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BRZV..from the 10K-A Jan. 2012....Outstanding Equity Awards at Fiscal Year-End
As at September 30, 2011, there were no unexercised options or stock that had not vested in regards to our executive officers, and there were no equity incentive plan awards for our executive officers during the year ended September 30, 2011.
Options Grants in the Year Ended September 30, 2011
During the year ended September 30, 2011, no stock options were granted to our executive officers.
Aggregated Options Exercised in the Year Ended September 30, 2011 and Year End Option Values
There were no stock options exercised during the year ended September 30, 2011 and no stock options held by our executive officers at the end of the year ended September 30, 2011.
Repricing of Options/SARS
We did not reprice any options previously granted to our executive officers during the year ended September 30, 2011
BRZV..from the 10K-A Jan. 2012....EXECUTIVE COMPENSATION
Executive Compensation
The following table sets forth the compensation paid to (i) our principal executive officer; (ii) each of our two most highly compensated executive officers who were serving as executive officers; and (iii) up to two additional individuals for whom disclosure would have been provided under but for the fact that the individual was not serving as our executive officer at the end of the year. No disclosure is provided for any named executive officer, other than our principal executive officer, whose total compensation does not exceed $100,000 for the respective fiscal year:
SUMMARY COMPENSATION TABLE
Summary Compensation Table
Long Term Compensation
Annual Compensation Awards Payouts
(
Name and Principal Position Year (1) Salary($) Bonus ($) Restricted Stock Award(s) ($) Option Awards ($) Non-Equity Incentive Plan and Compensation ($) Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) All Other Compensation ($)
Tang Xu 2011 0 0 0 0 0 0 0
(2) President, Treasurer, Secretary, Director. Chief Executive Officer 2010 0 0 0 0 0 0 0
0
Shawn Sim (3) Former President, Secretary , Chief Executive Officer 2009 0 0 0 0 0 0 0
Huaiqian Zhang (4) Former President, Chief Executive Officer, Secretary, Treasurer 2009 0 0 0 0 0 0 0
Wei Xue Feng (5) Former President, Secretary, Treasurer, Chief Executive Officer 2009 0 0 0 0 0 0 0
2008 0 0 0 0 0 0 0
Angeni Singh (6) Former President, Secretary and Treasurer 2008 0 0 0 0 0 0 0
(1) The Company's fiscal year ends on September 30th. (2) Tang Xu serves as officer and director of the Company. He was appointed on December 22, 2009. (3) Shawn Sim served as an officer and director of the Company from June 25, 2009 to December 22, 2009. (4) Huaiqian Zhang was appointed as an officer and director on January 26, 2009. (5) Wei Xue Feng was appointed as an officer and director on May 2, 2008 and resigned on January 26, 2009. (6) Angeni Singh resigned as an officer and director of the Company on May 1, 2008
BRZV..from the 10K-A Jan. 2012....Involvement in Certain Legal Proceedings
To our knowledge, during the past ten years, no director, person nominated to become a director, executive officer, promoter or control person of the company: (1) had any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; (2) was convicted in a criminal proceeding or subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); (3) was the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type or business, securities or banking activities; or (4) was found by a court of competent jurisdiction in a civil action or by the U.S. Securities and Exchange Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated; (5) was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law; (6) was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal Commodities law, and the judgement in such civil action or finding By the commodity Futures Trading Commission has not been subsequently Reversed, suspended or vacated; (7) was the subject of, or a party to, Any Federal or State judicial or administrative order, judgement, Decree or finding, not subsequently reversed, suspended or vacated, Relating to an alleged violation of i Any Federal or State securities or commodities law or regulation; or ii Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease- and-desist order, or removal or prohibition order; or iii Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or (8) was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.
BRZV..from the 10K-A Jan. 2012....DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CORPORATE GOVERNANCE
The following table presents information with respect to our sole officer, director and significant employee as of January 13, 2012:
Name: Tang Xu
Age: 47
Position: President, Chief Executive Officer, Treasurer, Secretary and Director
Each director serves until the next annual meeting of shareholders and until his/her successor shall have been elected and qualified.
Set forth below is biographical information regarding the current sole officer, director and significant employee of the Company as of the date of this Report.
