Borneo Resource Investments Ltd (BRNE)

[dontpump]

BVI is a top if not the top offshore location for international companies to domicile. BRNE is an international company. It's not all that surprising that one of their entities or any entities associated with BRNE or its officers is domiciled there. Does that mean every BVI company is a scam or even that being associated with BVI means you may be a fraud? I don't think so. Under the same point it's also not surprising that many of the alleged Chinese frauds were domiciled there since it is a leading if not the leading offshore domicile. In many if not all cases a company that is public in the US and operates outside of the US has to have an offshore domiciled entity. The BVI entity is there for business purposes. Sure some of the BVI companies may be frauds but so wasn't Enron and a host of other US domiciled companies over the years.