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You have no idea what you're talking about. They would have kept everyone staffed if they were going to file Chapter 11. They wouldn't have issued the warants at .04 either. For you to suggest that they bail out with Chapter 11 has no merit and I'd appreciate you posting only after you have pulled your head out.
Their strategy was "first to market". They wanted to rush their products onto the shelves before every company (including Nestle, Yoo-hoo, Dean foods) figures out that milk products can come in more than two flavors (i.e. chocolate and strawberry). The strategy was intelligent but executed very poorly.
Bankruptcy is not consistant with two quarters of poor management. The product can sell its self with a shred of competent guidance.
10K on April 2nd.
>>>What part of "failure to execute a business plan" don't you wishin' and hopin' speculators understand?<<<
Why start off as insulting? None of us made you lose money on BRVO. You did. You lost yourself money.
>>>What is sensational to me is that Bravo would cut production at Jasper that ended up in nearly 3 million in penalties when they had been trying to build capacity to meet orders. They evidently felt that, even with shelf stability, they weren't going to be able to move their product.<<<
The Chief Marketing Executive and former CEO clearly underperformed. No one is disputing that. They (and others) no longer work for the company.
Also, the products are new. They are still making a name for themselves. Success doesn't happen overnight. I consider it growing pains.
The issue is addressed in the 10k….
“… We incurred $2.8 million in unused capacity penalties as a result of our manufacturing agreement with Jasper Products. These expenditures were a necessary byproduct of our strategic plan for securing additional capacity in the limited FDA approved shelf-stable plant arena. At the time that increased capacity was secured, however, the need for extra capacity that we anticipated would exist from a ramp-up in sales, had not materialized. We expect these penalties to decrease in 2007, as our sales volume increases.
>>>The list of bungles is not worth enumerating if you are new to the story this year, but re. HOOD and the take or pay provisions from 10KSB p.18
"...a $1,000,000 escrow security deposit associated with the HP Hood manufacturing agreement. The deposit, contractually owed upon the signing of the agreement, and which will be paid once significant production commences, is to secure the company’s obligations to purchase or pay for products or make any required penalty payments." <<<
It’s a security deposit. It’s a one time fee.
You’re right, too. Although you have not sited any examples, a list of “bungles” from over a year ago would be completely irrelevant to current investors. (Considering the current PPS is a little different now than it was last year).
>>>Originally, Hood production was supposed to come online in the fourth quarter of 2006, but the 10KSB now says:
In September 2006, we executed a six-year non-exclusive production agreement with HP Hood LLC of Chelsea, Massachusetts, for the production of our products through 2012, with production commencing in the second quarter 2007. The contract specifies annual production volume of 70 million bottles. p.7<<<
I’m OK with this. They signed the contract in September, production will start this summer. So, what? Why does this have to be reactionary???
How can you complain earlier about BRVO over producing with Jasper and then complain about them delaying production with Hood? They had hoped for more sales last year and they didn’t meet their goals. It seems like a wise business choice to delay production with Hood until the company can sell more product. Again, this was one of last years “bungles.” It’s irrelevant considering the current PPS.
From the 10k….
In September 2006, we executed a six-year non-exclusive production agreement with HP Hood LLC of Chelsea, Massachusetts, for the production of our products through 2012, with production commencing in the second quarter 2007. The contract specifies annual production volume of 70 million bottles.”
>>>If you have the inclination to to dig into what the penalties are, then read that 8-K.<<<
There is nothing stating a set amount per bottle. And, you are assuming that the products will continue to be backed up. PREVIOUS MANAGEMENT UNDERPERFORMED! THEY WERE TAKEN CARE OF. Now we can move on.
From the 10k…
(Regarding Hood)Under the terms of the agreement, the parties
have agreed to annual volume commitments for the ordering and production of our various lines of shelf-stable, single-serve flavored milk beverages. The agreement incorporates per unit monetary penalties for unused capacity by us. The penalty shall be adjusted annually based upon a formula indexed to a defined series of the Producer Price Index for Total Manufacturing Industries.
>>>Maybe the reward for a potential turnaround is lurking there somewhere, but the recent financing was like a bandaid and the company needs a lot more money, just to meet their obligations on the various note debt services, so I see the risk still outweighing the wishin'.<<<
Yes, the financing WAS a bandaid. The firing of the CEO and CME was also a bandaid. Cutting half of management was a bandaid. The PPS dropping over 80% was a bandaid. This upcoming conference call will be a bandaid. The future hiring of a competent CEO and CME will be another bandaid. Expanding the product line is another bandaid… Do you see where I’m going with this? If you use enough bandaids, eventually the bleeding DOES stop.