Tang Xu, President, Chief Executive Officer, Treasurer, Secretary and Director. Mr. Xu has served as an officer and director of the Company since December 22, 2009. Mr. Xu is also the owner of Weisheng Electronics, a position he has held since 2000. Weisheng Electronics is a distributor of household appliances, including computers, stereos, televisions, telephones, and cameras. Prior to holding this position, Mr. Xu was the owner of Xinrong, an electronic component wholesale company. Mr. Xu received his bachelor in physics from the University of Wuhan in 1987. Due to Tang Xu's past experience as the owner of two companies we believe he has the qualifications to serve as director of the Company.
BRZV..from the 10K-A Jan. 2012.... CONTROLS AND PROCEDURES
Management's Report on Disclosure Controls and Procedures
Our management has evaluated, under the supervision and with the participation of our chief executive officer and chief financial officer, the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934 (the "Exchange Act"). Based on that evaluation, our chief executive officer and chief financial officer have concluded that, as of the end of the period covered by this report, our disclosure controls and procedures are not effective in ensuring that information required to be disclosed in our Exchange Act reports is (1) recorded, processed, and summarized and reported with the time periods specified in the Securities and Exchange Commission's rules and forms and (2) accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.
Management's Report on Internal Control over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act, as amended). In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of control procedures. The objectives of internal control include providing management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, and that transactions are executed in accordance with management's authorization and recorded properly to permit the preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States. Our management assessed the effectiveness of our internal control over financial reporting as of September 30, 2011. In making this assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") in Internal Control-Integrated Framework. Our management has concluded that, as of September 30, 2011, our internal control over financial reporting is not effective in providing reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with US generally accepted accounting principles.
Management concluded that the following three deficiencies are considered material weaknesses in internal controls:
- Failure to properly record negative cash balance as a current liability - Failure to record audit fees, legal services, and transfer agent services related to fiscal year ending September 30, 2011 - Failure to properly classify cash balance as other asset as cash was not maintained in bank account
This annual report does not include an attestation report of our Company's registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by our Company's registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit our Company to provide only management's report in this annual report.
Changes in Internal Control Over Financial Reporting
There was no change in the Company's internal control over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934) during the quarter ended September 30, 2011 that has materially affected or is reasonably likely to materially affect the Company's internal control over financial reporting.
BRZV..from the 10K-A Jan. 2012.... CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
On January 8, 2010, the Company dismissed its independent auditor, M&K CPAS, PLLC and appointed Kenne Ruan, CPA, P.C., as its independent auditor.
The decision to change auditors was approved by the Company's Board of Directors.
During the Company's fiscal year ended September 30, 2008 the opinion of M&K CPAS, PLLC on the Company's financial statements did not contain an adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles, except as follows: the independent auditor's report of M&K CPAS, PLLC dated February 3, 2009 (for the year ended September 30, 2008) contained "going concern" qualifications. These qualifications questioned the Company's insufficient working capital and ability to continue as a going concern. During the Company's two most recent fiscal years, and through the date of their dismissal, there were no disagreements with M&K CPAS, PLLC, whether or not resolved, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to M&K CPAS, PLLC's satisfaction, would have caused it to make reference to the subject matter of the disagreement(s) in connection with its report.
During the years ended September 30, 2009 and September 30, 2008, and the interim period between September 30, 2009 and the appointment of Kenne Ruan, CPA, P.C., neither the Company nor anyone acting on the Company's behalf consulted with Kenne Ruan, CPA, P.C. regarding (i) the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, or (ii) any matter that was either the subject of a disagreement as that term is used in Item 304 (a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K or a reportable event as that term is used in Item 304(a)(1)(v) and the related instructions to Item 304 of Regulation S-K.
BRZV..from the 10K-A Jan. 2012.....Liquidity and Capital Resources
As of the date of this annual report, we have not generated any revenues from our business activities.
