BioRestorative Therapies Inc (BRTX)

[PooPooPanther]

Quick summary of the call from memory - both Lance and Auctus were very interested and believe in products which is the reason they approached the bankruptcy they way they did instead of liquidating - the judge was really impressed. There will be future announcements of other uses of brown adipose. The $45M in the filing is the estimated cost to fund Phase 3, which their public accounting firm made them estimate. Their goal is to uplist and expect once the Phase 2 trial results show what they know it will show that $45M will be easy to raise. Currently exploring many options for funding the Phase 2 but wouldn’t comment further. LA doesn’t follow daily trades like we do but said warrants are being converted and sold. Said R/S is not something on the radar at this time but isn’t something they would rule out as uplisting would be huge – hopes to get there naturally and couldn’t even speculate what a R/S would look like if it did happen. Tons of time dedicated to the potential of brown adipsose products & BRTX100. Manufacturing facility ready to go within 1Q. Not rushing to Phase 2 but they have a lot of the groundwork laid including agreements with vendors making it easier to begin quickly once funding is secured.

Honestly both Lance and Francisco presented very well and seemed very genuine.