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https://www.sciencedirect.com/science/article/pii/S2468428720301106
***Warning*** Surgical images in the link
Page search Excellagen if you want specific paragraph.
Update: Schwab posted my 100 shares in my acct tonight after market close!
Also I was a shareholder prior to the announcement on Mar 30.
pulled from the quarterly. Just FYI. I HIGHLY doubt there were 100 by the time that news hit on March 30. And based off the responses that I've gotten from my brokerage and the PR from yesterday I fully expect it to only be the shareholders of record to receive 100 shares. Because it IS essentially free money they are handing out.
Total number of shareholders of record: 54 as of date: 1/31/20
I think the purpose of this split and the 100 shares to the shareholders of record on March 30 was because they decided NOT to roll out another company.
HENDERSON, Nevada, March 5, 2020 /PRNewswire/ -- BRK, Inc. (the "Company") (OTC: BRKK) the Company wishes to inform its shareholders that due to the current economic environment, the process described in its November 15, 2019 announcement is taking longer than expected.
Daniel Serruya, CEO of BRK, commented, "on November 15th 2019, management announced the Company's desire in creating a new entity, which would separate current and future legal actions undertaken by the Company from its impending business operations through the forthcoming launch of its next generation technology. The process has taken longer than expected and due to the financing realities associated with these initiatives and the current market conditions; we are forced to consider other arrangements beyond what was originally detailed. Specifics on any new plans, litigation, enforcement and technology initiatives will be forthcoming once the engagements have been confirmed."
Schwab Update: Just got off the phone with my rep. She said that as of right now they are in a holding pattern for allocating shares. Now that the split has occurred and since it is a unique situation they have reached out to BRK, Inc. and are waiting for instructions on how to issue shares. To their knowledge they do not have a Date to go by. But it is up to the BRK, Inc. on how they wish to issue the share split.
From the sound of it we will be waiting until the recent BRKK trade transactions are settled, split amounts per shareholder are established, a reasonable float is created, and ultimately for the investor relations department to give brokerages instructions on how to move forward before any shares will be issued beyond those of the actual 1M:1 Split amount.
Any way you can call back and find out if the company literature states anything about only shareholders of record on March 30 or prior? That's what I can't seem to confirm.
Are you a new shareholder? Post March 30?
With all of the confusion this will likely not be able to be traded for a few days. Schwab said they have limited information on how to proceed and it is a very unique split. They are reaching out to their contacts to get more clarification on how to proceed.
Schwab called back and said they found the FINRA document showing no less than 100 shares. She said unless some other research shows different they will update my acct effective tomorrow morning.
FWIW: I am a long shareholder so I don't know how this will work for those that bought after March 30. She did not mention the March 30 date.
Schwab put 1 share in my acct. Called them this AM and their transfer office doesn't open until 9AM so they'll be checking on it. The rep I spoke with said the note just said 1M:1. I told her to check the FINRA document that states 100. She said they will definitely dig deeper to find out what is going on.
The previous PR announcing the RS said the shareholders of record on the day of the announcement (which would have to have SETTLED(T+2) by thatd ate). Meaning you would have had to of purchased BRKK on I believe March 26 to have it settle and be counted as a shareholder of record on March 30
------
PR Newswire
HENDERSON, Nevada, March 30, 2020
HENDERSON, Nevada, March 30, 2020 /PRNewswire/ -- BRK, Inc. (the "Company") (OTC: BRKK) the Company wishes to inform its shareholders that today, BRK Inc. filed a proposed reverse stock split in the State of Nevada. Important details are as follows:
1: The ratio for the reverse split is 1,000,000:1
2: No individual Shareholder will have less than 100 shares post reverse split. For example, an individual with 200,000 shares would have 100 shares post reverse split despite the ratio of 1,000,000:1 driving an adjusted r/s share amount of 0.2 shares.
3: The calculation for allocation of post reverse split shares is to be effectuated based on Shareholders of record as of March 30, 2020.
SUTIMCo Current with Wyoming as of today.
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=069167253069047076105039056075216227040057012139
I honestly never looked deep into it. It just showed up on the news feeds for the GLCO ticker on my trading platform.
