Borneo Resource Investments Ltd (BRNE)

[SmittyInvestor]

How does this sound, Judgement against company in 2015 was $millions, which company could not pay, so in 2019 agreement was reached to convert the debt into 10,175,239,689 shares, 0.0009 conversion rate, the Receiver is Terry, who runs baru gold. That is when they had to increase the Auth Shares from 400,000,000 to 14,400,000,000.

My opinion is Terry brought the company current so he could exercise the judgement and the shares due. Whoever Terry is representing will effectively own this company when they execute the judgement and shares.

They know the only way to make back their money is to increase the share price/value. Selling now would drop the price so quick they would be sitting as they were before, with nothing. My opinion is they will build something here, with the mining contacts they have in Indonesia. They can quickly create a company with some value because there are alot of existing mining operations in Indonesia. They are targeting lithium because it is in demand and popular metal now.

My belief and reason for buying now is Terry will probably not sell any of their shares until they execute their plan for a bigger payoff. I am sure they will sell some shares to fund operations but I think those 10bil shares will stay off the market until they run up the price and execute most of their plan.

I thank you in advance for your info and feedback