Who plays Ray in the movie???? You could not write a better script!!!!!!
BRS Sues Founder, Allegedly Stole $15 Million
Published Feb 13, 2017 18:06 PM
The disaster of BRS Labs continues to unfold.
BRS Labs, after $100+ million in investment and now known as Giant Gray, has sued their founder Ray Davis and his son:
The deceit employed by Defendants to conceal their fraud and breach of duties knew no bounds and went undetected for years -- resulting in their theft of more than $15 million from the Company
We have obtained the company's petition in Texas court and it reads like a Hollywood screenplay.
Inside this note, we examine the issues involved and the future for BRS / Giant Gray.
No ******
*** ** *** ****** ***** **** to ********* **** **** **** *********** was **** ** *** *** **** a ******, *********** **** *** ********* success *** **** ** *** *******'* success / ****. **** **** ********** that.
Petition ******
**** *** ** **** ***** **** / *** / ***** ********.
Antiques **********
*** ***** ******* ** *** ******** is ***** * ********** ******:
*** ********* *.*. ****** ******** ***** that *.*. ******’* ********* ******* *** be ***** ** *** ******* *******, Springvale, ********, *********. ** *** **** a ****** ****** ****** *** *.*. Farrow, *** ***** ******** **** *.*. Farrow ** ** ********** *** ****** away ** ***** **, **** *** is ****** ** *** ********** ********* Cemetery. *** ********** ********* ******** ** located ** -- **** **** ****** -- *** ******* *******, **********, ********, Australia.
*** ******** ******* **** ***** **** ******* funds ** *** ******** ** **** a ******* ******:
** *** ** *.*. ******? ** reality, *.*. ****** ** *** ****** -- ** *********** ****** ***** ** the ****** ******* *** ********* ******** and **** * ******* ** ******** to *** *****. ******* ************** ******* *** Davis *** *** ****** ****** ****** marketed **** ******** ** ** “******* bangle,” * “********* ********,” “***** **** rings,” *** “******** ****** ******,” ***** Ray ***** ****** ** ******** ** he ***** “**** * ******* ******” when ** *******.
Afcon ********** - $* *******
**** **, ** **** $* ******* in ******** ** '*****':
**** **** *.*. ******, ********** ********** and ******* *** ** **** ****** two ***** ******** ** ** ****** named ***** **************
*** *** **** *****? ********* *** Davis.
***** ** * *********** ********** ** and ********* ***** *** **** ** Wyoming.... * ***** ****** ** *** Wyoming ********* ** *****’* ******* ********** Afcon’s “*********/********” ** **** ***** **** Ray *****.
Blackstone ********** - ~$* *******
****** $* ******* ** **********:
** *****, ********** ********** *** ******* BRS ** **** ******** ** ********** Group ** ** ****** **$*,***,***.**.
*** *** ******** ******* ********** **** not *****:
***** ** ** ******** ******* *** and ********** *****, *** *** ***** any ******* ** *** ******* (********* any ****** **********) ******* **** ********** Group ******** *** ******** ** *** at *** ****. ******** *** **** Blackstone ***** ****** **********, ***** ** no *** ******** *** **** * company, *** *** ******* ** *** “invoices” ** *** * **** *******.... That *******, *******, ** *** ** office ******** ** ***** ********** ******** operates. ******, ** ** *** ******** of * *** *****.
*** ******** ***** ****** ** *** Davis:
** *** ***** ********* ** *** Company’s *******, **** *** ********* * payment ** ********** *****, * ************ was ******** ** ***’* **** ** Blackstone ******* *** *****’* ******** ***** *******! ** ******* ** *** ***only Company employee notified of the transactions with Blackstone Group.
Mirage - $*.* *******
**********, * ******* ***** '******' ** alleged:
** ****** **** ** ** ******** to ****** *** *** **** *** first ** ********** ** **** ******* that ****** ******** **, ******, * mirage – ********* ********, ******* ********* or *******. *** ***** ****** *** agreement **** ****** ********, ***** ********* business **** ****** ******** *** ***** did ******** ** *********. **********, ***’* records *** ****** ** * ****** invoice **** ****** ******** ********** *** payment ** ****** $*.* ******* ** Company *****, *** ***** ** ** email ******* *** *** ********* *** Mirage ********.
The *** ** *** / ***** ****?
*** **** / ***** **** *** long ***** ******* ***** *** ******. However, ** *** ****** ****** ** have **** ******** *** ********, ** company *** **** ***** ** *** in ***** ** ***** ******* ********, so **** ** *** **********. ****** how **** '*** * ***' ***** investors **** ****** ** ** **** *** the ******** **** *** ******* ** worryingly ****** ** ***** ***** ***********.
***** *********** *** **** *** *** money ***** ** ** **** ** well, ** ** **** **** ***** from **** ** **** ** ***** Gray.
Comments (16)
UM
Undisclosed Manufacturer #1
Feb 13, 2017UM
Undisclosed Manufacturer #3
Feb 13, 2017UM
Undisclosed Manufacturer #2
Feb 13, 2017
UM
Undisclosed Manufacturer #1
Feb 13, 2017U
Undisclosed #4
Feb 13, 2017The Giant Gray goose is cooked.
UI
Undisclosed Integrator #5
Feb 14, 2017There already is a screenplay for this. Sounds like they need to call in The Accountant!
Luis Carmona
Feb 14, 2017U
Undisclosed #4
Feb 14, 2017Giant Grift.
UM
Undisclosed Manufacturer #6
Feb 14, 2017So, which company is the next BRS/Giant Grey? Knightscope?
JH
John Honovich
Feb 14, 2017So, which company is the next BRS/Giant Grey? Knightscope?
That's funny because at least 3 people have independently made that comparison to me recently.
I actually don't agree, mainly because Knightscope has a real product that works (at least the fundamentals, I am excluding the hidden gun detection, etc.) and the founders seem more legit than BRS.
However, the way inflated expectations and the turn to raise money from mom n pops does draw some parallels. But my read on Knightscope is that this is just normal Silicon Valley shoot for the moon type execution rather than BRS bs.
EV
Ed Vergara
Feb 15, 2017That's a lot of mom n pops to fund $100 million. But I know 3 business associates who invested in the company in the initial stages. What a shame.
JH
John Honovich
Feb 15, 2017But I know 3 business associates who invested in the company in the initial stages.
3? Wow. How sad.
San Diego seemed to be a 'hotbed' for BRS Labs investors. One person who contacted me saying that they were an investor said that they were introduced by a waiter in a super high end restaurant. Strange deal.
Sagy Amit
Feb 16, 2017Ray Davis has a brother that lives in San Diego and managed to recruit a lot of investors from Southern CA.
Sagy Amit
Nov 10, 2019I just received a letter in the mail reminding me of my two months affair with Giant Gray - Their attorney seeking to recover fees accumulated.
This affirms my belief that a product marketing manager, should be technically capable enough to test the product they promote publicly.
JH
John Honovich
Nov 10, 2019Sagy, thanks! What did the attorney want? Are any of the investors ever going to get any money back?
Sagy Amit
Nov 10, 2019It is a general notice offering anyone with any prior dealings with the company the opportunity to object to a motion seeking to recover lawyer's fees. There is a courtroom hearing scheduled for Dec 9, 2019 in Houston if you're interested, LOL :)