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As of September 30, 2011, our total assets were $72,094, which represented a increase from our total assets of $1,714 as of September 30, 2010. Our total current liabilities as of September 30, 2011 were $176,365, which represented an increase from our total current liabilities of $71,601 as of September 30, 2010. The Company has experienced a net loss of $36,520 for the year ended September 30, 2011, and a net loss of $177,451 for the period from May 18, 2005 (the date of the Company's incorporation) to September 30, 2011. Our net loss from operations decreased to $36,520 for the year ended September 30, 2011, as compared to $12,273 for the year ended September 30, 2010. Our main expenses in the year ended September 30, 2011 included consulting and professional fees of $31,690, depreciation in the amount of $1,444 and interest in the amount of $3,136, compared to expenses for the year ended September 30, 2010, which included consulting and professional fees of $5,100, depreciation in the amount of $3,504 and interest in the amount of $3,136.
BRZV..from the 10K-A Jan. 2012.....PART II ..there's more!
(b) Holders.
As of January 13, 2012, there were 34 stockholders of record of the Company's Common Stock. As of such date, 30,600,000 common shares were issued and outstanding.
(c) Dividends.
During the period covered by this Report, we have not declared or paid cash dividends. The Company does not intend to pay cash dividends on its common stock in the foreseeable future. We anticipate retaining any earning for use in our continued development. We are not subject to any restrictions respecting the payment of dividends, except that they may not be paid to render us insolvent.
On September 2, 2009, the Board of Directors of the Company declared the payment of a stock dividend consisting of three (3) additional shares of the Company's common stock for each one (1) share of the Company's common stock held as of the record date. The record date was September 14, 2009. In connection with this stock dividend, the ownership of stockholders possessing 7,650,000 shares of the Company's Common Stock was increased to 30,600,000 shares of common stock.
(d) Securities authorized for issuance under equity compensation plans.
The Company has never issued securities under and does not have any equity compensation plan.
Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities
The following sets forth information pertaining to all securities of the Company sold within the past four years which were not registered under the Securities Act of 1933, as amended. In the three years ended September 30, 2011, September 30, 2010, September 30, 2009 and September 30, 2008 no unregistered securities were sold or issued by the Company.
BRZV..from the 10K-A Jan. 2012.....PART II
ITEM 5: MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
(a) Market Information.
Our shares are traded on the over-the-counter bulletin board operated by the National Association of Securities Dealers, Inc. under the symbol "BRZV".
The high and low bid prices for our common stock for the past two years for the periods indicated below are as follows:
National Association of Securities Dealers OTC Bulletin Board(1)
Quarter Ended High Low
September 30, 2011 0.08 0.08
June 30, 2011 0.05 0.05
March 31, 2011 0.06 0.06
December 31, 2010 0.01 0.01
September 30, 2010 0.011 0.011
June 30, 2010 0.01 0.01
March 31, 2010 0.01 0.01
December 31, 2009 0.25 0.25
September 30, 2009 0.65 0.65
(1) Over-the-counter market quotations reflect inter-dealer prices without retail mark-up, mark-down or commission, and may not represent actual transactions.
Our common shares are issued in registered form. Empire Stock Transfer Inc., 1859 Whitney Mesa Dr. Henderson, NV 89014 (Telephone: 702.818.5898; Facsimile: 702.974.1444) is the registrar and transfer agent for our common shares
BRZV..from the 10K-A Jan. 2012.....Grants of stock options and other rights to our employees may dilute your stock ownership.
The Company may attract and retain employees in part by offering stock options and other purchase rights for a significant number of common shares. The issuance of common shares could have the effect of reducing the percentage of ownership in us of our then existing shareholders.
Our stock price may be volatile and market movements may adversely affect your investment.
The market price of our stock may fluctuate substantially due to a variety of factors, many of which are beyond our control, including, economic, political, military and security developments in the United States and worldwide and general market conditions. The stock markets in general have experienced substantial volatility that has often been unrelated to the operating performance of particular companies. These broad market fluctuations may adversely affect the market price of our stock. Future sales of our common shares by our shareholders could depress the price of our stock.
Absence of equity research reports or unfavorable reports could adversely affect the price of our stock.
The trading market for our common shares may rely in part on the research and reports that equity research analysts may publish about us in the future and the industry segments in which we operate. The public price of our publicly traded common shares could decline if one or more securities analysts downgrades investment in our common shares or if those analysts issue other unfavorable commentary about our industry or other major participants in our industry, or if they cease publishing reports about us.
