Stockle - the stock oracle

BREK ENERGY CORP

US:BREK
No current share price held for this company.

Past year: ▲ 81%(11.7c – 30.0c USD)

Market cap
—
Shares on issue
—
Story beats
12 since 2001
Last event
14 Dec 2007

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

17 Mar 2006auditor change● Neutral

This amended report repeats the November 2004 change of auditor: Deloitte Touche Tohmatsu resigned on November 24, 2004 and Hall & Company was engaged. It says Deloitte's reports for 2001 and 2000 were not qualified and there were no disagreements. It adds Deloitte's letter agreeing with the statements, and no new business developments.

Discuss in chat

3 Mar 2006auditor change▼ BadMajor

This amendment corrects the February 2006 auditor change report: Hall & Company's 2004 and 2003 reports were modified due to uncertainty about BREK's ability to continue as a going concern, which the original filing had not mentioned. This contradicts the earlier statement that the reports were not qualified or modified, and is a negative signal for shareholders. The rest of the auditor change is unchanged.

Discuss in chat

24 Feb 2006auditor change● Neutral

Hall & Company resigned as BREK's auditor on February 21, 2006, and Mendoza Berger & Company was engaged. The filing says Hall's reports for 2004 and 2003 had no adverse opinion and no disagreements. BREK kept its current audit engagement partner, who moved to the new firm.

Discuss in chat

1 Feb 2006substantial holder notice● Neutral

Richard N. Jeffs disclosed a new substantial BREK ENERGY CORP shareholding (23.70% of votes).

Discuss in chat

4 Oct 2005director interest notice● Neutral

BREK ENERGY CORP director Eugene J Sweeney bought 14,150 shares on the open market.

Discuss in chat

19 Sept 2005director interest notice● Neutral

Joao Dacosta became a BREK ENERGY CORP Treasurer and company insider (initial ownership filing).

Discuss in chat

2 Aug 2005substantial holder notice● Neutral

Richard N. Jeffs disclosed a new substantial BREK ENERGY CORP shareholding (23.40% of votes).

Discuss in chat

7 July 2005director interest notice● Neutral

BREK ENERGY CORP director Shawne Patrick Malone bought 9,394 shares on the open market.

Discuss in chat

27 June 2005director interest notice● Neutral

BREK ENERGY CORP director Shawne Patrick Malone bought 20,598 shares on the open market.

Discuss in chat

16 June 2005director interest notice● Neutral

BREK ENERGY CORP director Eugene J Sweeney bought 3,100 shares on the open market.

Discuss in chat

14 June 2005director interest notice● Neutral

BREK ENERGY CORP director Shawne Patrick Malone bought 6,000 shares on the open market at $0.31.

Discuss in chat

23 May 2005director interest notice● Neutral

BREK ENERGY CORP director Eugene J Sweeney bought 4,700 shares on the open market.

Discuss in chat

13 May 2005director interest notice● Neutral

BREK ENERGY CORP director Eugene J Sweeney bought 3,000 shares on the open market at $0.40.

Discuss in chat

23 Feb 2005director interest notice● Neutral

Joao Dacosta became a BREK ENERGY CORP CFO and Treasurer and company insider (initial ownership filing).

Discuss in chat

23 Feb 2005director interest notice● Neutral

Anne Mcfadden became a BREK ENERGY CORP Corporate Secretary and company insider (initial ownership filing).

Discuss in chat

2 Feb 2005director interest notice● Neutral

Shawne Patrick Malone became a BREK ENERGY CORP director and company insider (initial ownership filing).

Discuss in chat

20 Dec 2004capital raising announcement● NeutralMajor

BREK disclosed several private share sales made in 2004, each selling units of one share plus one warrant. Cash raised: $437,500 (units at $0.05), $700,000 and further amounts of $50,000 and $100,000 (units at $0.20), $700,000 (units at $0.15), and $765,000 (units at $0.20), plus $10,000 in a small extra closing. Shares were also issued to settle about $68,750 of debts and, with warrants, for an oil and gas well valued at $279,392. Existing shareholders' stakes are diluted by these issuances (inference).

Discuss in chat

14 Dec 2004auditor change● Neutral

Deloitte Touche Tohmatsu resigned as BREK's auditor on November 24, 2004, and Hall & Company was engaged the same day. The filing says Deloitte's reports for 2001 and 2000 had no adverse opinion and there were no disagreements. The company's address is now London.

Discuss in chat

8 Dec 2004director interest notice● Neutral

Shawne Patrick Malone became a BREK ENERGY CORP director and company insider (initial ownership filing).

Discuss in chat

8 Dec 2004director interest notice● Neutral

Eugene J Sweeney became a BREK ENERGY CORP director and company insider (initial ownership filing).

Discuss in chat

12 May 2004substantial holder notice● Neutral

Richard N. Jeffs disclosed a new substantial BREK ENERGY CORP shareholding (19.05% of votes).

Discuss in chat

11 Mar 2004substantial holder notice● Neutral

Richard N. Jeffs disclosed a new substantial BREK ENERGY CORP shareholding (11.09% of votes).

Discuss in chat

17 Feb 2004director interest notice● Neutral

Richard Jeffs became a BREK ENERGY CORP President/CEO and company insider (initial ownership filing).

Discuss in chat

18 Sept 2002securities registration● Neutral

BREK ENERGY CORP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.

Discuss in chat

14 Aug 2002late filing notice▼ Bad

BREK ENERGY CORP notified the SEC that its quarterly report would be filed late.

Discuss in chat

10 July 2002securities registration● Neutral

BREK ENERGY CORP registered a securities offering with the SEC using its shelf eligibility.

Discuss in chat

4 Apr 2002substantial holder notice● Neutral

GREGORY M. PEK reported a BREK ENERGY CORP shareholding of 1,782,500 shares (8.00% of votes) in a periodic institutional filing.

Discuss in chat

1 Apr 2002late filing notice▼ Bad

BREK ENERGY CORP notified the SEC that its annual report would be filed late.

Discuss in chat

6 Mar 2002business combination● NeutralMajor

The company, renamed BREK Energy Corporation (the name change was filed January 31, 2002), disclosed a shareholder rights plan adopted December 5, 2001 with U.S. Bank, N.A. as agent. The rights, issued to holders of record on March 20, 2002 and expiring December 31, 2020, let holders buy five shares at $0.01 each if a person acquires 10% or more without board approval. The filing says the plan is meant to deter coercive takeover tactics but not negotiated deals.

Discuss in chat

2 Nov 2001asset acquisition disposition● NeutralMajor

First Ecom.com sold all the stock of FEDS, which it had fully acquired in June 2001, completing the sale on October 22, 2001. It received US$1.66 million upfront and US$1.34 million as repayment of a FEDS loan, plus 40% of FEDS's net operating profit for three years with a guaranteed minimum of $2 million and maximum of $3 million. This contrasts with the June 2001 statement of commitment to the payment business.

Discuss in chat