Borneo Resource Investments Ltd (BRNE)

[beachsideeddy2]

Read it for yourself on page 10 of their latest Q. It's the most hilarious thing reported in a Q I've ever read. HAHAHAHA


http://www.sec.gov/Archives/edgar/data/1355732/000161577415001120/s101075_10q.htm


Naturally, there was never any business. The scam was placed in the backdrop of BORNEO!!! Hardly verifiable even if it were real!! HAHAHHAHA

In the fourth quarter of 2014, the Company stopped receiving any financial information or documentation with respect to the exploration activities at the Talawaan property and the Ratatotok property. Attempts to communicate with operational personnel were unsuccessful. The Company ceased to book revenue from these properties from October 1, 2014. Against the background of the above, Management deemed it prudent to make a 100% provision against the carrying value of both properties in 2014. As a result, the Company has incurred an impairment charge of approximately $7 million.