BRZV..from the 10K-A Jan. 2012....in my opinion, very open, transparent language eminating from the company!
Because the market for our common shares is limited, investors may not be able to resell their common shares. Investors should therefore assume that any investment in our company will be illiquid for the foreseeable future.
Our common shares trade on the Over-the-Counter-Bulletin-Board quotation system. Trading in our shares has historically been subject to very low volumes and wide disparity in pricing. Investors may not be able to sell or trade their common shares because of thin volume and volatile pricing with the consequence that they may have to hold your shares for an indefinite period of time.
There are legal restrictions on the resale of the common shares offered, including penny stock regulations under the U.S. Federal Securities Laws. These restrictions may adversely affect your ability to resell your stock.
We anticipate that our common stock will continue to be subject to the penny stock rules under the Securities Exchange Act of 1934, as amended. These rules regulate broker/dealer practices for transactions in "penny stocks." Penny stocks are generally equity securities with a price of less than $5.00. The penny stock rules require broker/dealers to deliver a standardized risk disclosure document that provides information about penny stocks and the nature and level of risks in the penny stock market. The broker/dealer must also provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker/dealer and its salesperson and monthly account statements showing the market value of each penny stock held in the customer's account. The bid and offer quotations and the broker/dealer and salesperson compensation information must be given to the customer orally or in writing prior to completing the transaction and must be given to the customer in writing before or with the customer's confirmation. In addition, the penny stock rules require that prior to a transaction, the broker and/or dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction. The transaction costs associated with penny stocks are high, reducing the number of broker-dealers who may be willing to engage in the trading of our shares. These additional penny stock disclosure requirements are burdensome and may reduce all of the trading activity in the market for our common stock. As long as the common stock is subject to the penny stock rules, our shareholders may find it more difficult to sell their shares.
Our future sales of our common shares could cause our stock price to decline.
There is no contractual restriction on our ability to issue additional shares. We cannot predict the effect, if any, that market sales of our common shares or the availability of shares for sale will have on the market price prevailing from time to time. Sales by us of our common shares in the public market, or the perception that our sales may occur, could cause the trading price of our stock to decrease or to be lower than it might be in the absence of those sales or perceptions.
If we raise additional funds through the issuance of equity or convertible debt securities, your ownership will be diluted.
If we raise additional funds through the issuance of equity or convertible debt securities, the percentage ownership held by existing shareholders will be reduced and those shareholders may experience significant dilution. In addition, new securities may contain certain rights, preferences or privileges that are senior to those of our common shares. Furthermore, any additional equity financing may be dilutive to shareholders, and debt financing, if available, may involve restrictive covenants, which may limit our operating flexibility with respect to certain business matters. If additional funds are raised through the issuance of equity securities, the percentage ownership of our shareholders will be reduced, shareholders may experience additional dilution in net book value per share and such equity securities may have rights, preferences or privileges senior to those of our shareholders.
BRZV..from the 10K-A Jan. 2012.. We will indemnify our officers and directors which could cause our capital resources to be used to defend and settle claims or legal actions against them.
The Company's By-Laws and the Nevada Revised Statutes, as amended contain provisions that limit the liability of directors for monetary damages and provide for indemnification of officers and directors under certain circumstances. Such provisions may discourage shareholders from bringing a lawsuit against directors for breaches of fiduciary duty, even though such action, if successful, might otherwise have benefited our shareholders. According to such provisions, we are responsible for payment of costs of settlement and damage awards against our officers or directors.
The Nevada Revised Statutes provides that our directors and officers are generally not personally liable to us or our shareholders or creditors for monetary damages for acts and omissions in his or her capacity as an officer or director unless it is proven that such act or omission constituted a breach of fiduciary duty as a director or officer and such breach involved intentional misconduct, fraud or a knowing violation of law.
In addition to the indemnification provided for in the Company's By-Laws, we may enter into agreements to indemnify our directors and officers. Under these agreements, we will be obligated to indemnify our directors and officers for expenses, attorneys' fees, judgments, fines and settlement amounts incurred by any director or officer in any action or proceeding arising out of the director's or officer's services as a director or officer of us, any of our subsidiaries or any other company or enterprise to which the person provides services at our request. We believe that these provisions and agreements are necessary to attract and retain qualified individuals to serve as directors and officers.
