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Wednesday, February 15, 2023 3:17:48 PM
On May 16, 2022 Regen Biopharma, Inc. (the “Company”) issued 100,000,000 common shares (“Shares”) to Coventry Enterprises LLC in satisfaction of $334,800 of convertible indebtedness. The principal balance remaining on the $1,500,000 promissory note issued to Coventry Enterprises LLC is $648,001 as of May 16,2022.
You would think Lilly who has worked with him has seen what he has should say Dave you need 1.5 to settle a debt , 5 million for studies how about we do a future split on ( XYZ ) patent profits for ( x ) amount for 10 million dollars. If he has the goods I would think any BP would drawup a deal like that.
The A/S is what he needs. If the SP could only hold .004 preannoucement for past year, what is their going to be to support a 1 to 2 dollar SP post R/S. He has already stated he needs 5 million to enter studies which he doesnt have, so that means products are years out to be on the market. So what will hold that dollar SP in the meanwhile nothing it will be right back at .002 within 4/6 months max and your account will be missing all thoses shares you once had at the same price.Anyone here in the OTC can not say that is what happens almost everytime. As far as uplisting , no time soon he doesnt meet requirements, doesnt have the funds for the applications ect.. if he did he would have atleast filed to OTCQB when it was a .02 SP a better tier than pink.He doesnt even meet the requirement for OTCQB due to the SP. Remember RGBP was on OTCQB in 2016.
Above figures were roughly used to show what is and will happen. Feel free to send this to him I did. IMO GLTA
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