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Nice to see you bumping around here, I followed EquiJohn over about 5 months ago, and have been averaging down every two weeks. Nice to see that's about to stop!
Let's hope you are right #CDIX
I'll say it's a great time, I just wish I was investing today instead of in March and April
except that they lowered the AS to 50 million. So that's not part of the toxic financing 101 roadmap.
So the AS didn't remain the same...
I understand that you don't like this stock anymore, which is fine. And sometimes the points you make are true, but in this case all empirical evidence is that you are wrong about why the RS was done.
IMO
Etrade showed someone hit the .071 bid with 1 share this morning.
Just wondering if that was you that go the single share:)
Did someone really sell you 1 share?
there it is, annual report is delayed, new deadline is 4/17/2018
BRSE Notice of Late Filing
Should be in line with what was expected, but now it's official.
I hope the audit will really be completed in time for this filing.
My best wishes to you all as well.
I agree. Fully reporting is a major step toward an up list.
I would expect them to file and extension and then not file the annual until the audit is complete.
No sense in filing an unaudited annual with an attorney letter when they have Malone Bailey currently working audited financials.
BTW thanks for inviting me into that CDI* group last week. Interesting to see people posting in there.
Can't believe that worked so quickly
I'm looking forward to the annual report, which probably won't get filed until after the audit is done.
I hope that doesn't make it later than a normal extension.
I expect to find information in it regarding capital raised (alluded to by C Flynn on his twitter), as well as business developments for the last quarter. I'll also be looking for the updated share structure, as I recall the company mentioning they will lower the AS to reflect their plan for not doing any convertible debt or dilutive capital raising.
I don't know where we end up, but an 8 million OS with a 5 million float is too low IMO.
I'd also expect to see uplist shortly after that to at least the OTCQB.
what facebook member are referring to?
TPAC doesn't have an official Facebook page, only Twitter.
Just to be clear, I was only kidding.
It was obviously a spell check thing, and I thought we $FLSR folks could use some levity...
That's my takeaway as well. Most likely to QB which is for startup ventures.
It's also another strong hint that there is no plan for dilutive financing from traditional pink sheet convertible debt.
So a good indicator that Christopher Petzel is working on building an investable company with some staying power.
OTC Pink has a different standard for staying current.
You need the lawyer letter on the annual, but the reporting isn't audited. You don't have to file reports with the SEC/FINRA. You only have to file with the OTC.
The OTCQB requires that filings follow the SEC guidelines, which require financials to be audited (among other things).
Here's the link to more info on the OTC web site OTC Reporting Standards
This is a good step, thanks for sharing the link!
Once the meet the audit requirement, all they have to do is establish a board (I think minimum of 3 members) and they can apply to up list on the OTC to the OTCQB.
They have also mentioned in the past that they will be adjusting the share structure at some point, post split.
I would expect that to be done in the new quarter also.
I think we should see a filing pretty soon too.
Good points.
I will say this (all my opinion of course).
I believe Christopher Petzel is an intelligent serious minded businessman. I believe that he will eventually succeed. I believe that he wanted to a public for that same reason any CEO does, which is access to capital.
He tried to raise it in a non dilutive way with the EMJI share structure and it didn't work out. This was after he spent his own money (must have been tens of thousands) buying out the old CEO and various other toxic note holders to reduce the OS as much as he could.
I think the main reason behind the RS is make the stock harder to manipulate, more stable, and less attractive to the general antics of trip stocks on this board. I think a big goal of this was to attract investors rather than traders.
He still needs to build an investable business for the stock to go up. I think he will, so I'm holding. If you look a the market cap and share structure here, it won't take a home run to really drive up the price. A single, even a walk.....
I'm good, I despise the co. that runs this board but no one ever posts on the other one so I've broken down and starting looking over here every once in a while.
Thanks for the tip on SRM*, that's looking pretty good right now. I'll keep an eye on this one too.
Wish there was something more concrete on what may or may not happen here, what the share structure currently is etc...
No doubt the 1/2 billion share day a few days back is a tip off of some kind.
Just followed you over here from *somewhere* else.
This sounds more intriguing than the old spit thing they had. Can you post a link to more information? I'd like to check it out.
Also, I can't reply to private messages here, so I replied to you on the other board about SRM*
I appreciate your input, even when I don't 100% agree.
