Gen 2 Technologies Inc (MNIZ)

[MightyBull]

This was one of the first penny stocks I ever bought. At least it taught me some lessons. If you can find anything good about BRKK right now and I mean anything let me know. I would consider buying back in if there was any reason whatsoever.

This company is a mini GoPro competitor. They bought patents to a referee camera helmet which I do like that idea. As of last year BRKK was broadcasting NHL games. Sounds decent right? Well the juicy stuff is in the 10q.

According to the 10Q filed just last week ...

On or about February 27, 2017, Christopher Stramacchia, President of iSee Automation, notified the Company that it believes that iSee Automation terminated the Agreement for Services. The Company believes that there is no basis in law or equity for iSee Automation to unilaterally decide to terminate the Agreement for Services and plans to enforce its rights thereunder. Since their usage the helmets and their transmitting devices have been held without permission by ISee Automation.

As of April 30, 2017, ISee Automation was holding the Helmets and transmission equipment. Based on the lack of access to the Equipment the Company has elected to impair the assets related to the ISee Automation agreement resulting in an amortization charge of $105,133 and impairment of intangible assets of $1,494,867 for the intellectual property.

So apparently BRKK is being bullied out of their own equipment (perhaps they need an anti-bullying app - haha inside joke - another ticker I follow).

Daniel Serruya is the new CEO. He appears to be a faceless coward of a CEO with no shareholder communication and no online presence. That is my assessment of his performance thus far. If someone else has got an answer out of this new CEO let me know. He does not return emails from [e-mail] and they never update their website. There hasn't been a PR in months.

Ohhh yeah, can't forget about this ...

On June 15, 2017, the Company increased its number of authorized shares to 2,001,000,000 with 1,000,000 designated as preferred shares with a par value of $0.001 and 2,000,000,000 designated as common stock with a par value of $0.001.

If anyone can point out some positives I am listening.