$BRTXQ - WHY...HERE's why we head to .10, .25 in the VERY SHORT TERM..NOW the We have a CONFIRMED HEARING and A LOCKED IN VOTE from AUCTUS FUND
Courtesy of a BK Expert Muladamus, among other TOP VERIFIED LEGAL EXPERTS IN THIS FORUm:
WHAT YOU NEED TO KNOW:
1.) 20 March 2020 - Filed for bankruptcy
2.) April 2020 - John Desmarais (one of the best intellectual property lawyers in the U.S.) entered into a stalking horse agreement to buy the company. He would pay $500,000 to acquire the company, along with their assets (including their intellectual property). Once this came to fruition, the stock value hit bottom.
3.) Bankruptcy proceedings continued, the final hearing is in August. It was seeming as though the company would be purchased by Desmarais. THEN LAST MONTH, a large investment firm, AUCTUS Capital, threw a golden wrench into the bankruptcy process.
4.) AUCTUS has supplied money to Biorestorative to continue their business as usual. They have agreed to supply funding as well and hired their own lawyers to cancel the deal with Desmarais.
5.) Together, AUCTUS and BRTXQ have scrubbed their financials, cut the fat out of the budget and plan to begin their phase 2 trials and get BRTXQ back on the NASDAQ immediately after the bankruptcy proceedings. NOW, ON TO THE GOOD STUFF!
6.) BRTXQ's plan states that all equity holders will retain their equity (aka shares of common stock). No reverse splits, no issuing new stock that has to be traded for old stock. This is in part due to the fact that AUCTUS holds nearly $3 million in notes for BRTXQ, issuing new stock would wipe that money out. No one would want to see that happen, so this company has a HUGE investor fighting for it and the shareholders. This is in their plan, which is posted to their website under their Investors tab.
Why am I posting this? Because it has happened before..
American Axle & Manufacturing - 2009 low was .29, 2015 rose to $26
Concur - Low of .11 then rose to $129 for a 41,000% increase
General Growth Properties - Low of .31 to $25 to a 8,100% increase
I don't care if you buy, and this is no attempt to convince people to buy. I just wanted to throw it out there for others to see. These things do happen.
Last year the company was NASDAQ listed (delisted in March 2020 due to bankruptcy declaration) and had a yearly stock price range of .40-.80.
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