My take on Daniel's response is that when he is speaking of the new direction of the company. He is specifically speaking about this press release...
BRK, Inc. Shareholder Update and Growth Strategy
HENDERSON, Nevada, October 29, 2018 /PRNewswire/ --
BRK, Inc. (OTC Pink: BRKK) today announced the following corporate update.
Intellectual Property - Since the Company's successful lawsuit ruling against iSee Automation Inc. on March 27, 2018, the Company has obtained a judgment for damages and is finalizing calculations to determine the size of damages and will aggressively, with assistance of counsel, seek recovery of those damages. In addition, the Company is currently updating the technology with a highly regarded technical designer and software developer in the optical systems industry. He will bring a wealth of knowledge and experience in the development and deployment of optical systems in many settings including DOD and private sector applications in addition to expanding the technology to various professional sports leagues. With current adaptations and improvements, the Company anticipates filling for additional patents to further protect our most valuable asset, the Intellectual Property.
New Applications - With the new adaptations from our original design, there have been a number of new applications for our seamless optical transmission that management is looking to implement in the very near future. Management is presently in talks with new outlets to utilize this technology, which will enhance the top line revenue. These outlets range from special events companies to a wide range of sports and governmental agencies. Management believes these new applications have the opportunity to transform the direction of this company.
Partnerships - With the development of new applications, management has identified some first line business partners in the content and content distribution space that will enhance and excel our optical transmission technology over multiple channels and increase acceptance. Management is also in final negotiations to partner with some former professional Sport Celebrities to be the faces of the company and bring awareness to our growing brand and technology.
Daniel Serruya CEO, commented, "I would like to sincerely thank our long-term Shareholders for their patience and continued belief in the company during this extended period of silence. There have been and will continue to be, many corporate and re-structuring initiatives taking place behind the scenes. These initiatives will be communicated over the next several weeks."
Also, when Daniel says that he has been advised by his counsel to limit or curtail personal responses with communication. He is specifically talking about being ready to file and releasing news through OTC Markets. Also known as the "Proper Channels".
The other topic brought up are the convertibles... He did mention this in the last Press Release we received,
BRK, Inc. Completes Transaction With Continuation Capital, Inc.
HENDERSON, Nevada, January 15, 2019 /PRNewswire/ --
BRK, Inc. (BRKK) announced today that it has completed a transaction with Continuation Capital Inc.
"I am pleased to announce that the transaction is complete, and that Continuation Capital Inc. has paid all of the debts submitted in our 3a10. We anticipate issuing approximately 104 million shares in exchange for the debt they held. The remainder of the 300 million shares that have been previously reserved, will be released back to the Company and will not be issued," said Daniel Serruya, President, CEO of BRK Inc.
The debts were a mix of some convertible notes and professional service invoices. These invoices consisted of some legal expenses derived from BRKK's successful lawsuit ruling against iSee Automation, Inc. on March, 27, 2018 and some accounting invoices that will permit BRKK to once again file with OTC Markets in the near future.
Now going back over this again, Daniel said before that there were hundreds of millions shares that he was trying to get a handle on. Now he is only saying hundreds. Which is a massive difference to what he said before in my opinion. My overall take here is that everything is still on track but running a couple days slower than initially anticipated. No biggie in my eyes... BRKK
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