What I am GUESSING happened is Chris went through a ton of trouble getting the custodianship granted, merger set up and the bam 2 days after the merger is filed with NV SOS the old management went into court, paid fees, took the company back before the case closed out which canceled the merger. The final Dismissal note:
03/29/2020 Judgment
Judicial Officer
Atkin, Trevor
Judgment Type
Order of Dismissal With Prejudice
Monetary Judgment
Debtors: Global Links Corp (Respondent)
Creditors: XTC, Inc. (Petitioner), XTC, Inc. (Other)
Judgment: 03/29/2020 Docketed: 03/30/2020
My GUESS is that when they filed Dismissal papers the court ordered Global Link Corp originals to pay XTC for damages of going through all the trouble they've gone through when they had ample opportunity to come forward prior to 3/5/20.
Tras
I sold until I see otherwise. It just odd that after all this happens around 4/1...then PRs start coming out on 4/8/20 about Grant Money being issued to Global Links Corp for mask manufacturing. Like I said...I made a judgement call and will keep an eye open for changes that hopefully prove me wrong.
Tras
Things have look super sketchy lately. I've been holding this for over a year. Looking over the the DD again after recent events here is what I've found and you can draw your own conclusions.
First - I visited the Nevada SOS to see if there were any updates to the merger content. And updates where found...the listed CEO and Officer Staff for Global Links Corp has changed from Chris Lotito to the OLD CEO Frank J. Dobrucki. Visited Franks LinkdIn and he's listed as the CEO from years past to present. Clicking over to the Filing History I see on 4/1/20 that a change in Registered Agent has been filed. I found this very odd. Dig further... https://esos.nv.gov/EntitySearch/BusinessInformation - Entity Number: C39-1952
Second - I click over to the Merger second and check on PHARMA, Inc. The listing has changed from Merger to Administrative Hold....Odd Again... Digging further...
Third - The court case has finally "closed" after many years but it closed with something I totally did not expect. Final Judgement states Dismissed WITH Prejudice. On 3/5/20 a separate attorney representing "Global Links Corp" shows up and pays court fees. 24 Days later the case is Dismissed with Prejudice on 3/29/20. You can find the info at clarkcountycourts.us - Case #A-18-785782-P
I went through 25-30 different custodianship casts from Peter Chasey (Lotito's attorney) and not a single one was Dismissed with Prejudice...they were all listed as either Open, Closed, or Dismissed.
I have emailed Peter Chasey's office for any public info available but do not have high hopes that I'll get a response. As I have said take the info and dig further and make your own judgement. After waiting over a year I made my decision. Maybe someone else can explain something different or find other info out.
GLTA
Tras
NetQuest and Apple filed a 1 week extension on the 30 day motion to stay deadlines that ended yesterday. Hopefully we'll know something more concrete next Friday.
You wont see anything in this quarter. The "settlement" today is a stay of deadlines for 30 days so they can draw up paperwork. And I highly doubt they will put out sort of PR. If they do it'll go completely against their prior PR/8k history (the last 8k they filed was 2017 lol). It'll be Q2 or Q3 before we start to see anything imo...even then it'll only be revenues they actually collect and put in the bank rather than total settlement figures.
I believe your trade would have had to settle today. Meaning you would have had to purchase last Thursday to become a shareholder of record by today.
BRK Announces Reverse Split
PR Newswire
HENDERSON, Nevada, March 30, 2020
HENDERSON, Nevada, March 30, 2020 /PRNewswire/ -- BRK, Inc. (the "Company") (OTC: BRKK) the Company wishes to inform its shareholders that today, BRK Inc. filed a proposed reverse stock split in the State of Nevada. Important details are as follows:
The ratio for the reverse split is 1,000,000:1
No individual Shareholder will have less than 100 shares post reverse split. For example, an individual with 200,000 shares would have 100 shares post reverse split despite the ratio of 1,000,000:1 driving an adjusted r/s share amount of 0.2 shares.
The calculation for allocation of post reverse split shares is to be effectuated based on Shareholders of record as of March 30, 2020.
Daniel Serruya, CEO of BRK, commented, "It is my strong view and that of strategic restructuring advisor, Michael Kovacocy, that this corporate action will provide the most efficient normalization of BRK Inc.'s capital structure, allowing management to aggressively and fairly pursue previously communicated strategic goals. We thank our Shareholders for their support and loyalty during a difficult period of transition and look forward to delivering shareholder value going forward."