Our sole officer and director is a citizen and resident of a country other than the United States. In the event our shareholders seek legal remedies against such director and officer, the citizenship and residence of such individual may adversely affect the ability of shareholders to seek recourse.
Service of process and the collection of a judgment against an individual who is not a resident of the United States may take a greater length of time, and may involve a greater level of complexity and expense than against a person who is located in the United States. This may adversely affect the ability of shareholders to if they were to seek recourse against officers and directors and to recover any judgments.
Risks Related To Investing In Our Common Shares
You may have difficulty selling our common shares and may therefore lose all or a significant portion of your investment.
Our common shares trades on the OTC Bulletin Board. The stock price may be volatile. The market price of our common shares may be subject to wide fluctuations in response to several factors including the following:
- Our ability to execute our business plan and significantly grow our business;
- Our ability to generate brand loyalty among target consumer segment car buyers;
- Increased competition from competitors who offer competing services; and
- Our financial condition and results of operations.
BRZV..from the 10K-A Jan. 2012.. A Majority of our Common Stock is Owned by a Single Investor.
Ms. Angeni Singh owns approximately 65.4% of our issued and outstanding shares. This concentration of ownership could discourage a potential acquirer from making a tender offer or otherwise attempting to obtain control of us, or could otherwise delay or prevent a change in control transaction or other business combination, which could in turn have an adverse effect on the market price of our common shares. As long as this concentration of ownership persists, it is unlikely that any other holder or group of holders of our common shares will be able to affect the way we are managed or the direction of our business. The interests of the control group of shareholders could conflict with the interests of other shareholders. In addition, we may adopt amendments to our organizational documents and applicable state law which have anti-takeover provisions that could delay or prevent a change in control of our company.
BRZV..from the 10K-A Jan. 2012.. Where You Can Find More Information
The Company is and expects to remain a "reporting company." We will therefore be required to continue to file annual, quarterly and other requisite filings with the U.S. Securities and Exchange Commission (the "SEC"). Members of the public may read and copy any materials which we file with the SEC at the SEC's Public Reference Room at 100 F Street, N.E., Room 1580, Washington, D.C. 20549. Members of the public may obtain additional information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains an internet site that contains reports, proxy and information statements, as well as other information regarding issuers that file electronically with the SEC. This site is located at http://www.sec.gov.
You may also request a copy of our filings at no cost, by writing or telephoning us at:
Breezer Ventures Inc. Room 1707, 17th Floor, CTS Center 219 Zhong Shan Wu Road Guangzhou, China, 510030 Telephone:949-419-6588 Attention: Mr. Tang Xu
BRZV..from the 10K-A Jan. 2012.. Stock Dividend
On September 2, 2009, the Board of Directors of the Company declared the payment of a stock dividend consisting of three (3) additional shares of the Company's common stock for each one (1) share of the Company's common stock held as of the record date. The record date was September 14, 2009. In connection with this stock dividend, the ownership of stockholders possessing 7,650,000 shares of the Company's Common Stock was increased to 30,600,000 shares of common stock.
BRZV..from the 10K-A Jan. 2012.. ..Employees
On January 30, 2009, Wei Xue Feng, a director, President, Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer of our Company resigned. Huaiqian Zhang was appointed a director, President, Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer of our Company.
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On June 25, 2009, Huaiqian Zhang resigned from his positions. Prior to Mr. Zhang's resignation, he appointed Shawn Sim to the Company's Board of Directors and as the Company's new President, Chief Executive Officer, Treasurer and Secretary. As of September 30, 2009, Mr. Sim was the Company's only part-time employee. The Company had no full time employees. As of September 30, 2009, there were no agreements or understandings regarding Mr. Sim's compensation.
Subsequent to the end of the period covered by this Report, Mr. Sim resigned as an officer and director of the Company. Mr. Sim resigned on December 22, 2009 as the President, Chief Executive Officer, Treasurer, Secretary and sole director of the Company. Prior to Mr. Sim's resignation, Mr. Tang Xu was appointed to the Company's Board of Directors. Mr. Tang Xu was appointed to serve as the Company's President, Chief Executive Officer, Treasurer and Secretary upon Mr. Sim's resignation.
