Connexus Corporation (CNXS)

[Gaintrader]

BRZG=MEGA-LOSER! Did you miss page 22, Note 11?

Note 11- Liability for Conversion Feature of Preferred Shares

Upon the issuance of the Series B Preferred and the Series C Preferred for the Conexus Cattle acquisition (See Note 14 below), the owners of these securities were entitled to receive in total 95% of the common stock of the Company upon full conversion. Assuming full conversion, based on the common shares outstanding at the Balance Sheet date, there would be 47,747,371,030 shares, 37,747,371,030 more than the current authorized amount. Based on the stock price at September 30, 2014, $.0001, the total value of those shares would be $3,774,737. In accordance with Generally Accepted Accounting Principles, the Company recorded a liability for that amount on the Financial statements.

Convertible debentures 12,668,554,333 + the convertible preferred 47,747,371,030 = a current 60,415,925,363 share liability, and that is all before anything whatsoever has even been accomplished towards any reported cash flow generating action has yet to take place, to date.

And the CEO and CFO both come from a bankrupt through fraud, pig farming operation, while working with "consultants" who's companies have also been accused by the SEC of fraud too, and I'm very surprised BRZG isn't trading north of $2 with a 1 for 1000 RS looming, seriously... LOL, ROTF!