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Belay my last! QTR ending 31Oct17!!!
10Q filed!!! Let's see what it holds for us...
10Q filed!!! Let's see what it holds for us...
SEPCOR means separate correspondence.
True... it just seems like things usually happen quicker. Who knows though :).
What is a SEPCOR?
Only thing they said was that they submitted the request. They will have to let us know when/if it gets approved and a date it will happen. This will all be SEPCOR.
I don't think we should expect news before next Tuesday. As to the context of that news, your guess is as good as mine, but I suspect an update into fundraising and/or its effect on business moving forward.
I don't think we should expect news before next Tuesday. As to the context of that news, your guess is as good as mine, but I suspect an update into fundraising and/or its effect on business moving forward.
Correct, OS was 3.1B as of 3APR. Maximum offering on the original 1-A was 1.8B, as apposed to 9B on the last 1-A/A. I hope my thought process since the R/S announcement has been incorrect all this time, but why announce a R/S as your Reg-a offering is winding down? I think management has accepted the fact that offering isn't going to be as fruitful as expected. At this point, based on the last month of trading, I see no more than $20K (if that) from it.
Less than 2 weeks left on this public offering (no extension submitted yet)! Doesn't look good for the home team based on the avg shares sold in the past 4 weeks. We went from a $.0075 p/share offering a year ago to $.0005 on the last 1-A/A. OS went from 462M to 2.6B during that time.
I don't know what to think at this point!!! Company stated it needed to raise $5M for S/H ROI...SMDH!
I recommend folks read the below on pg 11 of the 1A/A. It speaks to their outlook on the prospects of protecting their intellectual property or filing and enforcing claims for violations.
Our ability to protect our intellectual property and proprietary technology through patents and other means is uncertain and may be inadequate, which would have a material and adverse effect on us.
Our success depends significantly on our ability to protect our proprietary rights to the technologies used in our products. We currently do not have any patents pending; thus, we cannot assure you that we will be able to control all of the rights for all of our intellectual property. If we rely on patent protection, as well as a combination of copyright, trade secret and trademark laws and nondisclosure, confidentiality and other contractual restrictions to protect our proprietary technology, including our licensed technology. However, these legal means afford only limited protection and may not adequately protect our rights or permit us to gain or keep any competitive advantage. Both the patent application process and the process of managing patent disputes can be time-consuming and expensive. Competitors may be able to design around our patents or develop products which provide outcomes which are comparable or even superior to ours. Steps that we have taken to protect our intellectual property and proprietary technology, including entering into confidentiality agreements and intellectual property assignment agreements with some of our officers, employees, consultants and advisors, may not provide meaningful protection for our trade secrets or other proprietary information in the event of unauthorized use or disclosure or other breaches of the agreements. Furthermore, the laws of foreign countries may not protect our intellectual property rights to the same extent as do the laws of the United States.
https://www.otcmarkets.com/filing/html?id=14040046&guid=yxrWU6f3Z3fg73h
I did. It's definitely on e-trade! If anyone can't see it, try OTC Markets. It's on there as well.
ABWN did a 30K to 1 RS last year and raised their AS to 5T (yes, 12 zeros!) and look at that POS now!!! $BRKK - unheard of!!!!!
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:
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.
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.
It's not so much about the RS. It's more about what comes after. Good companies usually do it for restructuring purposes, but the chitty companies usually do it to raise funds by continuing to sell after, without having a solid business plan. Again, it really matters what Dan has planned for after and conventional wisdom would be to provide some sort of reassurances to us (by way of something other than a gut punch PR) that our investment won't end up being worth $.0000001 per share...assuming there is a (solid) post-RS plan if they do go through with it.
8K out! ETFM exploring possible merger candidates.
"FOMO CORP. aka 2050 Motors, Inc. has begun exploring possible merger candidates. We are making this announcement consistent with our commitment to be transparent so our shareholders can make informed decisions. If any merger discussions are successful, a PR will be issued and appropriate disclosures will be provided."
Dude, when Skip speaks, you take the info in and decide for yourself (internally) if you want to be excited about it or not. No need to share with the rest of us!
Wooohooooo...Skipsvalue has spoken!!!
Mak, pull up the BRKK quote, then hit the 'trades' tab.
Buys: 65,841,537
Sells: 1,300,000
Chris (iSee) sold the intellectual property to BRK, Inc in the U.S., then ran to Canada and sold it to someone else. Precedence was already set when BRK won the case, so I believe getting current may be a stipulation for selling the 1A shares. Once those are sold, BRK has operational funds to pursue anyone using its tech. Collecting on the judgement is a separate issue (action). We can't sit around waiting to win that battle with a dissolved company...we need funds NOW!