BRZV..from the 10K-A Jan. 2012.. Research and Development
We have not spent any funds to date on research and development, and we have not yet determined our anticipated spending on research and development activities for the fiscal year ending September 30, 2010.
Compliance with Environmental Laws
The costs and effects of compliance with federal, state and local environmental laws were not material to our business during the fiscal year ended September 30, 2011. At the present time, we have not yet determined what the costs of such compliance will be for the current fiscal year.
Intellectual Property
As of the date of this Report, we do not own any intellectual property. We do not currently have any patents in regards to any proprietary technology.
BRZV..from the 10K-A Jan. 2012....Plan of Operations
We are in the process of developing a new business plan for the Company. The company's management has been actively pursuing acquisitions of oil leases in the United States specifically in the Fort Worth Basin area. As of the date of this 10K we have not specifically identified any properties for acquisition. The Company believes that given the current demand for oil and pressure on the price this could be a very successful venture.
Approximately 40% of the energy consumed annually by the United States is produced by burning oil. As of 2008, more than two-thirds of this oil is imported. With approximately 5% of the world's population, the United States is responsible for approximately 25% of annual global oil consumption and according to 2008 estimates has a per-person daily consumption rate more than double that of the European Union, whose population is significantly greater.
American dependence on oil imports has grown from 35% in 1973 (the first year reliable data were collected) to 60% by the end of 2006. The Energy Information Administration projects that U.S. oil imports will remain flat and consumption will grow, so net imports will decline to 54% of U.S. oil consumption by 2030. According to the Department of Energy, the top oil exporters to the United States in May 2008 were Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria (in order from most exports to least).
At the present time, the Company does not have the necessary funds to cover its anticipated operating expenses over the next twelve months or to commence operations. It will be necessary for the Company to raise additional funds through the issuance of equity securities, through loans or debt financings. There can be no assurance that the Company will be successful in raising the required capital or that actual cash requirements will not exceed our estimates. We do not have any agreements in place for equity financing and or loan and debt financing. In the event that the Company is unsuccessful in its financing efforts, the Company may seek to obtain short term loans. There can be no assurance that we will be successful in finding financing, or even if financing is found, that we will be successful in achieving profitable operations.
Because we have not yet determined what the Company's business operations will be, we can not estimate what competitive conditions we will face, what products we will sell and how we will distribute them, the raw materials we may require, the number or nature of our customers or the impact of future government regulation on our business.
BRZV....from the latest 10-Q May 2012...
Note 4 Investment in Oil Lease
On April 7, 2011, we executed an asset purchase agreement (the "Agreement") with Catalyst Capital Group, Inc., a California corporation whereby pursuant to the terms and conditions of that Agreement we purchased Catalyst Capital Group, Inc.'s undivided 13/16th interest in and to Firecreek Global, Inc.'s right, title and interest in and to the following (based on Firecreek Global, Inc.'s 93.75% working interest (for depths above 100 feet below the top of the Ellenburger Formation) and 70.341796% net revenue interest in the Elma Jackson oil and gas; (i) Well #6 (API# 42-059-04612) together with the proration units designated for such well by the Texas Railroad Commission and the rights and appurtenances incident to such well (such well and the associated proration units and rights and appurtenances, arising from the working Interests, hereinafter referred to as the "Initial Well"); (ii) Firecreek's rights in, to and under, and obligations arising from, agreements relating to the Lease to the extent the same are applicable to the Initial Well; (iii) Firecreek's interest in fixtures and personal property used solely in connection with the operation of the Initial Well; and (iv) Firecreek's interest in books, files, data and records in Seller's possession to the extent the same relate to the Initial Well provided that possession of same will remain with Firecreek; and the right and option based on certain terms and conditions to acquire a 13/16th interest in and rehabilitate certain other
wells.
As consideration, Catalyst Capital Group, Inc. was provided with 5,000,000 restricted common shares of our company and a one-time payment of $50,000 plus 15/16th of any excess total rehabilitation cost associated with Well #6, payable pursuant to the terms listed in the Agreement.
