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some of the law frims Patel has worked for notorious for selling their clients stock S8. Easy to look up on sec.gov
how may actual holders here and what entry price. Personally excited about any price/vol action ....
Price is too high for it to move unless there is large institutional buying. Once their news comes out and the price is normalized along with volume, they will see bang for their buck on these mailers.
thats always how it goes.. 3rd party payments.. never the Company or a major shareholder. Right?
I think they are in the middle of huge reorganization, i have been able to speak to a fellow shareholder who knows one of their funders or met them at some event and it looks like they are putting a huge plan in place and by re-org I do not mean reverse split. I think there is a recapitalization planned, an acquisition funding, a term sheet in review and regulatory catch up happening. Thats just what the coffee talk was.. again nothing confirmed but I'm still holding onto a few shares.
interesting
i will be there exhibiting - will try and get all the giveaways and post.
still no doubt for me that it will break 30 and stay there or move up. People with cheap paper will be weeded out in this round, we will see smart and sticky investors in the next round. Also, it could be the old buy on rumor sell on news at play here and anyone with half a brain will see its not a pnd. IMHO
shorts
100% correct on all fronts. They will have to start putting together all the criteria to Uplist but it looks like they could by Q2/13. I am collecting at 25 and up and had some stock in january at 10 cents that i did not sell in the July promo. So all in all im about 200k shares long at an average price of $.15 and could take a profit here but just don't think its worth it. IMHO
i see this gradually appreciating til we see + $1.00 end of year.
There is too much going on and a lot of big guns involved for this to stay in penny world. Foresee a Nasdaq uplisting coming soon too. IMHO
i think he is saying, "we know it happened but a lot of what was out there was not the truth" BUT hey, we have paid everyone and we have no lawsuits at this time. Its called SPIN, let them say it however they want to at least they are saying we are done with the matter + paid our debt to society and now we can concentrate on coffee sales. I took it as a positive.
Baristas CEO Update
SEATTLE, Oct. 2, 2012 /PRNewswire/ -- Baristas Coffee Company, Inc. (BCCI) Baristas Coffee Company, Inc. released its shareholder letter from enthusiastic CEO and consummate leader, Barry Henthorn. Henthorn expresses gratitude and praise to shareholders who have stood by BCCI in its 3 years since inception with this letter:
Dear Investors,
It is with great pride and a sense of accomplishment that we are able to update you with our company position as Baristas Coffee Company completes its third year of operation.
As with most start up companies, we had our challenges in our first years but with the dedication of staff, investors, our top Baristas, and most of all, you, our valued shareholders, we write this letter to you with the utmost thanks for your continued support and belief in Baristas and me, your CEO.
As I always have, I continue to run this business with an open door policy and 100% transparency to all involved so please feel free to contact me with any questions with respect to the updates below.
Warm Regards,
Barry Henthorn
LAWSUITS
Let's address the white elephant in the room first and foremost. Last year we were plagued by rumor and innuendo that Baristas was ducking serious financial obligations to various employees and governmental agencies. This was our main priority to resolve in the past year and at this time we are happy to announce that we have no outstanding lawsuits against the company and furthermore, we have negotiated agreements and remain current with all obligations to governmental agencies.
REVENUES, SHARE PRICE, SHAREHOLDER RELATIONS
We are very pleased to report that our 2012 revenue is up about 20% over 2011 and our operating expenses are down significantly as we continue to refine our supply chain. More importantly, WE ARE PROFITABLE!
We believe the marketing of the public company, an increase in the shareholder base and an overall increase in public awareness of the Company and products will put us in a remarkable position for fiscal year 2013. We remain committed to responsibly structuring the cap table and have 50 million authorized shares still unissued. I, myself as the largest shareholder, have never sold a single share nor will I until our shareholders see real value in the stock. Our commitment and our vision is to move towards filing for an up-listing of the company within the next six months.
BARISTAS ICE CREAM
We are thrilled to announce that after years of effort, Baristas Ice Cream formulations have been completed. The product is unique in its packaging flavors and it is in production and scheduled to be on the shelves of retail locations throughout New York and Connecticut before the end of this month. We are very excited about the potential of this product and our relationship with Calip Dairies and early consumer testing has been overwhelmingly positive. The potential Q1/13 revenue is in the high 6 figures from ice cream alone. Very exciting stuff!
GEOGRAPHIC EXPANSION
Staying true to our vision of introducing "Costume Themed Drive-Thru Coffee" to the Nation and to the world, we are proud to have opened and continue to successfully operate locations in five states throughout the U.S., with five more states targeted before the end of this year.
MEDIA STRATEGIES & REALITY
The company plans to implement a multi-layered marketing plan which will incorporate a wide variety of regional, national and social media geared towards driving new consumers towards Baristas products. This approach will include a mix of traditional and new media opportunities that should broaden the company's brand appeal and improve franchise sales and increase distribution. The Baristas Television Series continues to move forward with written commitments from several distribution companies and Networks overseas and domestically, and we have resources allocated to introduce the show to additional markets at this years "MIP" in Cannes France.