>>>They are probably stressed to the max just trying to keep the ship afloat.... I was long BRVO when the shares O/S were just over 100 mill. It won't be too long until they have to up their authorization from 500million to a couple of billion imo.<<<
I’m tempted to thank you for at least putting “imo” at the end of this silly dribble. However, a distinct “IMO” in capital letters would have warranted a more transparent and respectable approach. So I will only commend you for your honesty in stating you were long and, thus, most likely lost a bunch of money on BRVO. That makes me happy a little. Also, you are admitting why you have such animosity for BRVO and explaining to our board that you are a poor decision maker all within the same sentence. That’s great. This section explains a lot. Like I wrote earlier; You lost yourself money. Not Bravo, and not us.
>>>good luck
I'll be listening to the conf call, as I always do, in hopes of a miraculous sign of resurrection.<<<
If your opinion of the company is so negative, why bother? You already have an elementary knowledge of the fillings (although believe you are skilled enough to spot this company as a loser). There are plenty of other boards/companies to bash that require the same lack of intent to buy.
>>>I don't recall that Roy kept a finder's fee. If you could point to that documentation I'd appreciate it.<<<
For the 3rd time in your argument you are citing old news. The finder’s fee was a one-time fee. I don’t know who got the finder’s fee. If it was Roy, good for him. He's fired now, and hopefully the "finder's fee" was part of the reason. BTW, the Coke deal is worth a whole lot more than the finder’s fee.
From the 10k…
“We recorded a $3,000,000 one time, non-recurring finder’s fee in connection with our execution of the MDA with CCE in 2005. We did not incur similar costs during 2006 and do not expect to incur similar costs in the foreseeable future since our business opportunity with CCE is expected to be further developed over that period.”
Bravo! Brands Inc. to Host Investor Conference Call
3:52p ET May 11, 2007 (PR NewsWire)
Bravo! Brands Inc. (OTC Bulletin Board: BRVO), a brand development and marketing company that promotes and distributes vitamin-fortified, flavored milk drinks and other beverages, announced today that it will host a conference call on Tuesday, May 15, 2007 at 4:15 p.m., Eastern Time to discuss First Quarter 2007 financial results.
To participate in the conference call, dial 877-407-9205. International callers, please dial: 201-689-8504. No Passcode required.
This call will be webcast and can be accessed on the company's website at http://www.bravobrands.com in the Investor section under the "Investor Conference Calls" tab or at: http://www.investorcalendar.com. A recording of the call will be available until May 17, 2007 at 11:59 p.m. To hear this recording, dial 877-660-6853 (International: 201-612-7415; enter account number 286; conference identification number 242467).
About the Company
Bravo! Brands Inc. develops, brands, markets, distributes and sells nutritious, flavored milk products throughout the 50 United States, Mexico and Puerto Rico. Bravo!'s products are available in the United States and internationally through production agreements with regional aseptic milk processors and are currently sold under the brand names Slammers(R) and Bravo!(TM). Bravo!'s Slammers(R) products are available nationwide in popular chains such as: 7-Eleven, A&P, Allsup's, BP Petroleum, Brookshire Grocery, Circle K, Cumberland Farms, CVS, Discount Drug, Eckerd Drug, Giant Food Stores, Hannaford, Hess, Kings, Krasdale, Pathmark, QFC, Schnucks, Sheetz, ShopRite, Speedway, Stator Bros, Sunoco, Tedeshi, United Supermarkets, USA/Super D Drug, Waldbaums, Walgreens, Quick Trip, Wal-Mart Supercenter and Pilot Oil.
Many of Bravo! Brands' Slammers(R) lines of shelf-stable, single-serve milk drinks are co-branded through exclusive partnerships with Masterfoods USA, a division of Mars Incorporated, General Mills, Organic Valley, and MD Enterprises (Moon Pie(R)), providing superior name recognition packaged with quality, great-tasting drinks.
On November 1, 2005, Coca-Cola Enterprises, Inc. began distribution of the Slammers(R) Masterfoods line, as well as the Bravo!'s Slim Slammers(R) and Pro Slammers(TM) products, under a Master Distribution Agreement with Bravo!
For more information, visit: http://www.bravobrands.com. Investor Relations Contact Company Contact Integrated Corporate Relations Jeffrey J. Kaplan, Kathleen Heaney Chief Financial Officer (203) 803-3585 (561) 625-1411
SOURCE Bravo! Brands Inc.
Investors, Kathleen Heaney, Integrated Corporate Relations, +1-203-803-3585; or Company Contact, Jeffrey J. Kaplan, Chief Financial Officer of Bravo! Brands Inc., +1-561-625-1411
http://www.bravobrands.com
Very fun day for BRVO....eom.
Both ? ! ?
@ .04? I thought it was higher. What is the "z" for in front?
WTF? Was there just a single, 10-million-share trade?
It happens sometimes. They at least acknowledged that it was for the sake of the share price. Made me nervous too, but "Failure is the opportunity to begin again more intelligently."
IMHO.....
