Wednesday, September 16, 2015 6:19:26 PM
As I read the day chart that BCCI shows with posts:
- About $15K in total trades today.
- Except for a $600 trade at the close, the stock would have been down 5% on an overall 'green' day.
(As always, open to correction, chart reading not my expertise).
IMO, investors are still waiting for news on the BMOC relationship (significantly overdue franchise fees, New York JV, etc.) or perhaps on the K-cup coffee project.
Absent something new and cash generating, the company is 'on the edge,' with Accounts Payable and Accrued Liabilities approximating three years of coffee kiosk revenue at June 30 2015 -- and the number of open coffee kiosks has dropped by 25% in the last year or so (closure of Arizona and SW Florida).
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