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Since he raised the A/S 300M, and the price is almost as low as it can be, he should promo it to maximize this increase.
But with Rico you never know.....
EXPU A/S 1B.
Very possible. Rico needs to hold at least the 3's if he wants to keep his funders imo. My guess is it will have a mini pop or two for them to unload the 300M shares by year end.
You guys sitting at .0002 might want to be careful. Rico can see that there are 144M shares there. That's $28,800 dollars to the funders and $14,400 for him.
Just sayin'
It's the shares that are DWAC eligible, not the TA.
"Under STC's system, a clients request for DWAC and original issuances are submitted via faxes or e-mail. Issuer requests are processed with physical certificates being issued.
For DWAC requests, STC matches the broker's instructions and the issuer's request. Upon matching instructions, STC will process the DWAC transaction and credit the appropriate brokers account. The instruction letter must include the following:
The receiving brokerage firm's name
The DTC number of the broker
The exact name of the account that is to be credited plus the account number.
The instructions MUST also include the name of the clearing firm originating this transaction plus the phone number and extension. And instructions that the shares are to be DWAC.
Once the paper work is reviewed and deemed to be complete the original issuance is processed with the new certificate issued in the name of Cede & Co.
At this time, the new certificate is then given to the processing department for matching of the shares with the entry on the fast system. Please note that this system may only be used by issuers and clearing agents or brokers and the DWAC's may be processed for original issuances under registered stock options, incentives, or employee stock purchase plans, conversions of warrants or promissory note conversions. Shares to be issued other than pursuant to such registered plans may not be submitted for DWAC."
Sarcasm dude, try and relax and stop taking everything literally. Geesh.
The CEO said it? LMAO, I guess it must be true.....
Because I do know how dilution works....
Anything is possible in pinkyland but the truth is they get their shares free trading the same day they are issued. Why on earth would they want to buy pinky shares and have to wait 3 to 4 days? Makes no sense. They would risk the shares going below their discount and lose money.
Doesn't work that way no matter what some say....
Oh my God, seriously? Let me try to teach you how this works in the real world.
"The company issues the stock through a legal opinion given to their TA. The TA then sends the shares (DWAC) electronically to the DTC with the instructions as to who gets them. The broker of the receiver goes into the DTC system and claims the shares into the trading account.
No clearing of paper cert necessary because the DTC has cleared them electronically."
If people are going to trade pinks they should at least understand how dilution works......
capiche?
Who says the funders certs have to be cleared? Not true, Investment 101.
Information from sources who think they know everything is by far more dangerous than those who blatantly misrepresent.
Sorry but it is much more realistic and likely they get sold immediately. The funders typically negotiate a price somewhere around a 50% discount of the closing pps the day before they purchase these shares. No way would any of these funding clowns want to wait 4 days for a pinky certificate to clear before they could recover their money. A PPS could easily tank by then and they would risk losing much of their investment. These guys are only doing this to turn a quick profit which is why they never hold these shares.
Trust me, diluted shares start hitting same day issued in most cases.
Read my comments slowly to better understand it. Geesh already. Again graphs are usually misleading because they use limited information to portray specific things and often neglect painting a clear picture of reality. They are always misleading if they are drawn by someone with only a cursory knowledge of business which can be dangerous to those who put to much faith in them.
Now a graph of Bravada's cash flow and net profits would paint a much better picture for us.
Not true. These funders can usually sell their shares the same day they are issued and we can't confirm it with TA until market closes.
I am caught up thank you very much. I was agreeing that graphs can be made to skew real facts to make whatever point someone wanted. It just depends on the information used (or not used). Point in fact is showing a graph of Bravada sales ond COGS as proof the company is having positive growth yet these graphs fail to show any increase in inventory and additional expenses associated with the increased sales. A more useful graph would include cash flow for these quarters. Trying to forecast positive growth based upon limited information is misleading.
Projecting dilution for pinks by using a graph is laughable as well. Rate of dilution is also effected by A/S (which we are approaching) as well as pps. The more likely reason for the lower dilution rate is the higher pps we have had this quarter. Try adding the pps to your dilution graphs if you want a more accurate graph. As the pps declines the dilution rate increases for most pinkies making the two closely related.
Bravo! I couldnt agree more.
I am guessing its not you there cause I believe you would have pulled your offer before they could chip away at it like this.
Etrade has backed off but not AUTO
LOL, Did the Lion just cut off our BRAV flipper with a 2M wall at .0042?
Good move if it is you. Cut them out and hopefully company puts out some solid news as well.
Etrade hogging bid and ask again.
What news.....lol
Looks like he might have moved out of the way. Or he is waiting at .0039 hoping to get lucky.