Welcome aboard! Not a bad decision.
There's always the propensity for something good to turn into a "disaster" when you infuse human nature. I foresee many stages of evolution involved, but as they say, experience is the best teacher, but nowhere does it say it has to be your own experience. There's plenty of smart folks out there to help make this thing go right. Meanwhile, advertising revenues from a hugely saturated cannabis market will still be rolling in!
Great news!!! It only gets better from here folks...potential for huge revenues!
double_m Friday, 05/24/19 01:50:38 PM
Re: None
Post # 11772 of 14195
Extremely smart business plan here!!! Think about the potential advertising revenue from EVERY pot company in the US and Canada. FB makes over $1B p/QTR in revenue from advertising. Twitter made almost $700M in 2019/Q1.
This could adversely affect the Company and our ability to raise funds through equity financing as OTCPink listings are generally deemed to have a greater risk. In addition, our shareholders face the risk that in order to cure the bid price deficiency, the Board of Directors may recommend a reverse stock split to the shareholders. As Nicholas Campanella has a majority of the voting rights, such recommendation would likely be affirmed which could result in the risk of greater dilution to the value of our shareholders.
Oh lord, NO!
This statement makes me feel more comfortable about the money I invested. Thank you!!!
...will post the State of Claims on its website so that shareholders can obtain a better understanding of BRK’s position moving forward.
Too funny!!!
Hey, stop that! You aren't allowed to infuse common sense into any conversations on this board!
Damn, this board is freaking brutal!!!
They had a chit-load of debt coming due back in May-June timeframe and it got diluted! Investors bailed like rats on a sinking ship.
Ok, a bit premature...(have) your chance to load.
This man has plans!!! Stop fighting it folks...you had your chance to load.
2050 Corp.
@2050Corp
I told everyone $ETFM would play offense now it's time. Tomorrow 2050 will PR http://Kanab.Club plans to go into $FB market, we'll add stock chat and hire a group to code a dongle to compete with $ROKU as a niche player. Social media + U/I for streaming = huge growth opp.
3:55 PM · Aug 19, 2019·Twitter Web App
I told everyone $ETFM would play offense now it's time. Tomorrow 2050 will PR https://t.co/1ebWHFACCw plans to go into $FB market, we'll add stock chat and hire a group to code a dongle to compete with $ROKU as a niche player. Social media + U/I for streaming = huge growth opp.
— FOMO WORLDWIDE, INC. (@FOMO_CORP) August 19, 2019
Ask at 5 keeps growing...
44M bid support at 6 and some folks are screaming 4's. SMH!
Not with ask slowly increasing
She wants to go, but peeps won't let her!
Yeah, but you know how 1-2 tic flippers conduct business.
We'd be lucky to. Profit takers and flippers will be getting theirs up front.
Dilutive Secondary Offerings
A dilutive secondary offering, also known as a follow-on offering or subsequent offering, is when a company itself creates and places new shares onto the market, thus diluting existing shares. This type of secondary offering happens when a company's board of directors agrees to increase the share float for the purpose of selling more equity. When the number of outstanding shares increases, this causes dilution of per-share earnings. The resulting influx of cash is helpful in achieving the longer term goals of a company or it can be used to pay off debt or finance expansion. Some shareholders shorter-term horizons may not view the event as a positive.
A dilutive secondary offering usually results in some sort of drop in stock price due to the dilution of per-share earnings, but markets can have unexpected reactions to secondary offerings. For example, in January 2018, the stock price of CRISPR Therapeutics A.G. saw a one-day increase of 17 percent after the company announced a secondary offering. Although the exact reason for the rapid increase can't be known for sure, analysts suspect it was because investors thought the announcement signaled something greater in the future, perhaps related to the company's plans to use the additional capital to fund further clinical development.
https://www.investopedia.com/terms/s/secondaryoffering.asp
Folks, please do research on offerings. Of the two types of secondary (IPO being primary offering), BRK is using a dilutive secondary offering. Dilution means we are selling shares. This is supposed to be a good thing. The company is bringing in funding.
Patience is key here. Going current and paying off debt will be huge milestones. BRKK 'investors' know that patience is warranted in this situation. Only flippers are complaining about the share price...when in actuality that's what it's supposed to do with this offering!!!