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THIS SCAM still alive..LOL ghee my 5 million shares originally show up as 1 yes ONE share in my portfolio now...LOL took me a while to research and find out that this was the Summus Works scam continuation...have to give more attention to my gamble money (scam pink sheet) portfolio..LOL
This is nothing more than one more criminal PINK sheet scam...
yep financials came out..and CFO resigned, guess they do not need one at the moment after the financials of the last 3 years had been done...they need to save money where ever they can..what I did like about the financial was the following quote'
NOTE 7 - LINE OF CREDIT
The Company has a $10,000,000 line of credit that matured on December 15, 2007. The Company is in default on the loan and is operating under a temporary forbearance agreement through August 15, 2008. The line bears interest at 3.375% over the published LIBOR Rate (currently 8.61%) and is secured by all accounts, property and equipment. The outstanding balance at December 31, 2007 and 2006 was $9,151,283 and $9,407,272 respectively.
Under the terms of the temporary forbearance agreement, the unpaid principal balance on the line of credit is capped at $9,151,283, with no additional borrowings allowed,(b" and the Company’s principal officer and stockholder was required to personally guarantee a portion of the loan balance, limited to a maximum of $2,000,000.(b)" The agreement also requires that any income tax refunds received be utilized to reduce the outstanding loan principal.
looking like a run to 5$ + by September or before...
the hedgis have had their fun with it...
a 500 million cap is the minimum that BRLC deserves...
and that is a 5$ stock price...
just for a starter...!!!!
now they are all covering and jumping up the wagon..
watch this fly ..with the in between usual back drop and filling..
Good post....agreed...
Have been in many other ch 11 plays and ALL of them had some wild trading days sometimes weeks..hence an upsurge in price is almost a given from the bottom here...added the last 2 days as well...!!
A bird told me that they will file chapter 11 soon....
maybe it was a jaybird...??
CH 11 coming this week...F....there go my Jan 09 2.50 calls...
Had a bunch of then..thought it would be an easy bet in this business which has an incredible demand ...how a company can not make it in the LCD TV business is beyond me...
how stupid or criminal must the management be ??
Current Assets
Cash And Cash Equivalents 2,300 - - -
Short Term Investments - - - -
Net Receivables 150,300 185,600 199,800 190,700
Inventory 94,000 146,200 128,000 143,600
Other Current Assets 34,300 33,600 33,600 35,600
Total Current Assets 280,900 365,400 361,400 369,900
Long Term Investments - - - -
Property Plant and Equipment 533,000 570,300 579,500 589,400
Goodwill - - - -
Intangible Assets - - - -
Accumulated Amortization - - - -
Other Assets 21,100 47,700 52,700 34,000
Deferred Long Term Asset Charges - - - -
Total Assets 835,000 983,400 993,600 993,300
Liabilities
Current Liabilities
Accounts Payable 82,900 128,000 145,500 134,000
Short/Current Long Term Debt - - 300 300
Other Current Liabilities - - - 10,700
Total Current Liabilities 82,900 128,000 145,800 145,000
Long Term Debt 578,300 599,500 581,700 579,300
Other Liabilities - - - -
Deferred Long Term Liability Charges 51,400 85,500 84,800 61,900
Minority Interest - - - -
Negative Goodwill - - - -
Total Liabilities 712,600 813,000 812,300 786,200
Stockholders' Equity
Misc Stocks Options Warrants - - - -
Redeemable Preferred Stock - - - -
Preferred Stock 179,400 175,400 171,600 167,900
Common Stock - - - -
Retained Earnings (260,000) (237,400) (221,600) (192,900)
Treasury Stock (49,500) (49,500) (49,500) (49,500)
Capital Surplus 248,200 247,700 247,300 248,300
Other Stockholder Equity 4,300 34,200 33,500 33,300
Total Stockholder Equity 122,400 170,400 181,300 207,100
Net Tangible Assets $122,400 $170,400 $181,300 $207,100
you still pumping this SCAM ??? NOTHING BUT A SCAM ..Keith Dressler is a small time gangster...he has been doing this reverse/symbol change for several time the last 2 years..if one had 10 million shares 12 month ago...you would now own 1 (ONE) share...LOL ...and he will be doing the same over and over again...and laughing at any gullible (stupid) "investor" who puts any money into his scam game...
Has been same scam scheme for the last 2 years...
Keith is a gangster a scam artist and belongs in jail..nowhere else but in jail , where for a change he has to bend over and get ....... instead of the shareholders he is ripping the money out of the pockets...
Appeals Court Backs TiVo In Patent Fight with EchoStar
DISH 28.61, +0.22, +0.8%) ) will have to stop selling and turn off more than 4 million digital video recorders that were determined to have infringed upon TiVo's proprietary technology.
