interesting developments ~ only around 4.5 million shares free trading. after 300/1 RS there was only 1.8 million shares or so. 40 million restricted between management and any extra purchase by and insider 1.6 million share. so 4.5 million issued between 2017 and present day. 2023.
This additional 4.5 million most likely purchased in the low single digits , but actually some maybe around .25. So far 2 million shares have traded since the completed transfer of ownership. The new management + 12 investment groups paid $600k for the shell and the 40 million restricted shares+ the treasurer owns 1.6 million shares that he purchased. Again leaving some 4.5 million free trading shares.
It is obvious that most of the sellers just want out, but of course as the price rises the new buyers become sellers.
It is also very obvious that the new buyers have a strong appetite for shares.
The upper management is a well known Hollywood movie executive that has a well known track record for very successful movies.
In my opinion , the players wants this stock price higher so as to complete an acquisition using valuable brvo as a currency. I also assume the target may very well be a movie production cmpy or some other media related entity. It may be profitable and since BRVO has a $90 million accumulated deficit ( $2 dollars /share ~ NOL) This amount could easily be used to offset income and i mean a lot of income.
Of course this shell has had a huge advance in a very short time, but there are many actual investors in this shell and they have many friends and it has gone somewhat viral .
Management has moved very quickly ~ did the acquisition, filed all the needed doc for the SEC, did a pop-up website all within a month and brought in enough buyers to move the stock to .80 in 1 1/2 months times. I believe that LOI will be forthcoming soon and could easily move this thinly traded shell to new and sustainable heights.
What an amazing Parabolic run BRVO is having. Happy for my 3 friends that have been stuck in here for years.
Like the saying goes...Every dog has it's day :)
Thanks Anthazar !!! Good possibility ....
If it ain't BRVO, maybe it's Bio, that's how it looks to me.
Ok thanks, now that they are not dealing with brvo, i guess the reverse merger to become current with brvo is out of the picture, do you know how they will become current ?
They have always been with Element, nothing more to read into it, I guess they're not dealing with BRVO.
Are they staying with ELGL ? How do you feel about that news ?
Hi Anthazar, any impact on ELGL ? Are they still on the Board of ELGL?
What are u showing us here ?
Hi Anthazar, it’s been a while !!! Anything on ELGL ???
BRVO...15...Looking to add in the 200ma range...Last move ran to .55...expecting a $1 move on the next leg...imo...we shall see...
Chart... https://schrts.co/vsxrNmfD ...
Held at DTC
It seems some type of film business movie company
That does not align with BRVO press releases
I hear it's merging with that dog PRED. Pred board posted today by Anthazar. One of the gang of the group of shell tickers.
Interesting, PRED and BRVO, maybe the rumors are true...
New lol been in this for 5 years I PERSONALLY HATE THE GUY
thanks but he is a joke, as everyone already knows, you must be new.
Call rich kieser he handles there IR
OTC is all about volume. $30,000 to $50,000 traded a day is insignificant, regardless of the action. Appears to be an impressive team who simply want to play games versus growing a meaningful company that creates shareholder value.
I had a feeling you would pop up here again :)
Tiny float and just a chart bounce, news could send it!!
Sucker is going to dollars
BRVO...50 on the ask here...:party:
Looks good maybe we see a buck fast
BRVO...31...Broke through strong Resistance in the .19 Range...Looking for a Double Top Breakout in the .45 range...imo...we shall see...
Chart... https://schrts.co/cdGgDARK ...
georgie18 Sunday, 10/11/20 03:13:57 PM
Re: None 0
BRVO...1099...on the volume spike...Merger/Domicile change...
Todays high is 52 week high imo
What is the 52 week high ?