Gen 2 Technologies Inc (MNIZ)

[Elcappy1]

From the looks of it, they want it all. This goes back to the new company they will be adding in the very near future. BRKK

Impending Business Operations:

The timing for this change in structure is ideal because management is getting ready to file new patents for its Gen2 technology. The first filing will be for a provisional patent that will describe the entire system. Then there will be at least two dozen divisional patents stemming from it. Once the provisional patent has been filed, management will be working directly with a few professional sports leagues to develop new cameras for them. We are currently under NDA with a couple of leagues so information will be made public once the development contracts have been executed. A Copy of the provisional patent or link to it will also be made available to shareholders in due course. The new technology will permit us to establish our new business model, which is a full-service provider geared to professional leagues and athletes that will allow fans to watch them in action from incredible perspectives that do not exist today. Our niche is that we are a second screen content provider that does not pose a threat to first screen media but rather we provide the opportunity to pioneer complimentary content and campaigns. Our technology is designed to work seamlessly with existing broadcasting and communications network but we also bring an unprecedented amount of viewer controls directly to the consumers through our own platform. These are controls that they are accustomed to having while playing video games like controlling the span and visibility of the field, freezing frames, 360 view and so on, all from their phone or laptop and whether they are live at the event or from home.

Value Proposition for doing this:

A final note from Mr. Michael Kovacocy, special advisor on strategic and capital restructuring. He says, As Daniel has explained, we have come to an important point where management activities, focus and capital have to be clearly allocated to where shareholder value will be best served. It has become increasingly apparent over the last several weeks that a number of key operational initiatives are being held back due to management’s continued efforts to draw to a successful conclusion its legacy litigation claims and by the continued efforts to address and optimize the capital structure of BRK Inc. The creation of two separate entities will allow that important litigation and collection activity to continue unabated with all facets of the previously announced strategy - share buyback in particular - proceeding unabated. During the course of 2020, we anticipate having a cleaned-up capital structure reflecting 700M to 300M outstanding share count, aiming for the bottom of this range, in the current BRK Inc. Against this new capital structure, we anticipate having collected material sums of the original $2.5m judgement in 2020. As for the newly formed operations entity, we expect to have a capital structure of between 50m to 150m shares. We anticipate that a share dividend of a ratio of 40:1 will provide shares in new operations entity for holders of record of BRK. Furthermore, we anticipate offering rights to current BRK shareholders to purchase additional discounted shares above and beyond their pro rata share dividend. We believe that our plans put current BRK shareholders in the best position possible to benefit from a tremendous 2020 where we can finally turn the corner and deliver value for our loyal shareholders. Thank you for your confidence and patience.




https://www.otcmarkets.com/stock/BRKK/news/story?e&id=1479715

Daniel Serruya, CEO of BRK, commented, "Management is looking to create a scenario where Shareholders of record, who are currently in possession of their shares, could receive shares in the new entity with an option of becoming Shareholders of both. This would essentially allow Shareholders to choose whether they wish to participate in value streams from either the one-off litigation actions or from an ongoing operational business model focused on leading edge technology with marquee clients and strategic partners – or both." Daniel Serruya commented further, "This will afford our loyal Shareholders the added benefit of being able to increase their involvement with an ability to better direct investment to operational versus non-operational activities as per their individual requirements. Furthermore, management views these new developments, in addition to the previously announced share buyback, as an aggressive foundation to execute on our commitment to Shareholder value."

BRK Appoints Former PGA TOUR Pro Rick Pearson as VP of Broadcasting, Member of Advisory Board


https://www.otcmarkets.com/stock/BRKK/news/story?e&id=1494576