At least it's obvious you are a real person who trades for a living. Any part timer like me would be making a mistake to not at least listen to what you have to say.
here is the link to his twitter feed with replies.
cflynntwitter
I agree with you that it seems unlikely to be a normal retail sell order.
A real person would just hit the bid at .10.
Did you guys ever speak? Just curious how you feel after that discussion.
As for the assorted posts on this board that intimate the stock won't go up ever, because it hasn't yet, that type of logic is sorely flawed.
Christopher Petzel has made it clear by his past actions, that he's not going to issue PRs of conjecture. When the next significant business deal is 100% closed we will learn of it through a PR, and not until then.
I think it's also clear that he's really not concerned about the complaints of current shareholders, but rather is concerned about future shareholders that buy in at higher levels. Current shareholders have very little to lose, because we bought at the bottom and he's committed not to R/S. That means we are protected from losing money and if we aren't patient enough to wait for the business to be built, we always have the right to sell.
I guess that's another point that bothers me. As the CEO of a relatively new, and still startup company, he doesn't owe shareholders anything, other than timely updates when things actually happen. It's not his responsibility to make sure we make money, it's his responsibility to run the company and be honest in his dealings with the public, the share price will take care of itself.
As an investor it's my responsibility to manage my own risk and timelines and buy or sell as I see fit.
By the way, these comments aren't aimed at you, just cramming it all in one post.
$BRSE
As you know, It's usually a long slow climb out of trips for a stock with this kind of share structure. It's very encouraging to see the base being built higher and higher, and bodes well for the future of our investment.
As the last quarterly filing. I think this is on page 2.
Total Common Shares Authorized 10,800,000,000 as of 9/30/16
Total Common Shares Outstanding 7,758,684,814 as of 9/30/16
Total Common Shares Restricted 1,593,361,491 as of 9/30/16
Total Common Shares Non-Restricted 6,165,323,323 as of 9/30/16
Total Common Shares in Float (CEDE) 3,610,793,117 as of 9/30/16
From the latest quarterly financial statement and notes (maybe we can stop talking about this). This is a comment from page 7 in reference to a cash transaction whereby the old CEO was bought out.
here is the link, you can read it yourself:
http://www.otcmarkets.com/financialReportViewer?symbol=BRSE&id=162986
On February 11, 2016, Mr. Petzel completed the acquisition of 23,000,000 Preferred A Shares and 43,000,000
Preferred B Shares, representing all of the preferred shares of the Company owned or controlled by Mr. Atwell,
thereby effecting a change of control.
Also, there seems to be some confusion as the SS. Here it is from the most recent quarterly on page 2: The big take away from this is that over 1/2 of the OS is restricted and the float is only 3.6 Billion. The investors who have directly fed capital into the company aren't typical OTC beer money traders. They don't ever need their 100 K back (they are multi millionaires), and are invested here because of personal relationships with Christopher Petzel, and a desire to be a part of something much bigger down the road. We just get to ride on their coat tails
Total Common Shares Authorized 10,800,000,000 as of 9/30/16
Total Common Shares Outstanding 7,758,684,814 as of 9/30/16
Total Common Shares Restricted 1,593,361,491 as of 9/30/16
Total Common Shares Non-Restricted 6,165,323,323 as of 9/30/16
Total Common Shares in Float (CEDE) 3,610,793,117 as of 9/30/16
Here is a link for you to review if interested.
http://www.otcmarkets.com/financialReportViewer?symbol=BRSE&id=162986
That's most likely the spread on an ex-clearing sale through VNDM. The sell at .0003 to the market, buy at some 5th decimal to pay themselves the commission.
I believe some of the already converted shares from days gone by is being liquidated this way (there were 19 million similarly yesterday).
Good thins is that these t-trades aren't hundreds of millions of shares. I seem to recall that beaufort had a few hundred million shares, in a past filing (no time to go look it up now though). They have probably been cashing those out these last few months of activity at .0002 to .0004.
That's not true, and if you read the filings you would know that too.
Atwell either retired, or sold every share he had as a requirement of the transfer to Mr. Petzel.
He owns no shares of BRSE (zero).
Actually that was two t-trades one for 10 million and one for 9 million.
Just a way of reporting for ex-clearing sales throughout the day by MMs. Happens all the time when people are selling shares (usually paper) through broker dealers.
These t-trades most likely account for VNDM's contribution to the 150+ million shares traded today.
