Charles: Shouting in all caps does not make your post more effective. I sincerely doubt that the CFO's background at Boeing would make me less skeptical about the honesty of Borneo Resources Investments (BRNE).
I concluded BRNE is a likely scam by comparing information provided in the SEC filings with the press releases, most of which are obviously false and misleading as they blatantly conflict with the filings.
It's odd that Nils Ollquist would issue such blatantly discrepant information. I can only assume that he believes BRNE investors will not read or fully evaluate the SEC filings and will instead rely on the press releases.
You suggest that people talk to investors of Nils Ollquist's former stock because at one point it ran up to a peak of $12. However, it then dropped dramatically and most investors ended up with large losses.
BRNE was run up to $5.00 not long after the reverse merger, possibly by insiders. Does that make it a more valuable stock despite the abysmal annual report that shows no revenue has ever been achieved and virtually no assets despite large liabilities? As I previously posted, the stock has negative net equity yet has been closing at stock prices that give it a market capitalization of over $65 million.
Learning more about the background of CEO Nils Ollquist just makes me even more skeptical that BRNE is a scam.
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