Business
BRK Announces Reverse Split
BRK Announces Reverse Split.
About this update from Gen 2 Technologies Inc.
[{"type":"text","content":"\n\n\n\nBRK Announces 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 Reverse Split\nPR Newswire\nHENDERSON, Nevada, March 30, 2020\n\n\n\nHENDERSON, Nevada, March 30, 2020 /PRNewswire/ -- BRK, Inc. (the \"Company\") (OTC: BRKK) the Company wishes to inform its shareholders that today, BRK Inc. filed a proposed reverse stock split in the State of Nevada. Important details are as follows:\nThe ratio for the reverse split is 1,000,000:1 No individual Shareholder will have less than 100 shares post reverse split. For example, an individual with 200,000 shares would have 100 shares post reverse split despite the ratio of 1,000,000:1 driving an adjusted r/s share amount of 0.2 shares. The calculation for allocation of post reverse split shares is to be effectuated based on Shareholders of record as of March 30, 2020.Daniel Serruya, CEO of BRK, commented, \"It is my strong view and that of strategic restructuring advisor, Michael Kovacocy, that this corporate action will provide the most efficient normalization of BRK Inc.'s capital structure, allowing management to aggressively and fairly pursue previously communicated strategic goals. We thank our Shareholders for their support and loyalty during a difficult period of transition and look forward to delivering shareholder value going forward.\"\nBRK Inc. (OTC PINK: BRKK), established in 2008, is owner of the Helmet Camera intellectual property (patents-pending) that make the RefCam possible. With the acquisition of the live broadcast helmet camera patent, BRK is poised to enter sports marketing in a big way. iSee Sports Inc. is a wholly owned subsidiary of BRK, Inc.\nThe foregoing contains \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are intended to be covered by the safe harbor provisions of the federal securities laws. Forward-looking statements often contain words such as \"will,\" \"anticipate,\" \"believe,\" \"plan,\" \"estimate,\" \"expect,\" \"intend,\" \"is targeting,\" \"may,\" \"should,\" ''poised,'' ...