Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

Revenues have NOT been growing. Q1 14 DOWN 15% from Q1 13, and that was AFTER Q1 13 was restated downward by 15% from what was published last year. Kiosk count has only gone from 8 to 10 in the last two and a half years, with entire states closing down (TX, AZ). Most concerning, the third SW Florida kiosk announced on Jan 22 as opening early in Q2 has apparently still not opened

And, the company's recently issued financial statements showed losses the last two years rather than the previously announced profits, indicating major accounting issues. A June 17 PR announced that audited financials -- perhaps including further revisions -- would be published within 7 days as part of a registration statement, but nothing yet.

Revenues should grow dramatically with the new themed sports bar -- but question is whether it will be profitable (third attempt at this location in a couple of years). Hopefully so with the new format.