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Sunday, September 06, 2020 1:45:49 PM
When I mentioned such about BRTXQ getting back to the NASDAQ, I did so because it was something that I did not make up. It is listed within their Amended Joint Reorganization Plan and their Amended Disclosure Statement with respect to their Amended Joint Reorganization Plan with Auctus within the Court Dockets as indicated below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158025717
http://www.biorestorative.com/proposed-plan-and-disclosure-statements/
Penny stocks going to the NASDAQ is out of the norm as I am well aware of that, but for them to mention such within their Amended Joint Reorganization Plan and Amended Disclosure Statement, it’s not beyond the realm of possibilities. Considering that they had been on the NASDAQ before leads me to think that they must know exactly what they must do to get back on the NASDAQ. It’s not something foreign to them so I would have to give them a better than 50/50 chance of achieving this goal they've created for themselves since it was them who stated such as something they intend on doing.
Before anyone asks, yes, I have seen some penny stocks graduate from being a penny stock to trading on the NASDAQ. Let's ”compare and contrast” two quick examples that I was able find in my notes to review; CKEC (CMKC) and SPEA (CKXE)...
With CKEC (CMKC) - Penny Stock Graduating to NASDAQ
** Carmike Cinemas Inc. (CKEC) comes to my mind which made me go find some of my old research.
** CMKC, formerly CKECQ for those who remember, had come out of its reorganization from bankruptcy in Jan 2002 at .19 per share.
** CMKC went from .19 per share to $1.02 per share from its reorganization from bankruptcy.
** Then CMKC then soon went to $3.46 per share.
** Soon afterwards, CMKC went from $3.46 per share to opening at $17.75 per share on Feb 4, 2002 on the previously known OTCBB from trading on the pink sheets.
** Later it opened up under its new (old) ticker of CKEC on the NASDAQ on May 23, 2002 at $30.00+ per share. The bid never dropped on that day below $29.28 and the stock closed at $30.12 per share for that day.
** Later the stock drifted downwards to later stabilize at the $16.00+ per share for months.
** Then later, it was announced on Dec 21, 2016 that AMC Theatres (AMC Entertainment Holdings, Inc.) which trades on the NYSE under the ticker of AMC and is the largest Exhibitor in the U.S., Europe, and the World, had bought them out for $1.1 Billion:
https://www.businesswire.com/news/home/20161221005418/en/AMC-Entertainment-Holdings-Completes-Acquisition-Carmike-Cinemas
With SPEA (CKXE) - Penny Stock Graduating to NASDAQ
SPEA started out at .007 per share although I’m not sure it was really noticed as many shares were not able to get purchased at that price as it went to .10 per share in one day on or about Dec 15, 2004.
** Then on Dec 16, 2004, SPEA released pre-market news of having entered into a definitive agreement to acquire a majority interest in some assets of Elvis Presley. SPEA opened up on that day at .37 per share to hit $7.50 per share and closed at $6.41 per share.
** Then on the next day, SPEA traded as high as $11.20 per share and closed at $9.10 per share.
** Later SPEA went on to trade as high as $23.40 per share.
** Then on Mar 1, 2005, SPEA changed its symbol to CKXE to be listed on NASDAQ.
** Then on Mar 17, 2005, SPEA/CKXE acquired "American Idol" TV show.
** Then on May 9, 2005, CKXE traded as high as $30.65 per share.
** Then on Jul 13, 2005, CKXE was added to the Russell 1000(R) Index.
** Then on Aug 5, 2005, CKXE had an AP Article write-up about the company.
** Then on Apr 11, 2006, CKXE acquired an 80% interest in the name, image, likeness and all other rights of publicity of Muhammad Ali.
** I'm not sure what happened to it later as I stopped following it as the years had gone by, but as you can see, it had a very nice journey.
I shared these thoughts to simply show proof that it is not beyond the realm of possibilities for BRTXQ to achieve the goals that they have set out to achieve. I think that since they stated such within their court dockets to report to the judge, I'm inclined to believe what they have stated with a greater than 50/50 chance of achieving such. I believe they would not report this to the judge and not truly have intentions of doing so. I believe BRTXQ and Auctus.
v/r
Sterling
Exit Strategy & Etiquette Thoughts for a Stock
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I never give investing advice; only my beliefs for risks in a stock.
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