Today's O/S count is less important than properly understanding what BRZG has already clearly indicated as to where it is certainly going to be in the very near future. This following excerpt copied from BRZG's 8-K dated 4/11/14, represents 5,500,000,000 (5.5 Billion) shares alone at today's PPS, that must be registered before mid August.
I'm not too certain if those hoping for any change in BRZG's current "NO BID" reality, or for a rise in PPS anytime soon, have much of a true grasp of the basic metrics influencing BRZG's share supply, demand, or PPS.
Equity Purchase Agreement
On April 7, 2014 the Company entered into an Equity Purchase Agreement with ASC. The following is a summary of the material terms of the Equity Purchase Agreement, and does not purport to be complete, and is qualified in its entirety by reference to the full text of the Equity Purchase Agreement, a copy of which is filed as an Exhibit to this Current Report on Form 8-K and is incorporated herein by reference. Pursuant to the Equity Purchase Agreement the Company agreed to sell and ASC agreed to purchase up to $5,000,000 of the Company’s Common Stock at a price equal to ninety percent (90%) of the lowest closing price of the Company’s common stock on any trading day during the ten trading days immediately following the clearing date associated with the applicable put notice. The Company also issued ASC a promissory note in the principal amount of $25,000 payable in six months.
Registration Rights Agreement
On April 7, 2014 the Company entered into a Registration Rights Agreement with ASC. The following is a summary of the material terms of the Registration Rights Agreement, and does not purport to be complete, and is qualified in its entirety by reference to the full text of the Equity Purchase Agreement, a copy of which is filed as an Exhibit to this Current Report on Form 8-K and is incorporated herein by reference. Pursuant to this agreement the Company agreed, within one hundred twenty (120) days to file a registration statement with the Securities and Exchange Commission with respect to the securities set forth in the Equity Purchase Agreement.
