PLEASE READ – This is a must read before you pur
Post# of 2290
Posted On: 04/07/2016 8:50:52 PM
PLEASE READ – This is a must read before you purchase stock in BRWC.
The Facts on BRWC and the CEO:
1) Since April 2011, the SP (stock price) has decreased from .018 to .0005. The stock price has tanked under the leadership of the current CEO. FACT - If you don't believe, checkout the charts. Not only has the SP tanked, the toxic debt and dilution has increased!!!!! FACT!
2) 2015 – Shareholders Letter from Fran in regards to creating a Board of Directors:
Board of Directors - "Over the next twelve months we want to add additional board members as well as partner up with well-established brokers to expand our US sales and distribution. We expect these initiatives, coupled with the successful execution of our growth strategy, will drive shareholder value along with financial and operational growth.
It's 2016, there has been no announcement of adding members to the Board of Directors. When can we expect this news since was suppose to be delivered in 2015, no?
3) Audited Financials – In the last three plus years, BRWC has yet to produce an accurate audit. As a shareholder, this scares the hell out of me.
Audited Financials - Is that too much to ask? It's been how long since the last audit? 3 years, no? How can we judge the success of the contracts in China without seeing financial data? How can this stock skyrocket without financial data?
4) Auditor Dismissed by #1CEO – But why?
“Our current registered independent public accountant (for the fiscal year ending December 31, 2015), Patrick D Heyn, was dismissed on November 4, 2015. Mr. Heyn was so informed by the registrant in a letter as attached hereto as an exhibit, sent by email attachment and regular mail. Mr. Heyn was engaged by the registrant pursuant to an engagement letter dated July 24, 2015. Mr. Heyn did not issue a report that would cause the following disclaimer to be applicable: during the past 2 years the accountant’s report on the financial statements did not contain an adverse opinion or a disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles. The Company’s Board of Directors (consisting of one director, Mrs. Francine Lavoie) approved of the dismissal of Mr. Heyn.
During the time of Mr. Heyn’s employment from July 24 to November 4 of 2015, less than the preceding 2 fiscal years; there were disagreements with Mr. Heyn on matters of accounting principles or practices, financial statement disclosure, or auditing scope or disclosure, which disagreement(s), if not resolved to his satisfaction, would have caused him to make reference to the subject matter of the disagreement(s) in the report; should he have completed one.
Mr. Heyn was preceded by Mr. Terry Johnson as the Company’s auditor; who was suspended by the SEC on October 6, 2015 from practicing as an accountant for entities regulated by the SEC. Previously, in an 8-K dated September 25, 2015, we had stated that we were no longer relying on audit reports and previously issued financial statements that Mr. Johnson was involved in for fiscal years 2012 and 2013 and were investigating whether we could rely on the same for fiscal year 2014. We terminated Mr. Heyn in part because we were not able to obtain a comprehensible, definitive answer from him on how to proceed regarding the problems caused by Mr. Johnson; and in that regard, we were not satisfied with his explanation of the scope, cost and procedure for re-audits to bring the Company compliant. There were disagreements on the valuation of stock issued for management compensation as well as for convertible debt. We also were not satisfied with the scheduling and what we perceived to be a lack of speed and priority involved in Mr. Heyn’s work for us.”
http://www.borealwater.com/image/SEC%20filing...151109.htm
5) $24 million China Deal – Does anyone recall seeing a signed contract? Does a contract between the China companies and BRWC exist? If so, I would love to read the details of the contract and see Fran’s signature on the deal.
From what I’ve read, the China deal was a complete disaster. How much revenue did the contract/deal actually produce? It sure as hell wasn’t $24 million. If I had to guess, BRWC suffered losses selling and shipping water to China.
6) UAE Deal – If the deal is done…. Will the CEO disclose the SIGNED CONTRACT for us shareholders to see? If she doesn’t provide a signed contract, will this end up being another fluff deal like China?
7) The share structure is beyond bloated. This will have to be addressed in the near future. What is set to occur? R/S?
Past News – Please take the time to read some of the past PRs. The CEO has a past history of over promising and under delivering on news and shareholder value.
http://www.otcmarkets.com/stock/BRWC/news
One of the most recent promises is the shipping dates for the UAE deal of April 1st….. which has come and gone…. Promise after promise after promise has been broken over the years. Just ask RJ – He’s been here for years. “News next Tuesday…. No, the Tuesday after that”
9) BRWC has turned a profit in YEARS!!!!!!! FACT!
10) Shareholder Value? For a number of months, the email address for investors has not worked (investors@BorealWater.com) and the CEO will only respond to one poster here on the message board. She will not return phone calls of the concerned shareholders. 1,004 shareholders and how many are unhappy... A LOT!!!!!!
