Scepter Holdings Inc. (BRZL)

[The Rainmaker]

Nothing new directly tied to BRZL has happened since the 30 day extension to buy Renfro expired 38 days ago. Since that time there has been no news, no filings and no updates from BRZL. Most people know that old news is what the deal was going to be before something went wrong that prevented this merger from happening. Now BRZL is just a shell with 880 million shares, no operating businesses, no money per last filing and an expired term sheet to buy Renfro. Maybe they'll roll something else in here, just going to be tough without a R/S after they gave JR 480 million post split shares just for trying really hard to find a deal for BRZL. This now leaves BRZL as a shell with 880 million shares O/S, no closed merger and no cash per last filing. Not a great spot for a shell with a market cap over $4 million dollars. This is a ridiculously high market cap for a shell pre merger jmho!