Byrn, Inc.
AI Executive Summary
AI-powered analysis of 10-K filing content
Byrn Inc. exhibits severe corporate governance red flags including a 6+ year dormant period, court-appointed custodianship, and extreme ownership concentration. David Lazar controls 21 billion voting rights through preferred shares with super-voting provisions, creating massive dilution risk for common shareholders. The company appears to be a shell entity with questionable operational viability.
Red Flags Detected (8)
Company was dormant from March 2013 to December 2019 (nearly 7 years)
Court-appointed custodianship via Nevada Court order
Single individual (David Lazar) serves as sole Director, President, Treasurer, and Secretary
5 more red flags detected
Key Takeaways
Company structure suggests potential shell corporation status
Extreme dilution potential threatens common shareholder value
2 more takeaways
Filing Overview
What This Means
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Annual Report: Comprehensive filing covering the full fiscal year with audited financial statements.