11) February 25, 2015 – CEO’s letter to the Shareholders - Please tell me how much of this actually came true?
“KIAMESHA LAKE, N.Y., Feb. 25, 2015
KIAMESHA LAKE, N.Y., Feb. 25, 2015 /PRNewswire/ --Boreal Water Collection, Inc. (OTC: BRWC), an established water bottler of premium private-labeled bottled water products tailored for each client's particular need, today issues the following letter to Shareholders from the Company's Chief Executive Officer, Francine Lavoie.
Dear Shareholders,
I would like to take this opportunity to share several noteworthy achievements our Company made during 2014.
Boreal Water's mission is to provide high-end private labeled bottled water and last year we were very successful at gaining multiple prestigious and high-end accounts. We expect to continue to increase our sales and earnings for years to come.
Notably, in 2014 our baby water product line successfully entered the Chinese market and is now in many high-end retail outlets and online retailers. Our baby water is recognized in China as being pure, sodium free, BPA free, and bromate free with low mineral content and a balanced PH. Those are all perfect conditions for quality baby water!
As well, we now have on staff a full-time representative in Shanghai by the name of Miss Zhao. In 2015 she will expand our presence in China and aggressively continue to build our sales.
During the last quarter of 2014, we were able to increase our sales by 23% as compared to last year's fourth quarter while increasing gross margin 15%. Our team worked at positioning Boreal for consistent, profitable, long-term growth. Focusing on the fundamentals and building a stable business will drive revenues and earnings upward in years to come.
Our company is committed to bringing more public transparency and information by devoting resources to investor relations and awareness. We hired QualityStocks for that mandate. They specialize in broadening the influence of micro-cap and small-cap companies to help attract growth capital and improve shareholder value.
When I reflect on how far we've come over the past few years, I couldn't be more motivated and optimistic about what we will achieve in 2015 and beyond.
As CEO, my primary responsibility is to deliver shareholder value and to ensure the ongoing growth and success of the Company. We are excited about the numerous opportunities at hand that we will be pursuing this year and in the future. Over the next twelve months we want to add additional board members as well as partner up with well-established brokers to expand our US sales and distribution. We expect these initiatives, coupled with the successful execution of our growth strategy, will drive shareholder value along with financial and operational growth.
On behalf of Boreal Water Collection, I look forward to you sharing in our success for years to come.
Francine Lavoie
Chairman and CEO”
BUYER BEWARE – PLEASE DO YOUR “DD” BEFORE PURCHASING THIS STOCK!
The Facts on BRWC and the CEO:
1) Since April 2011, the SP (stock price) has decreased from .018 to .0005. The stock price has tanked under the leadership of the current CEO. FACT - If you don't believe, checkout the charts. Not only has the SP tanked, the toxic debt and dilution has increased!!!!! FACT!
2) 2015 – Shareholders Letter from Fran in regards to creating a Board of Directors:
Board of Directors - "Over the next twelve months we want to add additional board members as well as partner up with well-established brokers to expand our US sales and distribution. We expect these initiatives, coupled with the successful execution of our growth strategy, will drive shareholder value along with financial and operational growth.
It's 2016, there has been no announcement of adding members to the Board of Directors. When can we expect this news since was suppose to be delivered in 2015, no?
3) Audited Financials – In the last three plus years, BRWC has yet to produce an accurate audit. As a shareholder, this scares the hell out of me.
Audited Financials - Is that too much to ask? It's been how long since the last audit? 3 years, no? How can we judge the success of the contracts in China without seeing financial data? How can this stock skyrocket without financial data?
4) Auditor Dismissed by #1CEO – But why?
“Our current registered independent public accountant (for the fiscal year ending December 31, 2015), Patrick D Heyn, was dismissed on November 4, 2015. Mr. Heyn was so informed by the registrant in a letter as attached hereto as an exhibit, sent by email attachment and regular mail. Mr. Heyn was engaged by the registrant pursuant to an engagement letter dated July 24, 2015. Mr. Heyn did not issue a report that would cause the following disclaimer to be applicable: during the past 2 years the accountant’s report on the financial statements did not contain an adverse opinion or a disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles. The Company’s Board of Directors (consisting of one director, Mrs. Francine Lavoie) approved of the dismissal of Mr. Heyn.
During the time of Mr. Heyn’s employment from July 24 to November 4 of 2015, less than the preceding 2 fiscal years; there were disagreements with Mr. Heyn on matters of accounting principles or practices, financial statement disclosure, or auditing scope or disclosure, which disagreement(s), if not resolved to his satisfaction, would have caused him to make reference to the subject matter of the disagreement(s) in the report; should he have completed one.
