Broke Out Inc (BRKO)

[236T568]

and then there is the possibility of Thestreetsweeper having no choice if forced buyins occurred at the higher prices on the borrowed shares

It would be interesting to know if TheStreetSweeper folks were guided by the courage of their convictions, sitting on their white knuckled hands while this thing went to $14+ (the first article was published in the $3+ range so that seems their likely short sale price)....
....OR whether they took their bet off the table at a substantial loss, which some might think would have been the prudent thing to do.

The fundamentals of their story are compelling but I'm not so sure that I'd want to take that ride. It fell apart yesterday but they would still be in a loss position. Given the history of suspensions like this their short position is likely to pan out eventually, but......

[loanranger]

It would be interesting to know if TheStreetSweeper folks were guided by the courage of their convictions, sitting on their white knuckled hands while this thing went to $14+ (the first article was published in the $3+ range so that seems their likely short sale price)....
....OR whether they took their bet off the table at a substantial loss, which some might think would have been the prudent thing to do.

The fundamentals of their story are compelling but I'm not so sure that I'd want to take that ride. It fell apart yesterday but they would still be in a loss position. Given the history of suspensions like this their short position is likely to pan out eventually, but......

[236T568]

Oops, BRKO drops 88% to $1.59 today

[Investo Biz]

Guesses on open?

[BitCapitals]

What are sentiments for today?

[Big_Money_Upward]

REOPEN: Target Price & Technical Analysis **READ**

BRKO hit an iceberg! This image shows the mapped out plan for the 1-year target price:

[Phoenixxx]

It's needs to execute a fantastic growth strategy.

[minten]

You didn't see a "huge" short squeeze. You saw stock manipulation at its best, with penny stock traders jumping in.

[Peckfito]

Surely, I'm going to watch BRKO closely over the next week.

[janice shell]

It will begin trading again on Friday.

[PRmaniac]

BRKO may have already run out of money

They only had $3K in cash, at last report, and said their cash burn rate is $10K per month.

This is what BRKO mentioned:

Based on our current burn rate, we will run out of funds in the first quarter of 2016 without additional capital and assuming revenues based on past performance from Megapps during that period. If we fail to raise sufficient funds, investors may lose their entire cash investment.

[PRmaniac]

Nope. If they actually resume trading, it will be on the grey market.

No MM's will be there to facilitate trades or carry any inventory of shares.

The last report showed 90 shares short, so there will be no need to cover.

Trades will have to be matched, and there will be no bid or ask published.

[RustingPenny]

do they have a date reopening the trading on it?

[Investo Biz]

Addiecaps I can't PM you but email me [e-mail]. Let's talk.

[Addiecaps]

That makes no sense. I saw a huge short squeeze prior to the stock getting suspended. That to me indicates a big outstanding short position.

Why should the smart money be stupid, and let the shorts cover at a low price?

When BRKO reopens on the grey sheets, it won’t be retail that’s buying, it will be the shorts covering. I don't even think there will be enough shares for them to cover fully.

If anybody has shares of BRKO that they want to sell for $2.50 or less, I'm in, drop me a PM.

My guess is that once the shorts realize there simply aren't enough shares to cover, the share price is going to go right back up to $10.

[BitCapitals]

I think they need a great marketing plan!

[PRmaniac]

The selling may be heavy to start as smart money dumps at any price they can get.

Later the liquidity will be gone and trading will dry up. Most won't be able to sell, especially since on the grey market there are no MM's participating and trades will have to be matched to get completed.

[Peckfito]

Sounds right, let's all wait for a momentum here.

[davidaames]

Thank you.

[janice shell]

Yes. April first.

[davidaames]

Is there an opening date set?

[Investo Biz]

Sell 21,825 shares @ $2.3 limit on 4/01

[Billdance]

Opens at .60

[Investo Biz]

What's the chance you make any money when it trades again?

What will it open at?

Is placing a stop-sell limit of $12 Stop to $4 limit dum?

[Peckfito]

I'm counting some reliability.

[solldotcom]

at .0001

[Lambo917]

Thank you Janice

[janice shell]

Yes.

[Lambo917]

When is brko gonna be trading again ? Is it next Friday ?

[janice shell]

No.

[Peckfito]

Will this ramp back soon?

[Little Trader ATWOOD]

TIME FOR BRKO TO EAT SHIT!!!! Falling Knife

[janice shell]

You can see them here. It hasn't been trading much lately:

http://ih.advfn.com/stock-market/USOTC/riviera-tool-co-RIVT/historical

[davidsson10]

https://www.hotstocked.com/article/93141/the-sec-puts-an-end-to-broke-out-inc.html

[Andrew23]

Good to know. I don't think I can see grey sheets on my broker.