BRK Inc. (OTC PINK: BRKK), established in 2008, is owner of the Helmet Camera intellectual property (patents-pending) that make the RefCam possible. With the acquisition of the live broadcast helmet camera patent, BRK is poised to enter sports marketing in a big way. iSee Sports Inc. is a wholly owned subsidiary of BRK, Inc.
The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are intended to be covered by the safe harbor provisions of the federal securities laws. Forward-looking statements often contain words such as "will," "anticipate," "believe," "plan," "estimate," "expect," "intend," "is targeting," "may," "should," ''poised,'' and other similar words or expressions. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those described in any of our other filings with the SEC. In addition, such statements could be affected by risks and uncertainties related to: (i) commercialization of our newly-acquired helmet camera, (ii) continuing development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, and (v) our ability to sell our products in order to generate revenues. Forward-Looking Statements are pertinent only as of the date on which they are made, and the company undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future developments or otherwise. Any future public statements or disclosures modifying any of the forward-looking statements contained in or accompanying this news release, will be deemed to supersede such statements in this news release. Information on BRK Inc.'s website, http://www.brkincorporated.com does not constitute a part of this release.
Contact:
shareholder@brkincorporated.com
brkincorporated.com
+1-855-702-8275
Cision View original content:http://www.prnewswire.com/news-releases/brk-announces-reverse-split-301031776.html
SOURCE BRK, Inc.
Technically speaking there is no Q4 10Q. It's all wrapped up in the Annual 10K.
Annual Report on Form 10-K:
Large Accelerated Filer: 60 days after fiscal year end
Accelerated Filer: 75 days after fiscal year end
Non-Accelerated Filer: 90 days after fiscal year end
QPRC falls under Non-Accerlated Filer which puts it at March 30 / April 15ish if NT is filed.
A fantastic resource for filings can be found at:
https://www.gibsondunn.com/wp-content/uploads/2019/08/SEC-Filing-Deadline-Calendar-2020.pdf
Annual 10K and Q4 10Q are not due until March 30th. They may or may not file a NT 10K for an extension that will push it to roughly April 15. Some years they file an extension, some they are on time.
Edited: Q4 10Q...not Q1
That statement makes no sense with the way these dividends have been paying out. The Date of Record has no bearing on payment of the div and never has. As such, it does not matter when you buy as long as you are a shareholder by the end of the Pay Date. If you are a shareholder at the end of the day on the Pay Date you will receive the dividend and whoever sells their shares after the Date of Record will have their dividend removed if they do not repurchase by the Pay Date.
Something like this!
$CMGO We are currently working on another avenue to recoup what was lost during our issue in the past. I will update on that shortly. Optimistic on our chances. $WORKINGONIT!!
— CMG Holdings Group Inc. (CMGO) (@CMGONews) December 16, 2019
It looks like I was wrong. It is trading today under the LEGED. With the RS and the float being extremely tiny it's going to move very slow unless news comes out. The spread is $1 at the moment.
20 days from the date of the D marker I believe. The D will be removed after 20 days and trading should resume...I think :)
Court date revised:
*New* 01/10/2020 8:30 AM DEPT. S31 MOTION RE: DEMURRER TO SECOND AMENDED COMPLAINT - FILED BY DEFENDANT NARINDER S GREWAL MD - Minutes
*New* 01/10/2020 8:30 AM DEPT. S31 HEARING RE: FURTHER TRIAL SETTING CONFERENCE - Minutes
*Old* 12/23/2019 8:30 AM DEPT. S31 MOTION RE: DEMURRER TO SECOND AMENDED COMPLAINT FILED BY DEFENDANT NARINDER S GREWAL MD, NARINDER S GREWAL,MD INC, G3HEALTHCARE, PRITI GREWAL VACATED
*Old* 12/23/2019 8:30 AM DEPT. S31 HEARING RE: FURTHER TRIAL SETTING CONFERENCE VACATED
News Update: MIRAMAR, Fla., Nov. 26, 2019 (GLOBE NEWSWIRE) -- Generex Biotechnology Corporation (OTCQB: GNBT) has issued a shareholder alert regarding recent trading activity that has adversely affected the company and its shareholders. It has been brought to our intention that Creek Mountain Fund, from which Generex acquired 20% of Olaregen Therapeutix shares in exchange for GNBT shares, has been illegally selling its 4 million share position without notifying the Securities & Exchange Commission nor Generex shareholders of their plans to sell the GNBT stock through filing a Form 13g.
