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Why it's called "toxic financing."

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e-ore Member Level  Monday, 11/18/13 05:40:10 PM
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Why it's called "toxic financing."

BRZG - Raised A/S to 10 billion and authorized a possible reverse split at up to 1 for 1000

"As of November 5, 2013 the Company is obligated to issue an aggregate of 4,796,391,073 shares of its Common Stock pursuant to certain convertible instruments. Below is a table which shows each instrument, the holder thereof, dates each instrument was issued, maturity date, number of shares issuable under each instrument as of November 5, 2013 based on the closing bid prices of our common stock, and the conversion terms of each instrument."

Looks like all shares will be converted at .0001

The table they refer to is here:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9619736




My posts are my opinion. Do not be influenced by anything you read on any message board website unless you can confirm it.
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