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An update on any progress Could be Very Good for the stock.
14 market makers. 45 million shares short. Starting to get the picture of naked shorts from merger delay. What will make them cover. Volume, news, earnings, trading on OCTQB again.
The New 10 Q says 295 M shares out. News and more mkt makers could come soon.
Believe the convertibles are locked up for a while. I think they give the ability of the insiders to go long for a percentage of the market where the stock is at after the restriction is over. If the stock was .065 they could buy for .04 as an example. That was how I understood.
End of June report coming by Aug 20th. Merger happened in late July. Contracts coming in now. I think before long they will be on a better mkt and have more volume. Market level was one higher when it ran to .055 I've heard there really isn't much stock out there to sell. It's all been shorted because of the delay that happened with the merger and the OTCBB was OTCQB. With a price over .10 or more than 2 Mil in Rev they could go to they OTCQX , either would give much more visibility as a software company. Any new shares from the merger are restricted and at higher conversion price.
Try 15-20 minutes before then.
Looks like 1.6 Mil 10 M Preferred shares convertible at higher prices if they don't want to wait for cash or took stock. 290 M was out 450 Equivalent was needed to complete merger of company 40% larger company. Those shares are locked up and convertible at higher prices if they want them. Looks like the shares they needed to complete the merger filing within 45 days ahead of schedule, good sign Form D, not Reg S, and completes money owed to private investors also. M
OTCBB is the same as full reporting Pink now. Move up to bigger market near future with more market makers coming soon. Fee is like $6000-7500. Will make shorts SCRAMBLE. This is why they have had control. $$
Agree. My guess is their waiting to put out June 30 Q by Aug 15. Their history shows they usually need a 5 day extension though. Maybe something before with a new contract. ? Should be at least .02 now.
This is true. Once news about sales or contracts comes it will help.
Merger may have come 10 days later cause of paperwork and attorneys. Don't understand why its under .04-.05 even with additional restricted shares from the merger and before news of contracts start coming in.
After 4th of July 8-15. My best guess
I think I even know who they are. Remember when we hit .055 in NOV. They got caught short, and they have been betting since on the merger delayed not getting done. If they don't cover in July, they'll wish they had.
I believe even higher prices than, but I don't think until July 15-29. I think the large amount of short sellers will start working in our favor within a week or so as they begin to cover ahead of the merger completion and other news I think is pending; Some 1st half of July some 2nd half.
Think this stock is worth much more with news on product sales coming as well as the merger news.
Great action last few days eh squeak? Who knew it would go like this. :) It will move for real in the Summer like July -August. Later theis month or June maybe.
The way the stock behaves, The CC and EPS tomorrow should be interesting. Comments on new 3rd store and 4 new on -line ventures will be the key now.
Champagne wishes and caviar dreams. :)
Nice logic. I guess I 'll have another 20M $ soon then. :)
"Off to dollar land" We're half a penny with 700 + MIL shares out. Are you on crack ? That will NEVER happen unless you mean with an RS which I hope he avoids. I still say he does a 1:10 or more likely 1:20 next year, whether you believe me or not. I like this stock, but let's get real. .05 would be a miracle. :)
Forgive me for this Chuck but: The Future, The Future, The Future, A New website another new website: YAWN !!!!!!!
Maybe that will bring a little luck and I will look stupid. ? LOL :)
Nice post. Good insight. Same old A'INT woking. Investors are more savvy now. Sophisticated investors wouldn't touch it until they get Jus a Little Mo Street Cred. :)
Good post, and mentality. The news today is not bad news it's good news. Same with the FB page. They're not capable of moving the stock though. We may be stuck for a month unless DA can comment on the the new store with favorable non dilutive terms.
Now THAT, was a Great post. :) You're #2 now after Chuck. lol JK :)
True, the number of shares out is getting prohibitive. Smart or managed money would make sure that this pinky process of dilution for survival was over first. Audited financials and net earnings would help offset the share count. It is definately worth more than 3.5 M I would say at least 10-15 M so, .017 to .025 min for where they are now. The fact that they are not priced there, tells you those several things though.
Yes, if the no dilution continues even with the new large store about to built. Positive cash flow isn't net earnings. Or even EBITDA. Not negative just a realist. :)
Sub Penny due to the number of shares out currently and the constant possibility of further dilution, as it has been the only way Danny has grown the company so far. No dilution in 4 months(OH JOY WHOOPIE BIG F'IN DEAL LOL ), More dilution is expected by those who follow history and know DA. A Remote chance that he can do something diffferent for once now that company is cash flow positive, like a reasonble rate BIZ loan that is NOT CONVERTIBLE into STOCK or it would be defeat the purpose!!!!!!!!!!!
O.K. Will check it out, but ony because you said so. I trust no one else. lol :)
Is anyone impressed with this FB page ? Does it look very developed and have photos of the stores ?
Could be, but I still consider that a future "Shock N Awe" event. The always next quarter syndrome. It would take a while to build up. I need something with more SUDDEN IMPACT and potential change the pps Immediately.
EVERY time that I personally have noticed over the last 3 years, that DA puts out a headline like financials on Apr 27, which is impressive and early, (considering when the quarter eneded), there is a delay and the day is rolled out 3 weeks approx. If he does not delay this time as USUAL, then we are really getting somewhere, and it is a definate sign, as insignificant as it may seem on the surface.
Ha Ha Funny Chuck. I agree. The number of people on this board that only attempt buy below the offer is amazing. They must not really want to own it this cheap. :)
Something different. Everyone give 1 new idea that they think would move Bravada closer to .01 Let's say to the .074-.008 area. Kind of the half way point or a little more (unfortunately), to the magical appearently unattainable for DA .01 area. :)
Here's the thing Chuck. You and I agree on most everything. :) My perception on this company, is still that it is a Future "Shock and awe" company lol. Everything great or necessary for real "pps" success is always "coming just down the road." Not right now. Improvements are there with the Rev no doubt, and the 1st Q numbers could also help. My instincts are however, that it won't help enough without added some excting comments obout other ACTIVE not POTENTIAL revenue streams, alliances, endorsements, promotions, or declaritive non dilutive statement from this moment going forward. What does you GUT and history tell you ?
Realistically its probably going to be late June or July for a Real move up, then better than that in Oct. These pink sheet start up companies, thrive on new investors and sometimes the "things will be great in the future" stories to constantly feed the money machine for the dilution necessary for their growth and existance. It's their only way to survive for now, APPEARENTLY ?
Is this a message board for people who want to make Good Money or the IT chat board. Just Ask'in. :)
I put my post out at 2 p.m. PST. They obviously read it, and then followed suite with their comments a few hours later. lol :)
O.K. Time to listen to Burbank. UNDERVALUED. Buy it NOW. Back to low 6's in 3 weeks or less.
Losing respect for you when you say anything below .0039 :)