Joe Moscato, President & CEO of Generex stated, “It is unfortunate that Creek Mountain has decided to hurt Generex and our shareholders with their actions. Generex is working with our legal team to review compliance with our asset purchase agreements (APAs) that include lock up and leak out provisions, as well as the Waiver Agreement that Creek Mountain signed regarding the 1:1 share dividend that Generex will pay to shareholders on November 29, 2019. We will provide further details as information emerges.”
About Generex Biotechnology Corp.
Generex Biotechnology is an integrated healthcare holding company with end-to-end solutions for patient centric care from rapid diagnosis through delivery of personalized therapies. Generex is building a new kind of healthcare company that extends beyond traditional models providing support to physicians in an MSO network, and ongoing relationships with patients to improve the patient experience and access to optimal care.
In addition to advancing a legacy portfolio of immune-oncology assets, medical devices, and diagnostics, the Company is focused on an acquisition strategy of strategic businesses that complement existing assets and provide immediate sources of revenue and working capital. Recent acquisitions include a management services organization, a network of pharmacies, clinical laboratory, and medical device companies with new and approved products.
Cautionary Note Regarding Forward-Looking Statements
This release and oral statements made from time to time by Generex representatives in respect of the same subject matter may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by introductory words such as "expects," "plan," "believes," "will," "achieve," "anticipate," "would," "should," "subject to" or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Forward-looking statements frequently are used in discussing potential product applications, potential collaborations, product development activities, clinical studies, regulatory submissions and approvals, and similar operating matters. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those identified from time to time in the reports filed by Generex with the Securities and Exchange Commission, which should be considered together with any forward-looking statement. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements. Generex undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Generex claims the protection of the safe harbor for forward-looking statements that is contained in the Private Securities Litigation Reform Act.
Generex Contact:
Generex Biotechnology Corporation
Joseph Moscato
646-599-6222
Todd Falls
1-800-391-6755 Extension 222
investor@generex.com
looks like it was all a giant lie:
Item 9C) Discussion regarding commercial use of the proposed Clikia / All Energy
Corporation Hangar.
Paul Moritz stated the City of Ankeny, Communications Director, read a press release stating Clikia Corporation/All Energy Corporation plans to have a satellite charter business and perhaps an aircraft maintenance operation housed within an Ankeny Airport hangar. Moritz reached out to Dean Sukowatey who responded by saying, “We simply would be storing one or two of our planes to or from a trip.” Attorney, Amy Beattie, stated as required by the FAA, the PCAA has minimum standards for aeronautical activities, which covers operators performing commercial operations on the airport. Beattie will be sending a letter to Dean Sukowatey reminding him of the minimum standards and the fact that he will need the Boards approval before he will be able to provide any service from his hangar
https://ankenyregionalairport.com/wp-content/uploads/2012/10/07-11-19-Minutes.pdf
Latest court update this morning:
Case CIVDS1804764 - BASU-V-GREWAL
Action:
HEARING RE: FURTHER STATUS OF SERVICE/FURTHER TSC
11/08/2019 - 8:30 AM DEPT. S31
JOHN M PACHECO, JUDGE
CLERK: ARLENE GUARDADO
COURT REPORTER SHAWNA MANNING 12827
COURT ATTENDANT C SHELBY
-
APPEARANCES:
CHANDANA BASU APPEARS BY COURTCALL.
ATTORNEY JEREMY O ARNAIZ PRESENT FOR DEFENDANT/RESPONDENT.
-
PROCEEDINGS:
PREDISPOSITION HEARING HELD
ACTION CAME ON FOR FURTHER TRIAL SETTING CONFERENCE.
ATTORNEY ARNAIZ REPRESENTS HE INTENDS TO FILE A DEMURRER TO THE SECOND AMENDED COMPLAINT.
COUNSEL REQUESTS A RESERVATION DATE.