.04 is a steal. It is what the 6 institutions just bought in at.
The MACD on the 6 month chart is steadily walking up to the centerline (very positive).
The product IS marketable, however, previous management obviously wasn't doing a good job... But they just got cut; so that's another plus.
I'd like to see larger chains pick up the product and offer the drinks in their stores (i.e. Walmart). I'd also like to see the company hire a new CEO and Chief Marketing Executive that knows what the hell they are doing.
I think we're just waiting for a decent PR to jump back around 6 cents. Anything short of that will be the MM's accumulating and slowly bringing it back up around 5 to 5 and a half cents.
Some of this is fact and some is just my opinion, but... I'm right 99% of the time.
May 21st, 9:24 AM
Not yet. I think we're just seeing the smoke before the fire. (In a good way.)
Oh yeah. That was the same company? I think I remember those but I wasn't even thinking of it until you said that.
Silence? REALLY?......eom
3,666,953
This is why no one likes bashers. You saw that it jumped this morning. And didn't even have the decency to admit it. I won't let you off that easy. You should take the opportunity to admit you were wrong to the board. It might help you regain some shred of credibility for that lowsy call last week.
Gorgeous chart!
Bashers, You guys should buy now. Or continue to not listen to me. Either way, I just made TONS of $$$.
LOLOLOLOLOLOLOLOLOL!
I'm not banning anyone. I want them to be on this board when it goes up.
WOW. You haven't contributed anything new to the board. I'm tempted to ban you right now. I'm curious though, why do you guys bother posting this stuff? If you think it's a bad buy, just walk away.
The ability to guage time is what separates (some of us) from hamsters. You wouldn't understand. However, you must acknowledge that the 10K did not come out yesterday. It came out a month ago. Since then other things have happened. The PPS dropped 83%, the CEO has had the good sense to fire the board, and we've paused at the warrant price.
P.S. If I read that yesterday, I'd sell. Honestly.
Anyone still holding from 20+ cents has bigger ones than I do. I bought in at .041 cents though so I'm still green. I can almost appreciate the "chicken little" warning. Fear is what dropped it down in April, I get it. But it's not necessary anymore.
Banning bashers is like killing terrorists. There's always another one waiting to fill the spot.
I agree with your view that it's pointless to post on boards without holding shares. I usually look at a board before I buy and if I don't like what I see, I just move on...quietly.
I don't believe them when they say they're on the sidelines.
The turnaround is obvious to us that know what we're doing. You know it's there too, otherwise you wouldn't be at this board.
You have 2 options...
Be greatful for the 83% drop and buy in.
-Or-
Wait for the Coke contract to desintagrate and hold your breath until you pass out.
Informing the board of your inability to make a decision makes no sense. Creating doubt so you can get in .001 cents cheaper is annoying to the people that already bought.
lolol, the mood is... don't bash.
I knew it was something!
You want the distribution deal to go bust before you buy in??? Oh, I see. I can't help you there.
I think you're holding your breath though.
IMO, the vending machines is a dumb idea.
I don't care that much to encourage you to buy either. That person you spoke to was most likely fired (hopefully.)
FWIW...
Our first rule is BUY LOW. We just hit the 52 week low (twice) last week. The PPS is down about 83% in the past month. The previous Quarterly was laughable. And they just fired half their employees (including their Board of Directors.)
What else are you wanting/waiting to go wrong before you buy in?
Look at it this way... The company is going through MAJOR restructuring. At least they are making a serious effort to turn the PPS around. And at the center of it all is a decent, sellable product (already on store shelves.)
... The end.
You seem nervous for a spectator. And I can't figure out what it is you are looking to get out of me. I am not going to tell you to buy or not buy. (However, I do know what the correct decision is for me.)
I'm guessing you panic sold last week and are not sure if you should jump back in and hope it bounces to cover your losses; or walk away onto something new.
You know a lot of things only shareholders should know.... too much for a regular window shopper.
Not everyone. They just cut the loose weight. And they did it for the sake of the PPS. It was a good decision long term.
The next time you hear GM or Ford lay off thousands of people... What do you think will happen to the PPS?
(Hint: It will go up)
I put in a sell order at the ask for 13,667 shares and it filled in less that a second. Very good sign, IMHO.
Thanks. I'll accept that comparison, seeing as I was also the number one post on this board. I won't be posting that much anymore though. I have a sell order in for $8. I'll be taking a nap untill then. : )
Don't have to complement me. Thank Buck 22. He put a hint in one of his messages. It was so obvious that I thought everyone saw it.
Guess not.
I think godspeed. But it was done way back in January.
hahahaha, nice.......eom
Dammmnnnn I'm good. None of you tards saw that one coming, huh? REALLY ?!?!?
Looks like big support stacking @ .05
Nice
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Hello, welcome to DPHIQ!
STRONG support at .04
I loaded up on monday, but there's no volume.