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I think the buyers are paying for the delivery service. However you know Baristas will trump the gross sales of the snacks even though they are earning only the "Margin" sale of each item.
Example: Customer buys Nacho's for $5.00
Baristas has to pay market $4.00 for Nacho's
Baristas books $1 profit for bag of Nacho's.
How many units of all the items can they sell monthly? 1000 units? 10,000 units, 100,000 units? Is the margin even $1 per unit?
Still waiting on the financial reports which are late as usual and will probably have more questions than answers.
It's all there in black and white. Unless you think Barry is fudging the financial reports as well?
I would try the White Coffee, BUT:
What are the margins on reselling snacks, after paying delivery drivers?
I'd guess those margins are tiny, or negative, and while the coffee might be good (anyone tried it?), Ben & Jerry's is overpriced even when it's sold at a discount at Walmart...
FUGLY:
Cash-on-hand, 31 Dec '19 and '18: $0 and $81
Accumulated deficit since inception of $16,458,614...
For the foreseeable future, our operating plan is dependent upon both the ability to conserve existing cash (there ain't none) and the ability to obtain additional capital through equity financing (Continued dilutive share-issuance).
GLTA
Any idea what a "location" looks like?
Baristas Coffee Company/Munchie Magic (OTC PINK:BCCI) added an additional five locations over this week bringing the total locations open from 26 to 31. https://finance.yahoo.com/news/five-more-baristas-munchie-magic-122200292.html
Someone wants in big..
That was a million share bid and no takers. Great sign.
Always good times here. With all the activity at RLTR and the new locations now more than two new a week and there will be good times.
lol What.. You have no clue
Paying employees, consultants , and vendors in shares constitutes dilution.
Ceo says zero dilution.. Huge bid in before update.. Remember their is always a mouse in the house imo
The company is later than usual with it's quarterly report. Guessing that they are close to 185-190 million shares outstanding right now.
Pretty steady dilution machine:
12/31/17 121.3 million O/S
12/31/18 130.8 million
12/31/19 162.8 million
04/24/20 175.4 million
With revenues of $10K per quarter, it's understandable why the share price goes nowhere.
There is always "big news" with this company. Unfortunately they also always overexaggerate things to make them appear WAY bigger than what they really are. Like claiming to have a deal with Ben & Jerry's (and by extrapolation Unilever) when in fact they were only reselling ice cream thru their app that were actually bought and resold by third party small markets and convenience stores.
Where did you hear that?
Hearing some big news coming..
Way overdue for another runup Barry, still waiting for you to replicate that monster run in 2010, hopefully before your next R/S
You can do it lol
Yeah it was a joke.
Same as the company.
I'm more familiar w/ DoorDash UberEats & GrubHub than most folks, but lets not confuse the issues here
BCCI is a nice little neighborhood business that takes advantage of the weed-produced munchie-economy, while over-charging stoned customers and taking advantage of poorly-compensated 'contractors' who work without a contract.
BCCI as a public company is a joke - no offense.
Yes we all know who you are.
GL
Yes, but they do not pay rent, employees, product cost, utilities, delivery, etc. so every single transaction contributes directly to the bottom line. And if a location does not work then they do not need to liquidate or r inventory, buy out a lease, or offset losses.
You have no clue what so ever. The kids on bikes are grown adults who drive for DoorDash, UberEats, and GrubHub. I have ordered and it does work. The new generation is not concerned with paying an extra dollar to get ice cream delivered at 1 am. Look at the stats on third party delivery.
These aren't "locations", just kids on bikes
Go ahead, order some overpriced snacks and some sodas if you happen to live in a served "location"...
Don't forget to tip the delivery kid
Let's see some revenue and profit numbers. They are severely delinquent. You will have to remember that the company's net revenue from Munchie Magic is just the spread between what they purchase the product (ice cream and chips) for and what they sell it for which probably isn't more than 10-15%. They are a middleman in these online transactions. The big question is do they pay the UberEats/DoorDash commission or does their contracted market pay it? I'm guessing Baristas does.
BCCI,I never lost trading it,should run good on revenue news
$BCCI $RLTR Baristas Munchie Magic Doubles Locations over past 30 Days from 12 to 24 Delivering Ben & Jerry's and Snacks to Customers https://finance.yahoo.com/news/baristas-munchie-magic-doubles-locations-123500786.html?.tsrc=fin-srch
I guess the word is getting out but not sure what it all says.
If RLTR is moving even a little then BCCI is not far behind. SAME CEO.
Next week and the week after are make-or-break weeks for this chart.
I stand by my earlier post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156221593
Whole lotta nuthin'
They need to get their $hit together.
Like clockwork, the stock is heading back to a penny. No sign of quarterly report which I think was due yesterday even after a two month extension.
Why not with that name Munchie Magic i think they should start selling and delivering bud!
Been away. Sitting on 50,000 at .0169. Are we in a new "uplifting" cycle? Worth hanging onto or dumping for even? Starting my reading now...
I have my suspicions!
Something ain't right
Go to BCCI's website and attempt to order something.
So this is a home-based delivery service for candy bars & sodas bought in the supermarket, or COSTCO?
And Munchie Magic doesn't even show coffee available for delivery...
Why is there such a prominent link on the website to otcmarkets.com?
After reading thru all the recent SEC investigations, I'm wondering which poster here is actually Barry?
