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If their pattern holds, it want happen until the first of the year. Probably after a company name change like " BITCOIN" something, with Conrad Huss at the helm.
Unfortunately they are good at just staying within the law. I hope they get there due! They need to be put out of business.
Your right, SOUTHRIDGE has been involved for several years now. Huss has been an off and on employee for sometime. His expertise is in reverse mergers and evidently reverse splits.
Good question. In my opinion they never were! Now they will turn the focus to bitcoin or will announce another venture with other supposed experts. IT'S LIKE YOU SAID, B/S !!!. When Sothridge and Conrade Huss come back into the picture, a process to drive toward another R/S will begin in my opinion.
I sold what few shares I had left after the last R/S. I looked over the 8K and it looks like the same old process is gearing up again. The same old players are becoming active. I predict by Jan. 2016 another R/S will be done. All the preferred stock is being dished out. The O/S will go thru the roof and next year they will take the common stock holders money AGAIN!!!! Don't get ENVOLVED with this company. This Bitcoin deal is a smoke screen.
They've been at this new business for a year now. My question to them would be " WHERE'S THE BEEF". If these so called Agri experts can't at least show some results after a year, There's nothing there and wasn't ever intended to be in my opinion!
My advice is to watch ONLY!! As I was saying in my last post, this company has no assets or cash flow. The only money they are taking in is from those who foolishly invest in this company.
Everyone here should go to the SEC website and read this companies latest 10Q, it's a sorry state of affairs. You still have to search under BRAZIL GOLD CORP.
I wonder who's buying this. No cash flow. just a store front. The ask this evening is $25.00, what a joke.
LOL!!!!! A four cent trade today. What was the point of it?
Just read the 10Q filed yesterday. It's a sorry state of affairs !!! Liabilities galore.
Over 200 million on the ask with no bid. Desperation setting in. R/S will probably happen in January, if approved.
Please explain WHY!!!!!
179 million plus on the ask this morning. The exit is crowded and the door is chained. No buyers at this point!!!
I don't see how you can have an auction when you don't own anything but a desk and a computer!!
It's absolutely amazing to me, some are still buying this stock knowing that an R/S is coming along with a company that doesn't have a cash flow from actual commerce. I can only hope the regulators will reject the R/S request, since this will be the second time in less than two years.
I fear most want be able to get out because there is no one biding. I think there is a 90 day waiting period before they can execute the R/S. The statement in there filing that says they need to do this R/S to keep the stock price at a level that keep them listed on the exchange is amazing to me. Actually doing business and creating a cash flow is the best way to stay in the market and create investor returns. The last R/S which happened this past January boosted the stock price to between 20 and 30 cents for a very brief period and didn't benefit the shareholders but satisfied the market rules and then the price went back to .0001 and hasn't moved. I've consigned myself to the fact that I will be wiped out with this R/S. I'll just take the write off on my taxes. Before the last R/S, I bought more to stay in, in hopes that they would do something productive, which didn't happen, and we are the same place again. NO MORE FOR ME. Never again will I invest in a company that's not producing and has a cash flow from that process!!!
Whatever the business plan is, I don't think they are interested in actually implementing it. If they were, they would have implemented it and showed a real cash flow, and then would have gone public. THAT'S CREDIABLITY!!!!!!!
I hope everyone reads yesterdays SEC filing carefully. No contracts, no investments, a lot of liabilities, statement that further dilution possible in effort to raise capital. Absolutely no positives for now. Don't buy into this company at this time!
What contracts! I would think if they had signed up a bunch of cattlemen, we would have heard about it. And as for the selling part, after they buy the seed cattle, they will have to wait until calving season to have any cattle for future sale, an then about another year for the calves to reach the right size to sale to the feed lots to realize any income. Meanwhile, they are going to have to pay for vet services and monthly payment to the cattlemen for managing the cows, and if needed, feed for the cattle. I wonder where they will get all that capital! I haven't seen any filing concerning big investors. Like I said in a previous post, a stock price of .0001 sure want finance there needs.
The difference between you and BRZG is that THEY HAVE NEVER MADE A PROFIT IN IT'S ENTIRE HISTORY. They have been in business for about fourteen years in one form or another. I hope this time it's different, but I have to be clear eyed about it. I have emailed the company and told them that not another penny from me until I see real profits. A business plan is just that, a plan only. Need to see if it works. I have my doubts. I have said before, someone in the cattle business has looked at this model before and run the numbers. It works for pig's and chickens because they grow real fast and turned over frequently. It's not so with cattle. That's why the price of beef in the store is a lot higher. I wonder why we haven't seen any filing that show major investment flowing in to finance this plan. It want be funded by a stock price of .0001. I think everyone needs to stay clear of this until we see results.
That 10 billion is the A/S not the O/S. The O/S is what's changing frequently.