Mr. Heyn was preceded by Mr. Terry Johnson as the Company’s auditor; who was suspended by the SEC on October 6, 2015 from practicing as an accountant for entities regulated by the SEC. Previously, in an 8-K dated September 25, 2015, we had stated that we were no longer relying on audit reports and previously issued financial statements that Mr. Johnson was involved in for fiscal years 2012 and 2013 and were investigating whether we could rely on the same for fiscal year 2014. We terminated Mr. Heyn in part because we were not able to obtain a comprehensible, definitive answer from him on how to proceed regarding the problems caused by Mr. Johnson; and in that regard, we were not satisfied with his explanation of the scope, cost and procedure for re-audits to bring the Company compliant. There were disagreements on the valuation of stock issued for management compensation as well as for convertible debt. We also were not satisfied with the scheduling and what we perceived to be a lack of speed and priority involved in Mr. Heyn’s work for us.”
http://www.borealwater.com/image/SEC%20filing...151109.htm
5) $24 million China Deal – Does anyone recall seeing a signed contract? Does a contract between the China companies and BRWC exist? If so, I would love to read the details of the contract and see Fran’s signature on the deal.
From what I’ve read, the China deal was a complete disaster. How much revenue did the contract/deal actually produce? It sure as hell wasn’t $24 million. If I had to guess, BRWC suffered losses selling and shipping water to China.
6) UAE Deal – If the deal is done…. Will the CEO disclose the SIGNED CONTRACT for us shareholders to see? If she doesn’t provide a signed contract, will this end up being another fluff deal like China?
7) The share structure is beyond bloated. This will have to be addressed in the near future. What is set to occur? R/S?
Past News – Please take the time to read some of the past PRs. The CEO has a past history of over promising and under delivering on news and shareholder value. http://www.otcmarkets.com/stock/BRWC/news
One of the most recent promises is the shipping dates for the UAE deal of April 1st….. which has come and gone…. Promise after promise after promise has been broken over the years. Just ask RJ – He’s been here for years. “News next Tuesday…. No, the Tuesday after that”
9) BRWC has turned a profit in YEARS!!!!!!! FACT!
10) Shareholder Value? For a number of months, the email address for investors has not worked (investors@BorealWater.com) and the CEO will only respond to one poster here on the message board. She will not return phone calls of the concerned shareholders. 1,004 shareholders and how many are unhappy... A LOT!!!!!!
11) February 25, 2015 – CEO’s letter to the Shareholders - Please tell me how much of this actually came true?
“KIAMESHA LAKE, N.Y., Feb. 25, 2015
KIAMESHA LAKE, N.Y., Feb. 25, 2015 /PRNewswire/ --Boreal Water Collection, Inc. (OTC: BRWC), an established water bottler of premium private-labeled bottled water products tailored for each client's particular need, today issues the following letter to Shareholders from the Company's Chief Executive Officer, Francine Lavoie.
Dear Shareholders,
I would like to take this opportunity to share several noteworthy achievements our Company made during 2014.
Boreal Water's mission is to provide high-end private labeled bottled water and last year we were very successful at gaining multiple prestigious and high-end accounts. We expect to continue to increase our sales and earnings for years to come.
Notably, in 2014 our baby water product line successfully entered the Chinese market and is now in many high-end retail outlets and online retailers. Our baby water is recognized in China as being pure, sodium free, BPA free, and bromate free with low mineral content and a balanced PH. Those are all perfect conditions for quality baby water!
As well, we now have on staff a full-time representative in Shanghai by the name of Miss Zhao. In 2015 she will expand our presence in China and aggressively continue to build our sales.
During the last quarter of 2014, we were able to increase our sales by 23% as compared to last year's fourth quarter while increasing gross margin 15%. Our team worked at positioning Boreal for consistent, profitable, long-term growth. Focusing on the fundamentals and building a stable business will drive revenues and earnings upward in years to come.
Our company is committed to bringing more public transparency and information by devoting resources to investor relations and awareness. We hired QualityStocks for that mandate. They specialize in broadening the influence of micro-cap and small-cap companies to help attract growth capital and improve shareholder value.
When I reflect on how far we've come over the past few years, I couldn't be more motivated and optimistic about what we will achieve in 2015 and beyond.
As CEO, my primary responsibility is to deliver shareholder value and to ensure the ongoing growth and success of the Company. We are excited about the numerous opportunities at hand that we will be pursuing this year and in the future. Over the next twelve months we want to add additional board members as well as partner up with well-established brokers to expand our US sales and distribution. We expect these initiatives, coupled with the successful execution of our growth strategy, will drive shareholder value along with financial and operational growth.
On behalf of Boreal Water Collection, I look forward to you sharing in our success for years to come.
Francine Lavoie
Chairman and CEO”
BUYER BEWARE – PLEASE DO YOUR “DD” BEFORE PURCHASING THIS STOCK!
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