GLTA
News 12th location:
12th Baristas Munchie Magic Location Delivering Ben & Jerry's and Snacks to Customers Homes Opening in Mountlake Terrace, WA Since COVID 19
Tuesday, June 9, 2020, 7:34 AM ET
SEATTLE, WA / ACCESSWIRE / June 9, 2020 / Baristas Coffee Company/Munchie Magic is opening its twelfth new location since Washington State issued a statewide stay at home order on March 23(rd) , 2020. The newest of the rapidly expanding Munchie Magic virtual restaurants that delivers Ben & Jerry's ice cream and other snack foods through its third-party delivery partners Uber Eats, GrubHub, and DoorDash, serves the greater Seattle areas of Mountlake Terrace, Lake Forest Park, Brier, WA and surrounding areas.
This marks the twelfth new location opened since the order took place. Munchie Magic has been designated as an essential business as it supports the supply of foods and other goods to the consumers who are staying at home. The new "Pick up Point" is near the 1-5 corridor the Mountlake area of South Seattle.
Barry Henthorn CEO stated: "The new location is in the heart of Mountlake, WA and serves a dense residential area which is critical for the evening and late-night consumer as well as a strong commercial community that has been ordering during the lunchtime rush as well. We will continue to expand as we are constantly looking for the right partners and locations."
Mountlake Terrace is a suburban city in Snohomish County, Washington, United States. It lies on the southern border of the county, adjacent to Shoreline and Lynnwood, and is 13 miles north of Seattle.
The media buys and other cutting edge marketing for the Munchie Magic virtual restaurants designed to deliver Ben and Jerry's ice cream, Baristas Coffee products, and other munchies to homes and businesses throughout America are made possible and are being created via digital media frontrunner ReelTime Media (OTC PINK:RLTR) www.reeltime.com whose capabilities are redefining how companies are evaluating and purchasing their TV, radio, print, and other new digital media.
About Ben & Jerry's: Ben & Jerry's is an American company that manufactures ice cream, frozen yogurt, and sorbet. It was founded in 1978 in Burlington, Vermont, and sold in 2000 to British-Dutch conglomerate Unilever. Today it operates globally as a fully owned subsidiary of Unilever. Its present-day headquarters is in South Burlington, Vermont, with its main factory in Waterbury, Vermont.
About Baristas Coffee Company/ Munchie Magic: Baristas is a publicly-traded national Coffee Company that is recognized throughout the US. It is the majority shareholder of Munchie Magic, Inc. which manages the virtual restaurant which delivers Ben & Jerry's ice cream, Baristas Coffee, and other snack foods via third party delivery partners. Baristas currently produces and sells coffee related products under the Baristas brand. The Baristas White Coffee single-serve cups compatible with the Keurig 2.0 brewing system is the bestselling product in its category. Baristas also markets other coffee-related products. Baristas gained mainstream exposure when it became the subject of "Grounded in Seattle" the reality show special feature which aired on WE tv. It has been featured nationally including during Shark Tank on CNBC with Front Montgomery, CNN, ESPN, Food Network, Cosmopolitan Magazine, Forbes Magazine, Modern Living with Kathy Ireland, Sports Illustrated, NFL Monday and Thursday Night Football with Megs McLean, at NASCAR Races, The Grammys, NBA TV, and other notable media.
CONTACT:
Barry Henthorn
barry@baristas.tv
SOURCE: Baristas Coffee Company Inc.
View source version on accesswire.com:
https://www.accesswire.com/593245/12th-Baristas-Munchie-Magic-Location-Delivering-Ben-Jerrys-and-Snacks-to-Customers-Homes-Opening-in-Mountlake-Terrace-WA-Since-COVID-19
(END) Dow Jones Newswires
June 09, 2020 07:34 ET (11:34 GMT)
Even if revenues per store were low, at this rate of opening new locations it will add up.
The company is very good at selling stock, hopes, and dreams.
Product? Not so much.
Typical pinkie imo.
OK, nothing on baristas.tv worked
Wasn't able to order any product, so wasn't sure what the point was. It does have a unusually BIG 'otcmarkets' link fwiw...
Hadn't heard of munchiemagic.
Thanks
Love to see .10 again ! Actually would be happy with .05.
And still very unknown in the stock world.
Of course many times. Go to www.munchiemagic.com and www.baristas.tv The MUnchie site is not how people order. It is just an identification site at this point Yu order through Uber Eats, Doordash, or Grub hub.
Should go if it can get through .02
11th location news: https://www.otcmarkets.com/stock/BCCI/overview.
Anyone been to website?
Has anyone tried to buy the product FROM the website?
What was your experience like?
Maybe none of the above matters...
BCCI...02...High of the day close as the 50/100 crosses and heading towards the 50/200 cross...off my .0134 alert...
georgie18 Tuesday, 04/28/20 06:36:37 AM
Re: None 0
Post #
44940
of 44992
BCCI...0134...Inverse Head N Shoulders Reversal Pattern to the Upside setting up here...Looking for a Break/Hold of the .0015 range Resistance Neckline...A/D Line/Money Flow both strong trajectory...Aroon showing Upside Trend Reversal...imo...we shall see...
Chart...http://stockcharts.com/h-sc/ui?s=BCCI&p=D&yr=0&mn=8&dy=10&id=p06421140336&a=744659693
Year after year indeed!
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