainless, IMO. See what they receive if they turn down the Reorg, below.

Statement of Reorganization

Page 7:

Unless there is acceptance of the Plan by all members of an impaired Class, the Bankruptcy Court must also determine that Class members will receive under the Plan property of a value, as of the Effective Date, that is not less than the amount that such Class members would receive or retain if the Debtors were liquidated under Chapter 7 of the Bankruptcy Code on the Effective Date.[/i]