A judge subsequently ordered EchoStar to pay $94 million in damages and (b)ordered EchoStar to stop selling and turn off about 4 million of its DVRs.(/b)
looks like somebody might be interested in the DVR patent that BRST holds..Maybe, hopefully..:):)
DISK is ready for a big bounce back.....1.20$ now...was 4.50 in Oktober on a merger agreement..to be taken over at 4.80 $ ..
now BTP trying to back out of the merger with Image..nasty little quarrel going on between the 2 companies..
but guess the merger will go through but at a lower price, probably..still if they cut the deal by 50% worst case ..we still look at a 100% gain from here..:)
DISK...even if they do re-negotiate the merger...say, worst case scenario at a 50% discount...we still look at a nice 100% from current level of 1.20 $ ....
looks like BTP drove it down to re negotiate..LOL
When shorts start to panic , this will fly to 7$ in no time...
20% short interest...:):) The panic will set in soon...financials are the first to rebound now...look at ABK and you know what will happen here very, very soon..:):)
after the earnings ALL the bad news will be history for ETFC..and up we go..8$ by July...uhhhh that looks good for my 4$ calls I bought this morning LOL
Another rate cut coming soon...and the financial will flyyyyyyy..
Strabuono, I disagree with your assertion (and billfish) that the shareprice will tank today..quite the opposite (hopefully)
There is no real "market" for BRST shares at the moment...hence we are not vulnerable on a "neutral" announcement.
I see it as a positive that we have, so quickly, another action coming, proves that we are still going forward despite the "setback" against APPL..
Hosie is representing BRST in ALL legal matters from now on.
Why would Hosie still represent BRST , if there was no meat going forward??
As for Billfishs comment re: Gordon Rock's departure from the BOD, he points out GR's affiliation with the cable industry...and that in itself might be a future conflict of interest in regards about the much talked DVR patent litigations?? Unfortunately I have not been able to find any information about Gordon Rocks present business venues, that would maybe bring some light into his decision to leave the BOD??
(that of course is all speculations)
All that said , I really do not see anything that would drive down the shareprice in the coming days!!!Quite the contrary!!
I for one am ready to load up IF the stock is going to "tank"
goprsugo...you should go a bit further back reading some explanations I gave about PRSU (IBCX)...good luck with your "investement"...regards to zack-sybil too...lol
you got that right GNOTE...this is nothing but junk...LOL Toilet paper at best..lol
liable...just read the PR..what took them so long to make a name and (probably) a symbol change..LOL .........gheee this one can not get more predictable eh...LOL
I officially retract the "happy holidays" greetings to the managment of PRSU...!!! :):)
maybe they have not been honest to the shareholders??
antisub...I agree with you...
"unlike the hateful, deceitful web of crap that is oft spun"
I really doubt some of the share count here..how else could we bust the float with our additional 12 million shares, eh???
I believe some posters are exaggerating their share holdings!!
GLTY and Happy Holidays ...to you and the great managment of PRSU
On the next BOD meeting I will vote for your removal from the PRSU Board of Directors...with 1/2 of the float in our possession it will give us some power to act accordingly..!!
LOL
zack sybil...from one family trust fund to another..honestly I do not understand your personal attack ...we, the Junefield family trust have vested 12 million shares with a substantial loss ...
we understand that your family trust the Mayfield have a significant amount of shares in your trust accounts also..at least that is what you made us all believe ?? Well we the Junefields are just straight shooters and are always trying to find out if our investment is going into the right direction, hence we sometimes raise some uncomfortable questions!!
All the best Happy Holidays
KCMW...I do agree with you on that ...I do not expect any APPL announcment with BRST mentioned....neither do I expect any further, significant business development between the two.
But I have to strongly disagree with you on the value of BRST...
The 31 cent is certainly not based on any DVR hopes but rather continues license agreement upcoming! Hence how it stands at the moment the 30+ cents are UNDERVALUED , significantly !!
Sure that the future infringement settlements will not be in the 100rd of millions as hoped for from APPL...but it will still have a significant future revenue hence dividend income!!
Once again...the patents are VALID...at this point of time ALL of them .... if we had gone to court we would have been battling for 22 non obvious patent claims (out of 36)!!! So I do not understand how you can put such a low value on such significant patent portfolio?
We have all already discussed the very disappointing 10$ million settlement , BUT its a mystery to me how people regard the (meager) settlement as a loss??
Did BRST lose in court?? NO
Did BRST pay APPL 10$ million ?? NO
Did APPL pay BRST 10$ million ?? YES
Did MSFT pay BRST 60$ million ?? YES
major...you know that is the whole old game plan with the name confusion..LOL they always pick a name that is very similar to another real business..LOL when people try to look it up they come across a valid , established company...remember Prime Restaurant :):)
The Baron Group has NOTHING to do with the Baron International Inc. Sales Representative for Beer kegs and Dishwashers from Glastender Inc.
But a nice try again from PRSU..LOL
hey major...could you please expand on the myriad of businesses Baron is supposedly involved in?? I can not find anything else than the sales rep of Glastender Inc...and that was already more than I hoped for..LOL
http://www.glastender.com/service_n.htm
zack...great post..thanks . eom
mAjOr dAmAgE...yes we should have a seat on the board..although I doubt that they will take any of our recommendations...after all they did not consult with us before acquiring Baron International which is a Local Sales Rep. of Glastender Inc.
http://www.glastender.com/about_us.htm
We would have advised PRSU to acquire a real company not just a sales representative for dishwashers and beer kegs of Glastender Inc.
