Breezer Ventures, Inc. (PINK:BRZV) is an independent natural resources company which has been silent for almost a year. It seems there’s still someone willing to pay for a pump.
BRZV stock hasn’t been very liquid, although there have been a few sessions with unusually high volume in March, and then again yesterday. Yesterday BRZV closed up 10% at $0.088 on 269 thousand shares.[BANNER]
For today there are at least two newsletters pumping BRZV. One disclosed $3,300 as compensation, and the other a much more significant one – $30 thousand. The latter was paid by Global Marketing Media.
Touting BRZV isn’t easy at this time. The company hasn’t released any news for a long time. Back in April 2011, the company executed an asset purchase agreement which was supposed to be some kind of a brake, but the hype quickly dissipated and the interest in BRZV faded.
The latest financial report was underwhelming. As of December 31, 2011 BRZV was still a development stage company. It had no cash or current assets. The only listed asset was a $72 thousand investment in an oil lease.
Unless BRZV shows some sign of life, the promotions will be the only thing going for the stock. The recent unexplained volume highs look somewhat disturbing, especially since they are followed by a paid pump. As always, traders should do their due diligence.
