Business
BRK Announces Key Strategic Initiatives Following Reverse Split
BRK Announces Key Strategic Initiatives Following Reverse Split.
About this update from Gen 2 Technologies Inc.
[{"type":"text","content":"\n\n\n\nBRK Announces Key Strategic Initiatives Following Reverse Split\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBRK Announces Key Strategic Initiatives Following Reverse Split\nPR Newswire\nHENDERSON, Nevada, May 13, 2020\n\n\n\nHENDERSON, Nevada, May 13, 2020 /PRNewswire/ -- BRK, Inc. (the \"Company\") (OTC: BRKK) (OTC: BRKKD) the Company wishes to inform its shareholders that previously communicated initiatives regarding the collection of judgements, future litigation and the creation of a spin-off, remain firm and in play. Management intends to up list BRK form the Pink Sheets to the OTCQB Venture Markets within the next 60 days as it works toward developing operational assets within a vehicle that can be NASDAQ traded. Whilst the current capital markets and economic environment had originally created material obstacles to executing its strategy, management is now seeing the emergence of interest from parties facing a changing landscape of engagement with their viewers and customers.\nAs part of executing on its continued turnaround and strategic vision, BRK has been collaborating with Intrepid Management Inc., to extinguish onerous debt and to provide necessary operational capital. Negotiations with Intrepid are ongoing for additional substantial financing to facilitate BRK's strategic and operational pathway.\nIntrepid Management Inc, a Tennessee based corporation, specializes in providing capital for startups, M&A, and distressed companies. Intrepid's investment objective is to unlock hidden value and drive significant return on investment by providing capital to initiate a strategic catalyst. Their investment portfolio consists of holdings in the financial sector including banking and wealth management, technology, media and media production and broadcast entertainment. Intrepid Management Inc also owns Sovereign Capital LLC that holds land assets for future strategic investment and development.\nMr. Michael Kovacocy, Director of Recapitalization, Restructuring and Investor Relations stated, \"We are focused on delivering for shareholders and meet...