Oh well ...different minds different business decisions :):)
GNOTE...the Junefields own 12 million shares...together we own more than the float..!! that is great news...!!!
"ZACK my group has 14 million shares"
Number of Shares Percentage of
Name of Beneficial Owner Beneficially Owned Outstanding
------------------------------------------------------------------------------------------------------------
5% Stockholders
---------------
None identified beyond Executive Officers and Directors
Executive Officers and Directors
--------------------------------
Richard A. Lang 4,128,160 (1) 10.33%
Brian Murphy 762,645 (2) 1.90%
Barry L. Ritholtz 450,000 (3) 1.12%
Gordon Rock 10,931,052 (4) 27.27%
All executive officers and directors as a group (4 persons) 16,271,857 40.18%
(1) Includes 3,980,160 shares of our common stock in the name of the Lisa Walters and Richard
Lang Revocable Trust. Also includes 100,000 shares transferred to the family’s irrevocable
trust fund in 2002, an additional 28,000 shares transferred in 2005, and an additional 20,000
shares transferred in 2006.
(2) Includes an option, which expires on May 18, 2008 to purchase 200,000 shares of our
common stock at $.50 per share, and a warrant, which expires on February 15, 2008 to
purchase 20,000 shares of our common stock at $1.50 per share.
(3) Includes an option, which expires on May 18, 2008, to purchase 200,000 shares of our
common stock at $.50 per share.
(4) Includes 10,802,568 shares owned by Mercer Management and the Gordon Rock family and
a warrant, held by Mercer Management Inc., which expires on December 31, 2007, to
purchase 128,484 shares of our common stock at $3.50 per share.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.
Since January 1, 2006, there has not been, nor is there currently proposed, any transaction or
series of similar transactions to which we were or are to be a party in which the amount involved
exceeds $60,000 and in which any director, executive officer or holder of more than 5% of our
common stock, or an immediate family member of any of the foregoing, had or will have a direct
or indirect interest other than compensation arrangements that are described in Executive
Compensation and Other Matters, above, and the transactions described below.
what affiliates????? I guess you are looking at a different Baron International...LOL ahhhh the old trick with the names..LOL
guess you must know more than we do...the website looks like it was done yesterday night after a few kegs of beer..while trying out their new delivry of the remote draft beer system..burp..LOL
I love their highly professional website...LOL wonder if they will add a domain to it..LOL
http://209.201.13.161/
ruff...agree with you on PDGE..spectacular revenue growth..although was disappointed with the small loss..but the growth is there even without any hurricane impact..and PDGE IMHO is one of the few "real" otc stocks that are prime hurricane season play..but absent of that fact they are still on the way to 100 million $ ...I am waiting to add more , if the tax selling continues I will definitely add more , much more!!
PDGE to watch..bottom play..looks like turnaround ..has earnings release on Friday..last 2q ..profit..hovering around 70+ cents...
good for 50% into earnings from here..
LOL yes that could do the trick..lol..and certainly stop putting out that kind of stupid Pr's ...20 million $ in financing..yeahhhhhh sure..LOL ghee what a moron is that Clayton guy to think that anybody would be that gullible to believe that BS..???
BTW..I got a bridge for sale too..any takers here???? LOL
Wow...nobody seems to take the bait..LOL...tell you one thing..forget the pink sheet..its over !! move on guys..too many people were creamed...99% scams...and its all too well known by now!!!
yep..LOL...
that sounds like the golf course that was going to be completed by years end 2006..LOL
The short article just states that Sims is among the 20 most powerful businessman in the world and that he is the only latin american having this "title"! The survey is originaly from the Fortune magazine!
I bought the 110k shares today for 500$..last time I bought 80k shares, I paid around 4k $ for it...
How about that for averaging down..LOL
One day this POS will move again to the penny level...after the massive dilution...!!!
This was quite a promising company with the BOD names on it..never thought it would tank like that..as long as we stay on as a reporting company we still have a chance for some kind of recovery
yep...smells like a rotten fish..LOL
"Then who the hell is dumping shares? 70,000 so far. Very fishy."
Is the Mayfield family dumping shares of PRSU??
Considering the huge blocks going through at 0.0016 I expect some PR being released tomorrow..!!
10:15:24 100000 0.0016 - OTCEQ_NBB
10:11:45 100000 0.0016 - OTCEQ_NBB
10:08:45 34900 0.0016 - OTCEQ_NBB
10:08:39 100 0.0016 - OTCEQ_NBB
10:04:15 100000 0.0016 - OTCEQ_NBB
10:02:27 15000 0.0016 - OTCEQ_NBB
10:01:51 100000 0.0016 - OTCEQ_NBB
09:36:00 49900 0.0019 + OTCEQ_NBB
09:35:39 100 0.0019 + OTCEQ_NBB
08:58:42 50000 0.0017