Friday, September 03, 2021 10:12:02 PM
Ideally, he will play the pair when they can get $20M from the sale whilst diluting shares no greater than 50%. I think a dilution greater than this attracts too much unwanted attention, of which they already have plenty.
I calculated that $.012 is the lowest share price that they could squeeze out $20M with a 50% dilution.
R/S of 1000 takes OS to 3.35M shares @ $12/share.
On its back, a share offer of an additional 3.35M shares at $6.00 each.
The R/S & Share offer could certainly be done at a lower share price to capture < $20M.
I would consider throwing a few $s at this after the squeeze and the stock is in oversold territory.
Still nothing on their exclusive rights expiring, which makes the BRTX-100 trial moot.
I really had hopes for this company, esp. Thermostem, but I don't see way they can get the cash necessary to gain any momentum w/o bending over current investors.
IMO
Recent BRTX News
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