Replies to post #16515 on BioRestorative Therapies Inc (BRTX)

[fojcol]

I believe AUCTUS took a good look at this company and its prospects and realized that with THEIR input, this thing could really succeed. I believe they identified the key reason for its failure... it's poor business practices (NOT its tech), and realized they had the power to turn that around.

The only OTHER "man with a plan" for BRTXQ was going to basically STEAL the tech for pennies. Debtholders would have gotten something like .08 on the dollar. With this new plan, they can recover ALL THEIR MONEY. AUCTUS will make sure this thing becomes a tightly run ship, and trials which seemed out of reach will come boom boom boom. Watch for this ticker to succeed wildly!

[srm4u]

ARTICLE V
MEANS FOR IMPLEMENTATION OF THE PLAN

5.2 Secured Convertible Plan Notes.
Any entity that is an Accredited Investor, as that term is defined in 17 CFR § 230.501,
and has provided all documents customarily required to demonstrate such status, may, subject to
the approval of Auctus, provide financing to the Reorganized Debtor prior to or after the
Effective Date, in increments of $1,000.00, in exchange for which the entity providing the
financing shall receive a Secured Convertible Plan Note in the amount of such financing;

provided that, in no event shall such financing exceed the Financing Cap absent the express
consent of Auctus. If the financing provided under Section 4.3(c)(ii) and this Section 5.2 of the
Plan exceeds the Financing Cap, then Auctus shall have the right to limit the financing provided
by any single holder of an Allowed General Unsecured Claim to an amount equal to seventy-five
percent (75%) of such Allowed General Unsecured Claim. Auctus shall have the right to choose
which entities may provide financing under this Section 5.2 of the Plan. In consideration of the
Minimum Contribution, Auctus shall receive two or more Secured Convertible Plan Notes in an
amount equal to one-hundred ten percent (110%) of the aggregate of the Minimum Contribution,
the DIP Obligation ad the Plan Costs. The Secured Convertible Plan Note received by Auctus in
exchange for the DIP Obligation in an amount equal to one hundred ten percent (110%) of the
DIP Obligation shall be issued in accordance with section 1145(a)(1) of the Bankruptcy Code.
Auctus shall also receive a Secured Convertible Plan Note for any amount of financing it
provides to the Debtor in excess of the Minimum Contribution.
http://www.biorestorative.com/wp-content/uploads/2020/07/PLAN-OF-REORGANIZATION.pdf