In closing, Henthorn said:
"As CEO of a public company I consider it my top priority to use all means necessary to bring increased value to our shareholders. By doing so we believe our share price will more properly reflect the true potential of the Baristas Brand. One of our key objectives is to raise our company's public image and distinguish ourselves from perceived competition." Henthorn concludes, "In the last three years we have made bigger strides than we ever expected and our shareholders have been more loyal than we could have ever wished for and we are on track to reward their loyalty very soon."
About Baristas Coffee Company (BCCI): Headquartered in the Seattle, Washington area, Baristas Coffee Company, Inc. was formed to create a national brand of drive-thru espresso stands. BCCI is accomplishing this by acquiring established businesses that fit its model, opening new locations, and by franchising. Baristas has separated itself from the competition with its "theme" of joining attractive female baristas in entertaining costumes preparing the finest beverages available on the market. Baristas can currently be found in six greater Seattle area locations as well as in Texas, Florida, Montana, and Arizona. Your state, Coming Soon!
For more information on this fascinating concept please visit us at www.baristas.tv
Make sure you place BCCI on your screen this morning & stay tuned for further updates on this company.
shhhh......
remember haters that doubt my info, you saw me here first!
big things happening soon. I see $.25 pretty soon here.
waiting patiently... can you please email me at my hotmail. isgltd@ hotmail.com
whats your opinion about what is going on? Its only a matter of days before one of these goes live.
a bunch of pennies didnt even move today. Bad day for volumes all around.
watch and see. Also, try not to be so repetitive in your posts, and you sound sooo angry.
we will see pennies next week. Its acting a lot like it did in December. Holding out for 3 cents.
re your pm to me yesterday. The word is that they are working on new mail provider. Im guessing they will set up their own boxes to mail from since all the mail providers shut them down for non spam compliance. They aren't done yet.
be patient- you will see some action no doubt in next few weeks.
an oldie but a goodie.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7903901
if I'm correct, their 5K investment in Jan 2011 could result in about 5-10MM in profit if they re-run it to the extent that they run some of their other deals. Its all gravy too because they have none of the other "expenses" of running a deal from scratch.
couple points of resistance to break through and then we see a buck for sure. Anything is possible though when it starts to get promoted again.
for everyone PM'ing me - i cant reply directly now so I will post as much in one post to answer all the q's.
another 40K bid from UBS at .5755!
yup i see double triple or quad from here.
no but i think we see million share days at over a buck soon. Some guys will make a nice double from here.
See any familiar patterns emerging? I think we see it run again here very soon.
People in the "know" obviously. I'm guessing the traders know the stock is coming and are slowly loading up or actually not so slowly. Will be interesting to see what happens in a new promo. I think $2.00
i think my theory starting to play out here today... keep watching.
the short answer is they keep the deal going because it would bring an enormous amount of regulatory heat on them... so they fund these deals and maybe one in 100 hit and they bank. Most fail though in my experience.
FA= Abellan, it was his deal 100% they only disclose cash. They trade the float from accounts in Canary Islands with a desk at Aegis NYC routing orders, trust me, I know. FA presses a button from his BOAT off the Southern Coast of Spain.
BUT, they have done a great job of letting people think that they are just paid promoters of random deals. Again, FA plucked AW out of nowhere and had him walk into a printing office to put that horrendous mailer on the press in March 2011.
In any event, Gecko paper is going to be unrestricted in 4 days and just like they always do, they will re-run this deal. Mark my words. :)
you are not right about everything I'm afraid Janice!!! Check the filings. It would be naive to think they were "paid" in cash. The promoters owned the deal the same way APS owns their deals.They only disclose their comp to throw people of the sniff. They issued their 5MM shares to themselves when it was still a shell hence the 1 yr hold and they were not included in the S1- so there is your technicality. AW was hand picked by FA and his gang, well I'm preaching to the choir you know all this anyway.
could it have anything to do with last years promoters 1 year paper coming due? I think they received 5MM in restricted stock and will run it again after July 15th..IMHO....but then again, i was right last time when it went from 69-$1.20 in a week in March.
someone chipping away at a chunky 100K bid from UBSS at .434
me thinks a nice run is coming soon!
just the deal in general... TBX following awesomes model of creating these corps out of thin air. Stevens just took control of shell for just over 80K less than two months ago and PLAN on acquiring license agreements in a newly formed company. Does anyone read the filings? these are shells that have managed to keep non shell status. I understand that the boards play the momentum of the promotes but geesh, find something with some fundamentals. The new CEO states the address as 61 Yorkville. Its a Minto furnished suite! (kind of a big joke up in Canada) Just my two cents for today. TBX is emerging as the new aps I suspect the deals will go from 3 days to a week and then a month promote depending on how much stock they have to dump on future symbols.
scam
no worries, i was relatively quiet for a time as it seemed there was really nothing to say about this stock. I too am a ps vet 18 years now and i usually see the r/s coming when dilution reaches critical mass as it has in the case of our fave biotech. These deals are designed to make a few guys who hold the big notes wealthy and their ratchets and resets protect them from reorgs which can spell disaster for the rest of us market buyers.Hopefully I am wrong but i have a few reliable sources.