Scepter Holdings Inc. (BRZL)

[Randizzle]

No strategy...just posting the facts. Feel free to let me know if any of the below is incorrect.




BRZL has never had any revenues ever that I could tell from the filings. They have been stuck at only $22 cash for a long time now. How are they going to ever make the proposed deal with Renfro Energy LLC happen? I'm sort of understanding why this proposed deal that was originally supposed to close before June 15, 2010 still hasn't closed. It has been extended over and over and over again each time sparking a new press release.

Talk about stringing investors along!

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7426611

On May 28, 2010, the Company entered into a services agreement (the “Agreement”) with Renfro Holdings, Inc. (“Renfro”) whereby Renfro will assist the Company in acquiring oil and gas companies by locating the appropriate candidates for acquisition, including Renfro Energy LLC (the “Services”). In consideration for providing the Services, the Company will issue to Renfro 24,000,000 shares of common stock, $0.001 par value per share.

On August 10, 2010 Mr. James R. Renfro was appointed to the Board of Directors of the Company in the capacity of Director

A Letter of Intent was executed, subject to certain conditions, whereby the Company would acquire the membership interests of Renfro Energy LLC and all of its assets, with certain exceptions. The closing date of June 1, 2010 has been extended by mutual consent indefinitely. Preparations are underway to prepare the documentation necessary to comply with regulatoryregulations.

Here is the actual letter of intent:

http://www.sec.gov/Archives/edgar/data/1420924/000109635011000053/wx99one.htm

This letter of intent ("LOI") by and between the limited liability company members ("Seller") of Renfro Energy, LLC ("RE"), a Texas Limited Liability Company, and Brazos International Exploration, Inc. ("Buyer"), a Nevada Corporation, shall stipulate conditions under which Buyer shall purchase the membership interests of Seller.

Seller is willing to sell 100% of their interests in Renfro Energy, LLC to Buyer subject to the following terms and conditions:

1. The date all final contracts and agreements related to this transaction will be executed will occur on or before June 15, 2010 (such date is called the "Closing").

2. Buyer will purchase RE from Seller for $700,000 ("Purchase Price") payable at Closing.

3. At Closing, Buyer shall convey a 10% net profits interest ("NPI") in the Property to an individual or company designated by James R. Renfro.



How is BRZL ever going to come up with $700,000?

Has James Renfro located any oil and gas companies for BRZL to acquire since making that arrangement (besides his own of course)?

http://www.sec.gov/Archives/edgar/data/1420924/000114420410031685/v187346_ex99.htm



see Press Releases

Mar 29, 2011 Brazos International Exploration, Inc. Acquisition Closing Extended

Mar 10, 2011 Brazos International Exploration, Inc. Acquisition Almost Completed

Mar 9, 2011 Brazos International Exploration, Inc. Nearing Completion on Proposed Acquisition

Feb 10, 2011 Brazos International Exploration, Inc. Provides Update On Proposed Acquisition

going all the way back to June of 2010