[Old Tymer]

No, I didn't miss the point at all. That's what this statement means: "Crooks and con men today are running the same kind share selling scam; they're just not being so greedy about it. These knuckleheads deserved to get caught. It's always nice to see scum like this get nailed."

In other words, the above is what really caused all this, NOT the evil MM's or shorties.

That's why in my very next post I posted this:
""(and for some mysterious reason on this bulletin board everything wrong in this world is always shorty's fault, either MM or retail)"

Boy ain't that the truth! It's always those evil market makers and shorties! Arrrrrrg! It's never just a bunch of completely out of control greedy people (on both sides) who got carried away and got nailed. Nope. It was dem evil MM's (naked shorting all those shares) and the shorties!"

If one has been around long enough, you get to know who always gets the blame for stuff like this. Or the reason 'their' stock price just won't move up, even with great news released! Of course it doesn't move up - it must be all the manipulation by those evil MM's. lol. It never dawns on them that their company is a piece of crap and the stock price deserves to be where it's at.

[janice shell]

I remember RIVT was up over 10,000% when people thought they got bought out by Tesla. It is still suspended today.

No, RIVT is no longer halted. It was never suspended; it got a FINRA U3 halt, which was lifted in December. It's now Grey. It traded a little at first, as people closed out positions, but now it seems to be done.

[pennyman13]

minten, very judgmental post. Why would you care how I decide to buy my penny stocks? To me penny stocks have no technicals to analyze. Almost all of their PRs are bogus and 99% of them have no revenue. So people who buy penny stock on hype are wrong? Look, I tried it your way and got swallowed by quite a few sharks. I pissed and moaned about who was to blame but it came back to me... the one who pushed the buy button. For you to say I am now doing it wrong... Well who are you to tell me that? Greed will break a person. I have decided to live off the crumbs of billionaires and I am doing quite fine thank you. I used to msg til my fingers turned blue that a dump was coming but most don't listen and who am I to tell people when to get out of a stock? I am not much of a Government Regulation kind of guy, more of a buyer beware kinda guy. I will live with what is given me. Someone said today that the Governments halt today was intended to hurt the little guy. Well that's why I don't like or trust the Government. GLTA & NEVER NEVER FALL IN LUCK WITH A STOCK.

[236T568]

huh?

you seemed to have missed the point of my post

what part of the guy blaming the evil market makers for the alleged naked shorting of BRKO that allegedly was what caused the SEC suspension directly, do you not understand?

Actually he makes a good point, but could have phrased it better maybe. Another poster, janice shell, was correct in her statement when she basically said their greed got the better of them. The crooks took the mufflers off and roared their way down the street, attracting attention from everyone. The roar must have sounded like a thousand Harley's driving by. It didn't take the SEC long to know what was going on. Not in this case. This was in your face, SEC! LOL.

The poster is correct that if they had played their cards right, like so many scams in the past and the ones being run now, they probably would have gotten away with it. Crooks and con men today are running the same kind share selling scam; they're just not being so greedy about it. These knuckleheads deserved to get caught. It's always nice to see scum like this get nailed.

But in reality, that poster was correct; had they taken their time and worked the market and the promos, etc., they could have made some nice money without raising so many flags.

[Old Tymer]

"(and for some mysterious reason on this bulletin board everything wrong in this world is always shorty's fault, either MM or retail)"

Boy ain't that the truth! It's always those evil market makers and shorties! Arrrrrrg! It's never just a bunch of completely out of control greedy people (on both sides) who got carried away and got nailed. Nope. It was dem evil MM's (naked shorting all those shares) and the shorties!

[Old Tymer]

Actually he makes a good point, but could have phrased it better maybe. Another poster, janice shell, was correct in her statement when she basically said their greed got the better of them. The crooks took the mufflers off and roared their way down the street, attracting attention from everyone. The roar must have sounded like a thousand Harley's driving by. It didn't take the SEC long to know what was going on. Not in this case. This was in your face, SEC! LOL.

The poster is correct that if they had played their cards right, like so many scams in the past and the ones being run now, they probably would have gotten away with it. Crooks and con men today are running the same kind share selling scam; they're just not being so greedy about it. These knuckleheads deserved to get caught. It's always nice to see scum like this get nailed.

But in reality, that poster was correct; had they taken their time and worked the market and the promos, etc., they could have made some nice money without raising so many flags.

[236T568]

So, let me see if I can understand this

BRKO is a criminal enterprise, worth about less than a penny per share, that was pumped in a fraudulent pump'n'dump scheme

The SEC suspended the stock

You claim that the SEC suspended trading in this criminal enterprise because of the market makers taking major short positions

and you say that this is a bad thing? - for a criminal enterprise like BRKO to be suspended by the SEC so quickly

geesh

gives us a break

Adding to my last post, I am willing to bet every dollar in my trading account that if this stock didn't squeeze, and say pulled in to $1.50 and the market makers all were up on their shorts, this stock would be trading perfectly fine today right now. Instead the market makers got squeezed and here we sit suspended. Makes you wonder...

