Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

Franchise fees reported as revenue in Q4 2014.

The fact that the franchises weren't announced until 2015 would seem to be withholding of very material information; if they knew enough to take revenue -- there is a high barrier for that -- then they knew enough to announce it.

However, they may have larger problems with BMOC. The franchise fees were not paid as of June 30, 2015 -- and look to have grown, as it would seem there may be outstanding royalties, as well.