Responding to BRS Labs Demands

Author: Carlton Purvis, Published on Jun 20, 2013

Earlier this month, we read a BRS Labs document detailing the company’s historical performance and future plans. On June 10th, we reached out to BRS Labs' media contacts to discuss the information and gather feedback. Instead, BRS Labs' CEO Ray Davis called us demanding to know who showed us the documents.

In a follow-up conversation with John Honovich, Davis explained how his business associate conducted an investigation into John's personal life, contacting classmates, roommates, friends and landlords from 15 to 20 years ago.

The Letter

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Comments (6)

So, if he was smart, he wouldn't have mentioned the unique marker data in the document, instead asking if you could just send him a copy so he could verify the information was fair and accurate, and he would have had a better idea of the source.

And now you know to look out for that kind of thing in the future if you already didn't know.

Interesting that the C&D letter refers to 'company financial information' listed on this 'Memorandum' they don't think you should have legal possession of.

Interesting because it says - in reference to the numbers from the Memorandum - "the majority of which has not been reviewed by its auditors and is not to be relied upon".

If these numbers are not to be relied upon, then why were they listed in a Memorandum intended to convince 'qualified investors' to invest in their offering?

"If these numbers are not to be relied upon, then why were they listed in a Memorandum intended to convince 'qualified investors' to invest in their offering?"

It's a good question.

What, no "boilerplate" on the Memorandum to the effect that it is "forward looking" and should not be used as a sole source for investment decisions, or something like that?

“Davis explained how his business associate conducted an investigation into John's personal life, contacting classmates, roommates, friends and landlords from 15 to 20 years ago.”

Are these thug / bully-boy tactics? Not the sort of thing you would expect the BRS Labs' CEO Ray Davis or any other CEO to say!

I am waiting for the American Greed show to come out on this company. How can they continue to raise millions and millions from unsophisticated "investors" while the loose money year after year and contracts continue to be cancelled. Just doesn't make any sense at all. I think I saw this once before in a movie called The Boiler Room.

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