.

[minten]

lots of assumptions, no evidence. you don't know if this was massively shorted by MM's, you're just assuming. Unless you can back up your assumptions up with facts (for example Failure to Deliver's as the previous poster just mentioned), you're just blowing air. Nothing suggests the spike wasn't simply caused by stock manipulators ping-pong-ing up the share price, combined with too many daytraders with too much greed all thinking they're the world's best trader alive, based on a belief that fundamentals and research somehow don't matter. well they do.

That same money could have traded company like CPXX which also doubled a nr of times on a cancerdrug with good trial data (where were the "evil naked shorting MM's" there?), you know a real company, with a real product that doesn't get halted on a Thursday Morning. instead, people got caught trading something that was junk, and most of them knew it to be junk. They're enabling a crime with their own greed. And that's fine, greed is not bad, but if you trade junk, don't complain when you get trashed and don't point the finger at someone else.

(and for some mysterious reason on this bulletin board everything wrong in this world is always shorty's fault, either MM or retail)

[PRmaniac]

Did anyone see any evidence of significant fail-to-delivers (FTD's) in the bi-monthly short reports? If not, then there is no naked shorting problem at all. In fact, there is almost no shorting shown in the bi-monthly short report.

The daily short reports cannot be relied upon to determine shorting or naked shorting activity. FINRA indicates that the bi-monthly report is what should be used.

Shorting investors are actually are a good thing. They can provide liquidity, including during times when there is little other interest in a security.

[truetrader]

Adding to my last post, I am willing to bet every dollar in my trading account that if this stock didn't squeeze, and say pulled in to $1.50 and the market makers all were up on their shorts, this stock would be trading perfectly fine today right now. Instead the market makers got squeezed and here we sit suspended. Makes you wonder....

[truetrader]

It's always the promoters fault. What about all the market makers that, without any regard whatsoever, naked short basically every stock on the OTC. If so many market makers didn't naked short this short squeeze never would've happened. They placed a bet that the promotional campaign would fail and they were wrong. Now instead of paying for it and taking a loss like any of us would if we got caught in a short squeeze, the sec saves the day for them.

Now I'm not saying what these promoters do is right or okay by any means. It's market manipulation. But at the same time the aggressive naked short selling on the OTC by market makers is just as much a form of manipulation. It's easy for them to go short Bc they know there's never any institutional buying on the OTC. It's all retail and eventually retail will flip out. Retail is always scared and sells when a stock takes a dip rather than averaging down like an institution would. This is where I feel the naked shorting manipulates the OTC for stocks to come in just as promoters manipulate the OTC for stocks to go up. But there's never any recourse for the market makers. And when they get caught short they scream fraud and manipulation and actually will call the sec. And now just like that all the market makers who were most likely down hundreds of thousands of dollars are saved while traders like us are stuck.

Just like we decide to hit the buy button and assume a risk, market makers decide to hit the sell button and assume a risk. They should be held accountable just the same. Just my two cents.

Some regulation on the naked shorting that goes on in the OTC would make for a much healthier trading environment for the little guy.

[minten]

it's actually not. it opened on the Grey Sheets a few months ago at about 5 cents. shorts covered, longs sold, now it's officially still listed but basically dead.

[Andrew23]

I remember RIVT was up over 10,000% when people thought they got bought out by Tesla. It is still suspended today. That was almost a year ago.

[TheFinalCD]

They still sent emails even after the Suspension...lol


From: FinestPennyStocks <[e-mail]>
Sent: Thu, Mar 17, 2016 11:37 am
Subject: Is BRKO going to finally break the $20 per share barrier?

You are receiving this email because you signed up to receive email updates from FinestPennyStocks. If you do not want to receive these emails anymore, please unsubscribe.

Is BRKO going to finally break the $20 per share barrier?
BRKO has managed to end in the green every single day since I began covering the company almost two weeks ago.
Then, after gaining 150% on Tuesday the stock continued running and closed up 76% yesterday.
If you haven't purchased shares of BRKO yet I am not sure what you're waiting for. The stock has been an amazing winner and continues to be one.
If it gains another 76% today the stock will close at well over 20 dollars.
While the short squeeze has been very nice for BRKO it only started 2 days ago and could last days more which is why I wouldn't be surprised in the least if BRKO hit $40-50 some time next week.
Before soaring to 13 dollars yesterday the stock traded as low as 7 dollars. If you see a similar opportunity today to pick up shares at a discount relative to the closing price, you should absolutely consider it.
Otherwise you still always have the option of buying BRKO at any price under 20 dollars.
Happy trading,
Your editor,
Keith Richie
Editor
FinestPennyStocks.com

[stock1ace1]

Good call janice we all see it coming!