In my opinion, these guys should have implemented there business plan First and then floated the stock and the credibility wouldn't be questioned and the stock would be trading a lot higher, probably in the dollars. The way this is being done, sub penny stock price chasing hollow news. I hope I'm wrong, I'd like to get my investment back, but I'm not counting on it.
I notice volume is down today and trading started a little late with the no of shares on the ask LOW. I hope people are starting to think and not trade on hopes and dreams of millions for an investment of a few hundred dollars. After all that's the bait these PINKY traps are baited with in general.
Isn't that the million dollar$$$$$$$ QUESTION?? Only time will answer it. As for me, I have told this co. in an e-mail NOT ANOTHER PENNY FROM ME UNTIL I SEE A PROFITABLE COMPANY.
A correction to my previous post. Conrad Huss came aboard in Jan. of 2013 not 2012. Sorry!
And another bit of info is, on July 7, 2011 BRZG entered an equity purchase agreement with SOUTH RIDGE PARTNERS for 10,000,000 dollars of which ASC RECAP is a division of. And the following Feb of 2012 Conrad Huss was named CEO,CFO etc. with total control of the company and was a former employee of SOUTHRIDGE and up until the move to TN. the BRZG offices were located within SOUTHRIDGE'S offices in New York and Stephen Hicks was a director then as well as now. And finally a reverse slit came about which didn't help us the investors, and now the stock price is the same as it was just before the R/S. STAY TUNED !!!!!
I called FINRA the other day to try to get info on ticker change for BRZG/CONEXUS. They told me they couldn't give out that info, they told me I needed to contact the company to get that info.
Here is an email from Steve Price to me.
?
?
Steve Price
To Me
Jul 15
We continue to work toward implementation of our Conexus Cattle Corp. business plan. Activities such as raising capital, sourcing cows, meeting with prospective cattlemen and customers are ongoing.
We will issue press releases and SEC 8K filings at the appropriate times but, frankly, we are somewhat limited by SEC regulation as to what we can say and to whom.
We do intend to provide shareholders an update soon.
Best Regards,
Steve Price
Chief Executive Officer
Conexus Cattle Corp.
In this post you IMPLY management has revealed company plans with you, am I correct in this assumption. If so SEC reg,s don't permit companies to reveal info like that unless it is in a filing or a public announcement. That's what Steve Price told me in an email.
I agree, they have already spelled out what they think those are. only time will tell if they are right and if those savings are enough. I hope so.
I read the article. It is only talking about beef etc. at the retail level. Higher prices at the store means inflation. You have to track the cattle futures, corn futures and other commodities, plus weather to get a true picture of how profits would be affected for Conexus. These factors and others brought down AG Foods. They had to cook the books over in China to show a profit, and they got caught. You have to realize it takes a cow a lot longer to grow to market size than pigs and chickens. That may be the reason no one has tried this before. Certainly others have run the numbers on this idea long before now. Don't get me wrong, I want this to work as much as anybody, but you have to be clear eyed about it, and not wish it so.
I may be wrong, but I don't think BRZG has a Float, because the O/S isn't a fixed number yet.
LOL!!!! this morning they are offering 11 plus million shares for just over 1,100 dollars. Of course they have to increase the O/S to keep the cash flowing. The bid has dried up. I wrote a email to the company yesterday saying I hope the company is interested in building a viable business and not doing R/S's to soak investor's. Paraphrasing, haven't got an answer yet.
They don't have any assets. If you are referring to the Alabama project, there wasn't any intention by BRZG to proceed with that project. It was created along with Fal Minerals in hopes a reverse merger would come about, which didn't happen.
Stephen Hicks is the founder of South Ridge Partners which is a company that invests and gives financial advice and support to company's in trouble. South Ridge got involved in Brzg, I think in 2011 and brought in Conrad Huss who had previously worked for South Ridge. Brzg's office's were located in South Ridges's New York offices until the move to Tennessee. South Ridge was probably responsible for the creation of the present company. Mr. Hicks is a board member. What the future implications are I can't say. For more info Google South Ridge Partners 11.
I hope your idea of DD isn't only looking at charts ect. My DD is looking at a Company's present and past, balance sheet and business plan. For instance, I wonder why this cattle business plan isn't already in use like it is in chickens and pigs. Don't get me wrong, I want this company to succeed, I have money invested in it. Not looking for sub penny or penny stock but dollars. Have been invested since 2010 and under water right now. If I could I would get out until real profits were being made, not just another announcement with no substance. We got into BRZG because News Max was blowing smoke for the company. At the time we didn't do DD and it was a big mistake. Be careful with supposed UP AND COMING companies. DO your REAL HOMEWORK! If this plan works I'll buy some more.
I don't think mainstream will jump on this stock until a revenue stream is established and profit is shown. Mainstream will do there homework!
thanks for the great info every body!!!