Low volume on BRAV today. Maybe they will let it breathe after all. Retail stores are already seeing an early jump on holiday sales so surely Bravada is seeing this as well. Hopefully he keeps putting out updates.
He said he got them and wasn't selling them.
"I got my 3 mill at 0026 and 0031 and they are not going anywhere,just can't be leave anybody wants to sell at this price"
LOL, thats because of the many posts discussing the emails over the weekend.
I am still a bit surprised Rico is not releasing news like a bat out of hell to get the pps up. Very out of character.
LOL, You crack me up.
Conversation over, make us some more BRAV graphs please. You are quite talented at that. Use whatever information you like, who cares if it is factual.....
Disputing your facts is part of it. Trying to explain your misinformation was my only mistake.
Been trading a long, long time buddy and know how these CEO's are. To question them is prudent. To blindly follow them is ignorant. To mislead others by twisting facts and misrepresenting information is unexcusable.
My history speaks for itself.
It always amazes me how clueless so many people are here in pinkyland. BRAV has all this good news but can't seem to hold the 5's and yet nobody questions the company.
Unbelievable.
Hilarious.
I have heard it all.
Distorting statements doesn't make facts. Drawing graphs are pretty much worthless without a basic understanding of businesses in the real world. (as opposed to the make believe world in pinkyland).
I'll take my facts over pretty graphs anyday.
FWIW, its hard for some to see facts when they are distorted by agendas.
And by the way financials uploaded to the OTC Markets website doesn't give them instant credability. It just gives them limited information status or current information status. They aren't exactly audited to the Nasdaq standards. Thats why it is a pink sheet company. So your facts are based upon what the CEO of a pinky company has signed off on and filed. Not the most reliable source is it?
LOL. You're right. And got piled on for saying Bravada doesn't need to have such an aggresive growth stategy. It just spun out of control from there...lmao.
Part. But its a moot point. I said it was good business to keep them up there. I could care less how they got there so long as it stays.
LOL, I tried saying this and it didn't go over very well. (LOL)
And we all know how hard it is to make a company look good on paper.
Wow.
Tell you what. As part of your immense DD here, how about you call google and then get back to us? Be sure to include a pretty graph.
Of course. So you think 4800 people linked them to facebook?
That's pretty farfetched imo
4800 links pretty much proves this. Not a bad thing just don't want anyone to mislead people that it was excitement by customers that put them there.
WOW, go back and reread my comments before putting words in my mouth.
Dilution is the reason for my caution, plain and simple. Dilution did happen after that orchestrated news after runnup to 8's. FACT.
My original comments were that opening new retail stores would require a huge investment in inventories as does the increased demand expected for their internet sales this holiday season. FACT.
Huge increase in inventories is an asset after its bought. Never said it wasn't. Said this would have a huge impact on cash flow, which it will. FACT
And questioned their aggresiveness at opening a bunch of new stores right away because of this need for inventories to start them up. I do see this decision as a negative and only a fool wouldn't. FACT.
Never said google was a magic pill nor did I say it wasn't. You coined that one BUDDY. You said that organic searches could not be bought, I said they could and the 4800 links proves they paid for it. Good business decision since their internet business could be big. FACT.
To soon for anyone to say BRAV has a succesful business model and so franchising this is ridiculous to even be in the discussion right now. FACT.
See where I am coming from?
You do make pretty graphs though......
Never said it wasn't good business to pay these people to get your website to show up on the first page. I don't go back more than a page or 2 myself.
I said it was misleading to tout that the company was there because of excitement over their leggings.
Huge difference.
I called somebody out on this but it got lost with their constantly changing the topics of discussion.
LMAO, you go on believing that 4800 companies have decided to link their websites a pinksheet company. Kind of like saying "cost of goods sold = mostly inventory", right. LMAO
You can lead a horse to water....
Man you are all over the map today. FWIW my last average down was at .005. I said I was done doing that until I see their next move. Since pps has dropped and new shares have hit since this 1000% increase you speak of I think my caution is justified.
Draw me another pretty graph and maybe my cautious approach will disappear. Nah. I'll wait until you understand COGS, cash flow and Google better and can put up a real graph supported by facts instead of misinformation.
LOL and by those 4800 sites linked to them. Why do you think they are linked to 4800 sites?
Wow, unbelievable.....
I'll type this slowly.
All of those links help move them up the pages. 4800 sites linked just proves what I stated. You think they didn't pay for this? Seriously?
As for the boardmarks, FYI I was referring to all the boardmarks on IHUB for BRAV. Each time one of us types into a search engine to confirm their postioning we help keep them on top.