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you can have mine in the mid 0.003's again. just have the funds ready...
i don't get it. the q1 #'s should have been available already when they started setting up the in-house accounting at the end of April.
Another weak move...
you probably don't have to wait much longer. my guess is that he is using the share from the recent OS for promotion purposes so he can increase the AS
a few more flips and i have my money back:) BRAV will never be a penny again... sad but true
will BRAV be as proforma profitable as they had the 175% - 200% increase in sales in 4/2010?
waiting for the drop after AS increases to jump back in for a quick flip:)
glta
2 thumbs up for your post! Spot on. Just wait for the increase in AS
Muahahahahahaha! Gotta finance 7 employees (part and full time) somehow... Hahaha.
Incredible how easy it is to get the stock up and down for easy 30% gains:) sell high and wait for DA to dilute again.
Good luck fellas!
Hahaha
all the lawsuit against BRAV just confirm what good of a CEO DA is... and how honest and informative to shareholders...
BeachBum, i appreciate that you try to be the voice of reason for all us angry investor. i'm sure that you want to share your experience in those situations with other investors but first and foremost protect your own investment. in addition, you know that
BRAV will drop like a rock and there's not much you can do since i don't expect taki,you or others to be willing to catch a falling knife. I'm sure you will be trying to get more share at the new bottom...
furthermore, i'm a current shareholder who posts what i have in mind but i would be more concerned about the huge shareholders on this board that don't (beezer, lev, monica, pandora, loyalty, etc), if they think about selling even a part of their holdings only... oh oh...
2010 annual FS
i've never ever seen anything that poorly written. just look at the format, etc. this is a print out of quickbooks (cheap accounting software) nothing else. if any of my staff would present anything like that to me for review he'd get demoted! how can a company even release something like that? if you do something do it right! anyhow, that seems to be the story of BRAV, if you read through the first pages of the FS it reads like a list of failures all along.
manufacturing molds $32,700 (and now BRAV does not have money to stock up on inventory)
video film & media $589,599.05 (and not anything to show for)
trademark/patents $421,514.94 (looks way overvalued)
etc
how do you know if what he said about the first 3.5 months is true or not after what happened with the fs for qtr 4 2010?
not sure, but my recollection tells me that there wasn't an depreciation for qtr 1-3 (probably to make those qtr not worse then they actually were). they just caught up in qtr 4 for the entire year
u know what that means in plain english, right?
it actually says, the bravada elite line got developed for a lot of money but right now we do not have the money to stock upon inventory and market the line since the announced wholesalers don:t exist and we currently can't dilute any further due to the share price dropping like a hot potato
can't wait to mess around with you. my english may not be the best, but i'll express what i think about the stock starting on monday. it's better to show action than just talk...
i'm excited
don't you care that DA knowingly pr'd a wrong increase in sales?
who'd care about the current expenses if sales would be as hight as pr'd they'd be! the sales increase is a joke compared to what he announced.
as for the cc yesterday, of course he tries to cut as much expenses as possible now since he knows that he will not raise enough money through dilution in the future. i think that DA always thought he'd keep on diluting the sh!t out of BRAV but now realizes that this doesn't fly anymore.
pretty sure he issued all those shares lateley (55 mil) to keep BRAV going for a while. he
hahaha! i could kick myself for buying more today!
however, i hope you are more then just talk, if so i'd expect you to have (not only from me) 10 mil more shares at monday night. wouldn't give me a warm and cozy feeling
back it up coming monday
what, you do not see this dropping in the 1's on monday by noon? come on, you know the game!
i will. did put in a sell order for my entire holdings (a few mil). will pick up some in the lower 0.001's again.
if we would have 70k in sales and with this expenses, ok! but where is the announced sales increase?
another newly created account, brilliant.
however, how does a 13% increase compare to a pr'd increase of 175%?
Advertising
4,366.13
Banking Charges
2,978.66
Consulting Fees
40,089.00
Freight & Delivery
2,295.60
Legal & Professional Fees
10,678.00
Licenses & Permits
News / Press
6,540.00
Postage
1,432.15
Promotional
21,978.11
Rent or Lease
5,700.00
Store Rent
15,500.00
21.2K for Rent (how much was the robertson store again???)
25K for advertising and promotional (what for?)
6.5K for Press?
3.5K for postage/delivery and freight (what for?)
50K for consulting and legal fees? u gotta be out of your mind!!!
would it be legal for DA to raise funds the past few weeks to buy back shares when it drops next week?
i am. but do you really think i'm wasting my time looking at this garbage anymore?!
the accountant even declare a loss as net income. the entire FS looks like a 3rd grader did it!!!
selling my millions on monday
my guess is that DA raised cash the passed few weeks because he knew that the FS 2010 would be a desaster and make this stock tank!!
are you kidding me???!!! my eyes start bleeding just looking at this report!!!
what is going on?
just respond to one of Beezer's posts. he can explain it to you better than (i think) anyone could.
i like that he told us straight out that a brick and mortar store expansion is not happening until the company becomes profitable. it's good that he slows down a little bit to do things right and with some time to think about it. also, he walked us way better through the cc then in in the past, focusing on the facts, the current situation and not building any castles in the sky.
oh... cleaning up the balance sheet. i like!!!
that was me. good post now with hindsight.
but, a) let's see if the fs will be released today first
i have to admit that i was wrong and that you are the best thing since sliced bread
can't wait to see the payroll expense brav has on their books. 6 employees plus in house accountant to start in the last week of april...
i don't get, what more important stuff could DA have to do right now then releasing the FS for shareholders?
hopefully the so often mentioned disclosure to the fs will stat were all/or a lot of the dilutive shares went
Question: after this cc, does anyone have an idea what DA is using the 55 mil shares for that recently got diluted???
it can't be bravada elite, etc anymore!
it is! hopefully we didn't pay them in advance
come on, tell us about bravada elite:)
missed the boat on TECO. should out louder the next time!!!!
invisible financial statements... not sure if LULU can even do that;)
yes, just a little late as usual, haha
we'll find out shortly:)
of course i expect them to be released today!! if it really happens is a different story.
it's not that BRAV is famous for holding due dates, unfortunately
i dreamt last night that we close at 0.0016 today, seriously! not sure if i noticed the 10k as well in my dream tough:(
FEEL - not sure how they plan to minimize all their operating expenses even with revenue growth to 2M, this has "going concern" written all over it...
would like to see what all the rendered professional fees were for... just not looking good imo. they better start selling all that inventory
will take a small loss in feel and move on. was worth playing though! will buy back in the trip zero's