BioRestorative Therapies Inc (BRTX)

[PooPooPanther]

Long here. They almost definitely will reverse split. The proxy statement is basically preparing investors for it. If the vote to reincorporate is NO, the "lack of money saved" will be their reasoning for a R/S now anywhere from 20-1 to 4000-1 which I'd guess it would be more along the line of 4000. If the vote to reincorporate is YES then they are now operating under Nevada law which allows them to R/S without shareholder approval. My thoughts are this will give them some time to try and secure funding and maybe, just maybe not R/S. But reading it out it's like the breakup before the breakup - the proxy basically is mentally preparing us for it. Maybe under reincorporation it will be a lesser ratio but it will happen. They state clearly their goal is to get to the Nasdaq and need a $4 price point.

It's going to happen just a matter of when and what ratio. Regardless I'm holding long, I think the product is great and getting a piece at this PPS isn't a huge investment. It's educated gambling and I'll roll.