BioRestorative Therapies Inc (BRTX)

[trader59]

Not relevant?

The O/S went up a billion shares, 33% allowed to sell into the float every 30 days. The first 30 days with the PPS over a penny, they sold quite a bit. In the 2nd 30 days, with the PPS roughly in the range its in now, the selling slowed down a bit. Remember these were creditors who stood to lose their entire loans to the company and were given stock at a penny a share in its place. The next 30 day period begins in just over a week.

Plus, somebody recently added more shares to the O/S, either a conversion or warrant execution. Neither of those are going away, especially not the warrants with strike prices of $0.0005 and $0.0010. Even the higher priced ones are a 7 bagger from here.

There'll be more pumps and PR's from the company simply to get some bid volume to dump on.