Just to drive this point home, let's review the actual share structure per the most recently quarterly for quarter ending 9/30/2016 which states the float is only 3.6 Billion.
Trading Symbol EMJI
Exact Title and Class of Securities Outstanding Common Stock
CUSIP 29077P200
Total Common Shares Authorized 10,800,000,000 as of 9/30/16
Total Common Shares Outstanding 7,758,684,814 as of 9/30/16
Total Common Shares Restricted 1,593,361,491 as of 9/30/16
Total Common Shares Non-Restricted 6,165,323,323 as of 9/30/16
Total Common Shares in Float (CEDE) 3,610,793,117 as of 9/30/16
and don't take my word for it, you can read it yourself on page 2:
http://www.otcmarkets.com/financialReportViewer?symbol=BRSE&id=162986
Anyone who has been around has seen worse floats than this do irrationally well, and this company has real substance.
One of the nicest things for those of us who have watched it over the years, is that the current changes aren't smoke and mirrors. They are slow, hard fought, substantive changes.
Why would you recommend people do DD on EMJI when you won't even do DD on $BRSE yet you are calling it a fraud?
That doesn't make any sense. Investors always know that it matters who the CEO is down here, it matters where the revenue is coming from and it matters when a company has cleared convertible debt from it's balance sheet and is raising money in a responsible way while building strong business ties with the likes of the Scotti Bros.
I'm not gone, neither are other core investors who have been here over a year watching this company fix it's balance sheet, lower the AS by tens of billions of shares, eliminate convertible debt, and now acquire a multi million dollar company founded in 2001.
I know that there are about 6 or 7 of us that own ~200,000 shares each, some a less, some more, but we hold 1 billion plus of the 4+ billion float.
We aren't looking for a quick flip, we all see the difference between Mr. Petzel and this company and other sub penny stocks. He is a serious minded business man, and his company won't be in the trips much longer.
New here? Quick read about our CEO:
Christopher Petzel has produced movies with budgets up to 25 million and been an associate producer on movies up to 50 million in budget. Below is a list of the movies that his former company Fierce Entertainment was the production company for (this is from IMDB). War with Jet Li and Jason Staitham was the most successful with a budget of 25 million and worldwide boxoffice gross of 40 million (from boxofficemojo.com).
Fierce Entertainment Production Company - filmography
1.Faces in the Crowd (2011) ... Production Company (in association with)
2.Seeking Justice (2011) ... Production Company (in association with)
3.A Good Old Fashioned Orgy (2011) ... Production Company
4.War (2007) ... Production Company (producer)
5.Shadows in the Sun (2005) ... Production Company
6.Man-Thing (2005) ... Production Company
Below are details on all the movies he has a producer credit for on imdb, with a little information them. These are reverse chronological order so the ones on the bottom are the oldest. Worth noting that the owner of these movies made more than the box office revenue as streaming rights, DVD sales and broadcast royalties often add up to more than the initial take at the box office, but aren't reported on publicly.
Faces in the Crowd (executive producer)
budget $15,000,000
released to DVD
Seeking Justice (executive producer)
budget $17,000,000
limited USA release with $400,000 box office gross in USA
worldwide release with $11,944,052 box office gross
12.3 million box office
A Good Old Fashioned Orgy (executive producer)
1 week release only then to DVD
no budget info
grossed $200,000 box office in narrow release of one week
Rambo (associate producer)
budget $50,000,000
released worldwide gross $113,244,290 box office
War (producer)
budget $25,000,000
Released worldwide
1st major financial success grossing over 40 million in box office
American Soldiers (executive producer)
No budget information found
released to DVD Brazil, Hungary, USA, Greece
Shadows in the Sun (executive producer)
budget $10,000,000 released USA, France, Germany, Sweden and Italy
no box office information found
Man-Thing (producer)
budget $7,500,000
Released Russia, Spain and United Arab Emirates
no box office information found
Carolina (executive producer)
budget $15,000,000
No box office information found
Released Spain
To Kill a King (executive producer) 14,300,000 - released UK and
Spain
The Unscarred (producer)
financial info unknown
Released Netherlands, Canada and France
All retail GTC orders would also have cancelled last night when the ticker symbol changed, so the only orders showing up now on L2 were entered this morning.
No R/S has been confirmed by the company via filings and other communications at least 5 times in the past 6 months.
We are all good on that issue.