Do you think SEC worry about this shell company? LMAO! They have bigger fish to fry than wasting resources on this legal clean shell company. Beside, why would SEC involves in this company when BRNW was never register with the SEC since inception of this company?
Dates Registry Expiration: 2021-01-02 05:00:00 UTC Created: 1999-01-02 05:00:00 UTC Contact Information Registrant: Organization: BrainyBrawn, Inc. Mailing Address: New Jersey, United States Technical: Organization: BrainyBrawn, Inc. Mailing Address: New Jersey, United States Administrative: Organization: Network Solutions, LLC. Mailing Address: Virginia, United States Billing: Organization: BrainyBrawn, Inc. Mailing Address: New Jersey, United States
The company address on OTC Markets is a mail forwarding service
1) No Delaware State filings since 2016 2) No OTC disclosures since 2016 3) No apparent active office location 4) No active phone number 5) No longer any active subsidiary
All the hallmarks of a dark defunct OTC company
Then, a few months back there was some buying volume showing up with no real catalyst. Given recent events that appears now to be frontloading ahead of the current promotion. On May 4, 2020 a new website domain was registered behind a domain proxy address:
Nameservers: NS07.DOMAINCONTROL.COM NS08.DOMAINCONTROL.COM Dates Registry Expiration: 2021-05-04 00:12:57 UTC Created: 2020-05-04 00:12:57 UTC Contact Information Registrant: Organization: Domains By Proxy, LLC Mailing Address: Arizona, United States Technical: Organization: Domains By Proxy, LLC Mailing Address: Arizona, United States Administrative: Organization: Domains By Proxy, LLC Mailing Address: Arizona, United States billing: Organization: Domains By Proxy, LLC Mailing Address: Arizona, United States
This is probably the biggest tell that this is a third party P&D since they had to create a new website with a domain that was close to but not the same as the existing legacy website.
Subsequently on May 9, 2020 a new Facebook page showed up.
So the stage was set and promoters got to work on social media touting two mergers getting the company into a couple of tried and true pennystock pumpable narratives for “gold mining” and “cannabis”.
Since the company itself is not providing any actual disclosures through OTC Markets or on its legacy website one other piece needed to be added to the story…and OTC Markets’ TA Share Verification Program provided that. So the story is that those updates are being driven, or paid for, by the company.
Unfortunately, as has happened with other dead tickers that is not what is happening as is outlined here:
However, the OTC is never really a place for facts to overcome hype (at least in the short term) we start to see the results of that:
How long this can be sustained before the music stops is anyone’s guess, and perhaps the SEC will step in, albeit them doing so for dark defunct non-reporting stocks is rare.
Warning! This company may not be making material information publicly available Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.