"Hear the case?" The date of Sep 3 came and went, the last chance for anyone and everyone to add, subtract, object to any facets of the latest plan of reorganization. No one brought anything new to the table. Now the judge has a whole week to read, digest, understand and rule on the plan. You're CRAZY if you think the Sep 10 court date is to listen to all sides present their ideas. No, it's for the judge to present his ruling, which he has arrived at by the work he and his clerks have put in digesting the plan during the previous week.
And here are his options. 1) Accept or 2) Reject the plan, along with presenting his thinking regarding his ruling.
This is why the price will certainly SURGE this next week. If the judge rejects the plan, then Chapter 7 ensues and creditors are left with pennies on the dollar and all shareholders are wiped out. If the judge accepts the plan, creditors are left with the opportunity to recoup on their loans, perhaps even make something extra, and all shareholders remain whole.
WHICH DO YOU THINK HE WILL CHOOSE? Hmmmmm?
Personally, I think that WITHIN THE WEEK after BRTXQ is discharged from bankruptcy with commons intact, we will be getting an announcement of a rich partner (Pfizer?) coming on board to fund, funnel and manage Phases II AND III of what is sure to become a multi-billion $$$$ pipeline of revenue in the coming years.
And I'm willing to put my $$$ where my mouth is and take that risk! lol!
PS. How much would you pay for a lottery ticket worth $10M if there were only 2 tickets sold, and one was guaranteed to win? Now how much would you pay for 9 tickets if there were only 10 sold? How much if there were only 50 tickets sold? How much would you be willing to pay for 49 of them?