-
COURT PROVIDES COUNSEL WITH A RESERVATION DATE OF DECEMBER 23, 2019 AT 8:30 AM IN S31.
-
HEARINGS:
HEARING RE: FURTHER TRIAL SETTING CONFERENCE SET FOR 12/23/19 AT 08:30 IN DEPARTMENT S31.
COUNSEL FOR DEFENSE TO GIVE NOTICE.
ACTION - COMPLETE
=== MINUTE ORDER END ===
Updated Lawsuit Link. Following any link will lead you to search screen.
http://openaccess.sb-court.org/OpenAccess/CIVIL/default.asp
Click Case Search
Case Type: CIV - CIVIL
Case #: DS1804764
Updates: 6/13
International Patent:
https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2019112942&tab=PCTBIBLIO&maxRec=1000
Price Target - $5-$6
https://zolmax.com/investing/heat-biologics-inc-nasdaqhtbx-given-5-00-average-target-price-by-analysts/3113208.html
NEWS: Company Continues to Improve Capital Structure for 2019
June 18, 2019 01:57 PM Eastern Daylight Time
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW,” or the “Company”) announced that the Company has consummated a transaction with its senior lender to refinance its outstanding debt through the issuance of a secured, non-convertible promissory note in the principal amount of $2,900,000 for which it received $2,800,000 in gross proceeds. The Company used the gross proceeds to repay an outstanding convertible promissory note to the lender and used the remainder to extinguish other short-term debt in the aggregate amount of approximately $1,000,000. The Company also stated that it continues to work with certain other of its creditors to decrease its debt and improve its capital structure while moving forward with its growth and profitability objectives for 2019. As stated during its Investor Conference on February 25, 2019, the Company’s goals for this year include decreasing its debt, increasing both its revenue and profitability and providing greater shareholder value. In consideration for the lender agreeing to enter into the refinancing described above, the Company agreed to issue it 500,000 shares of its common stock, subject to the approval by the NYSE American, and to register such shares with the Securities and Exchange Commission.
DPW’s CEO and Chairman, Milton “Todd” Ault, III said, “We are very pleased we were able to work with our lenders to reduce more of our short-term debt and restructure and strengthen our balance sheet. This particular transaction eliminates eight creditors, simplifies our balance sheet and audit workload and reduces our overhead costs. The Company remains dedicated to increasing its revenue growth, improve its bottom-line results and attain its stated goals for 2019. We are very pleased our creditors continue to work with us as we strive to improve our capital structure.”
For more information on the Company, DPW recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at http://www.DPWHoldings.com or available at www.sec.gov.
About DPW Holdings, Inc.
DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies that hold global potential. Through its wholly owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, crypto-mining, and textiles. In addition, the Company owns a select portfolio of commercial hospitality properties and extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW’s headquarters are located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.
Forward-Looking Statements
This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.
Contacts
IR@DPWHoldings.com or 1-888-753-2235
BRK, Inc. Engages Canadian Enforcement Lawyer to Administer Judgements in Successful Patent Infringement Case
PR Newswire
HENDERSON, Nevada, June 7, 2019
HENDERSON, Nevada, June 7, 2019 /PRNewswire/ -- BRK, Inc. (the "Company") (OTC: BRKK) is pleased to announce the engagement of Samuel Michaels, founding lawyer of SM Legal to administer judgement won in the Company's successful patent infringement case against iSee Automation. Mr. Michaels is a dedicated corporate lawyer who first caught the attention of the Toronto business and legal communities in 2015 with the launch of his online legal platform, Canada Legal Help (www.canadalegalhelp.com).
SM Legal is assisting the Company with implementing its successful Washington-based judgement against iSee Automation, of which, a claim will be commenced in Toronto, Canada. "Utilizing the Washington judgement as our evidentiary foundation, efforts will be made to secure a valid Ontario judgement against iSee Automation," commented Daniel Serruya, CEO BRK, Inc. Following successful attainment of an Ontario judgement, the Company will assess and act as necessary to enforce the judgement and payment of monetary damages. Daniel Serruya, continued, "all actions will be taken in an efficient, economical and timely manner to ensure BRK Inc. can return its focus to its business growth and development as soon as possible."