I think BRZV is setting up nicely. Last time this ran it ran big. If the technical traders want one to play, look at the last time this ran back in March it went from $.05 to $.11 in two weeks or so.
That free trading total is so low. Last time this ran...90 days back give or take, BRZV traded over 6M in one day....that is 60% of the float in one....this will move big time if that happens again.
Hey Jedi...if the chart is any indication, this thing is gonna get lit up soon....JMHO...GLTA
I think you are correct jedi. This could get the eyes of a few folks on it.
Little bit of the history of BRZV and how it came to be...link is here..
http://www.breezerventures.com/history.html
BRZV...only 10.48M Free Trading...from the company webiste...I am all ears now...back later....no reason why I start these DD escapades on a Friday night other than the fact I am bored and have no life...LOL...
http://www.breezerventures.com/investor.html
Experienced Mgt Team...some Halliburton connections...not kidding..
http://www.breezerventures.com/management.html
BRZV..Company Info..not loving it, not hating it...
Contact Info
3943 Irvine Blvd.
Unit 535
Irvine, CA 92602
Website: http://www.breezerventures.com
Phone: 949-903-3026
Email: corp@breezerventures.com
Update Company Info Business Description
Breezer ventures . (OTC:BRZV) is a publicly traded independent emerging natural resources company. The company's focus is on the acquisition, exploration, development and production of oil, natural gas and minerals. We believe that the world has entered a commodities super cycle caused by globalization and the industrialization of large emerging countries and regions such as India, China and the Middle East. Our objective is to find, acquire and develop natural resources at the lowest cost possible and recycle our cash flows into new projects yielding the highest returns with controlled risk.
http://www.otcmarkets.com/stock/BRZV/company-info
Current 10-Q...100M A/S...35.6M Issued and O/S....link here...I like the S/S on this....
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8632088
BRZV Fins from Yahoo Finance...Link here...
http://finance.yahoo.com/q/is?s=BRZV+Income+Statement&annual
BRZV....OTCQB..Fully Compliant....link is here...
http://www.otcmarkets.com/stock/BRZV/quote
BRZV Chart link...not much after the 50MA IMHO...
http://stockcharts.com/h-sc/ui?s=BRZV&p=D&b=5&g=0&id=p07071356227
Looking at this on a chart today, LOL I typed in the wrong ticker and this pops up. Volume similar to a run in April. Matter of fact almost 90 days since last major volume. This is on my radar.
LOL...well looks like the joke was on us on this massive POS. CEO is nowhere to be found. All we have is a bunch of people who think they know this company, but in reality, like you said, this is a joke. They all are.
In CLSN July $4.00 Calls, in 100 Contracts at $.05 last week
In IDCC July $30.00 Calls in 20 Contracts at $.85 last week
In TLAB August $4.00 Calls in 100 Contracts at $.05 last week
Yes, but IMHO that will never happen. Buyer beware is what the SEC would tell us. I am sure the CEO has his ducks in a row anyway. I am sure nothing would be discovered that would be out of order. This guy is the real deal when it comes to making sure his bases are covered. No worries, I see him occasionally here in the desert. I know what he looks like and what he drives. Next time I see him I think I will ask him how this unraveled so dang quickly. Maybe he will double talk me, maybe he won't. At least he will know that share, sorry...bagholders are not happy.
LOL. I know my Godfather. This POS has us all at a loss. Oh well, my options on big boards are looking good today. Maybe I can recover my losses and move on from here. Nothing would make me happier than to dump this pile of worthless junk.
Thanks for the quick reply Stockfather. I wish it was your daughter's wedding today as I would ask a favor of you that you could not refuse. It would be like Sonny on the NJ Causeway at the toll booth. Except, it would not be Sonny driving...That would be reserved for our esteemed CEO, PH...LOL.
I am keeping the faith for sure.
Huh? what line? Tell the CEO to stop the presses and maybe, just maybe this sees $.05 again. Otherwise, this is just Peter's ATM while we hold bags.
Look at the ask building. Looks like the CEO is heading back out for the 4th of July holiday and needs his party money...this is a joke...a total scam.
Great post Stockfather. I can see this SAPX pos getting sub-penny here before summer is over. This thing is dead....all I want is some small pop to lessen the loss I have in this pos.