Buyer Beware: Email Stock Picks Picks up Buyer Group Intl Inc (PINK:BYRG)

BYRG_chart.gifIn this day and age, diversifying your business is a must if you do not want to let it swim in the murky waters of the ever changing market medium. David A. Bryant seems to be well aware of that as Buyer Group Intl Inc (PINK:BYRG), the corporation he is currently in charge of, is full of good intentions to operate in two entirely distinct businesses. Are these intentions being carried out the right way, though?

BYRG_logo.pngTo begin with, BYRG claims to be firmly committed to exploring for natural resources, as well as breaking new ground in the motion picture industry. It doesn’t take a rocket scientist to figure out how many crucial parts are missing from the equation. On the one hand, BYRG only has one full-time worker who happens to be the very CEO and he is expected to coordinate the company’s business operations in both divisions. Maybe this is the reason why this guy owns 91% of all BYRG shares issued and outstanding as of Sept. 30, 2012. On the other hand, the company does not seem to be flourishing financialwise, either.

In fact, BYRG‘s financial strength is hardly anything investors could be excited about. As of Sep. 30, 2012, the company had no cash reserves whatsoever and its total debt exceeded $260 million. As far as the $1.235 billion in tangible assets such as property, plant and equipment are concerned, the report gave us no evidence to back up this figure since BYRG has not carried out any feasibility studies to determine if the supposed precious metals reserves are proven or not. Since the proof of the pudding is in the eating, it will certainly take more than BYRG‘s solemn declarations to align those $1.235 billion with reality. Not to mention that, if we were to trust satellite data, the corporate address disclosed in the company’s latest quarterly report might be a fake one as there is no building in sight, except for an abandoned pickup amid a myriad of trees.BYRG_HQ.jpg

What about the prospect of holding a stake in the company? In case you decide on putting your money into BYRG stock, bear in mind that the company’s outstanding stock currently resides at a whopping 27.5 billion with Bryant holding the lion’s share, i.e 25 billion (90.9%). Mind you, however, that he got this hefty award last February, shortly after an astonishing one-for-fifty thousand reverse stock split took place. Perfect timing, isn’t it? What this means is that Bryant has comfortably secured the right to do whatever he wants and take whatever decisions he deems wise without ever needing to consult other shareholders. And there’s even more to it. As set out in BYRG‘s recently amended articles of incorporation, the board of directors (solely comprised by Bryant), is entitled to issue an unlimited number of new shares whenever the need to do so arises.

What we’ve got so far is a debt-ridden, one-full-time-employee penny stock company that could supposedly get in excess of $1 billion if it were to sell its unproven assets right away. Now, that same company has CNGI_failure_1.pngbecome subject of a paid pump job. As it is, Penny Stock MarketBulls and Email Stock Picks have taken the initiative to present BYRG as the next top investment opportunity in pennyland. Since there is no such thing as a free lunch, they have been compensated $10,000 by Wise MicroCap, LLC, for their efforts. However, if you take a look at what happened with other penny stocks promoted by the same guys, you will hardly want to get in this time. Let us study a couple of their past games:

  • Concordis Group Inc (PINK:CNGI) – promoted on Dec. 14, 2012. First-day loss: 38%.
  • Tenguy World Intl (PINK:TGWI) – pumped on Dec. 18, 2012, TGWI shares lost 31% on the next session alone and have since depreciated by almost 70%.TGWI_failure_2.png


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