The Company is also announcing on March 18, 2019, BRK, Inc. a Nevada corporation (the "Company"), entered into a Settlement Agreement and Stipulation (the "Settlement Agreement") with Continuation Capital, Inc., a Delaware corporation ("CCI"). Pursuant to the Settlement Agreement, the company agreed to issue shares of its common stock to CCI in exchange for the settlement of certain past due obligations and accounts payable of the Company (the "Subject Debts") in the aggregate amount of $91,156.38 ("the Settlement Amount"). Prior to its entering into the Settlement Agreement, CCI had purchased the Subject Debts from certain vendors of the Company, pursuant to separate claim purchase agreements between CCI and such vendors.
CCI sought payment of the Subject Debts by the Company in the matter entitled Continuation Capital Inc., a Delaware corporation, vs. BRK, Inc., a Nevada corporation ("the CCI Action"), in the Circuit Court of the Twelfth Judicial Circuit in and for Manatee County, Florida (the "Florida Circuit Court"). In settlement of the CCI Action, the Company and CCI entered into the Settlement Agreement. On March 18, 2019, the Florida Circuit Court entered an order approving the Settlement Agreement (the "CCI Order"). In the CCI Order, the Florida Circuit Court found, among other things, that the Settlement Agreement was fair to CCI, within the meaning of Section 3(a)(10) of the Securities Act of 1933, as amended (the "Securities Act"), and that the sale of shares of Company common stock (the "Settlement Shares") to CCI and the resale of the Settlement Shares by CCI, assuming satisfaction of all other applicable securities laws and regulations, will be exempt from registration under the Securities Act.
Pursuant to the terms of the Settlement Agreement, as approved by the CCI Order, the Company agreed to issue Settlement Shares to CCI in one or more tranches, as necessary, sufficient to satisfy the Settlement Amount, by delivery of one or more issuance requests (each, a "Share Request") to the Company. Each Share Request is to state the portion of the Settlement Amount to be satisfied by such Share Request. In accordance with the Settlement Agreement, the per share price of the Settlement Shares shall be equal to 45% of the lowest-traded price of the Company's common stock for the thirty-day trading period immediately preceding the date of the applicable Share Request. Share Requests shall be made by CCI, until such time as the Settlement Amount shall have been paid in full. Additionally, the Company is to issue, pursuant to Section 3(a)(10) of the Securities Act, 10,101,010 shares of its common stock to CCI, as and for a settlement fee.
The Settlement Agreement further provides that, in no event, shall the number of shares of Company common stock beneficially owned by CCI, or deemed beneficially owned by CCI, at any time, exceed 9.99% of the Company's then-outstanding shares of common stock, as determined in accordance with Section 16 of the Securities Exchange Act of 1934 and the regulations promulgated there under. The Company has initially reserved 500 million shares of its common stock to provide for issuances made pursuant to the Settlement Agreement.
About BRK, Inc.
BRK Inc. (OTC PINK: BRKK), established in 2008, is owner of the Helmet Camera intellectual property (patents-pending) that make the RefCam possible. With the acquisition of the live broadcast helmet camera patent, BRK is poised to enter sports marketing in a big way. iSee Sports Inc. is a wholly owned subsidiary of BRK, Inc.
The foregoing contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are intended to be covered by the safe harbor provisions of the federal securities laws. Forward-looking statements often contain words such as "will," "anticipate," "believe," "plan," "estimate," "expect," "intend," "is targeting," "may," "should," ''poised,'' and other similar words or expressions. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those described in any of our other filings with the SEC. In addition, such statements could be affected by risks and uncertainties related to: (i) commercialization of our newly-acquired helmet camera, (ii) continuing development and protection of our intellectual property, (iii) unexpected industry competition, (iv) the need to raise capital to meet business requirements, and (v) our ability to sell our products in order to generate revenues. Forward-Looking Statements are pertinent only as of the date on which they are made, and the company undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future developments or otherwise. Any future public statements or disclosures modifying any of the forward-looking statements contained in or accompanying this news release, will be deemed to supersede such statements in this news release. Information on BRK Inc.'s website, http://www.brkincorporated.com does not constitute a part of this release.
PR Released this morning. I read it on OTC Dynamics. I can't post a link because I'm new and apparently restricted from posting some links.