Brainybrawn Inc. (OTCMKTS:BRNW) Becomes A Laughing Stock

Some very optimistic news about Brainybrawn Inc. (OTCMKTS:BRNW) hit the web yesterday to push the ticker up to a great start – but when it turned out it was all false, BRNW ended up losing 69.57% of its market value by the end of the session.

BRNW flat-out denied all the information that was published in the earlier press release. All of it.

Apparently, it does not have any deal of any sort, nor a working relation or partnership of any type with Microsoft India. It will not be supplying 53 hospitals with its product, and neither will it get $9.2 million of recurring revenue, nor will it reduce its authorized shares from 2 billion to 750 million.

To say that investors got upset over what happened would probably be the understatement of the year 2015. Still, it would be fair to say that anyone who got burned in this case did so because they were reckless with their blind gambling on dubious stock. Why?

Even a single stray cursory glance at the company’s financials for the last reported quarter would have told them that the news published by AccessWire was suspicious, seeing as how the last time the company reported, it had just $ 3.6 thousand in cash.

BRNW‘s achievements to date are mediocre – there’s no two ways about it, and claims as bold as those in the press release should have raised suspicion.

So, what are we left with, at the end of the day? A mediocre looking company’s ticker spiked on news that were announced to be false. Investors are now rightly angry at and suspicious of anything BRNW related, and seeing as how many of them got burned in this latest fiasco – they have every right to be.

Long story short – BRNW‘s name was never all that popular, but now it is tarnished, perhaps – irreparably. Seeing as how that’s the case, it wouldn’t be surprising to see the ticker crash to four zero illiquidity before long.