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BH has opened 5 stores, filmed a reality promo, signed an ice cream distribution deal, paid down liabilities, grew sales and is a current reporting company that has said they will have year end financial statements audited. I will wait on the audit before rendering an opinion anything near what you suggest.
The shareholder update was positive. Give him time and he'll reward those that remain patient!
That's very good news! BISU poised for explosive growth.
This is the 4th time opportunity to make serious dollars trading BCCI. Each time it hits this level, it has spiked fear among weak hands. Buyers make great gains in the next few weeks.
History will repeat!
My prediction for $.04 has happened early. Based on the chart, we will trade above $.05 next week That's a 20% return in a week!
Agreed - I have come to the same conclusion. I believe we'll be in the $.04's by next week. Then we move higher!
You make credible points however if you founded a company, were its largest shareholder, had not sold any shares and grew revenue and expanded stores, why would you vacate the CEO post.
These are times to ACCUMUATE positions so that when they file their next report in November the improved results will be reflected.
Then shares can appreciate as expected.
The CEO is doing what he is supposed to do like building the company. They have grown stores, produced a reality pilot and are working on ice cream deal that looks promising. Who gives a rats ass about that other stuff.
The stock is basing nicely and will be accumulated. I believe your $.05 buy will be profitable soon.
We didn't appoint him pope or predident. He is the founder and is doing a good job.
Remember, three other times the stock moved from the $.0375/$.04 level to north of $.10.
If it's happened 3x it can happen a fourth!!!!
I like it! Management keeps moving the company in the right direction.
Good points Florida FH but keep the faith. All of the recent news is positive. I'd rather have solid news to keep the company growing. Accumulate at lower prices and sell at much higher which has happened three other times!!!
Pros are accumulating at attractive levels. This is the fourth trip to $.04 and each time the stock has rebounded to go north of $.12. Keep the faith!
Once they start product sales, the stock should go double digits.
Trading volume has averaged 329K per day for the past 10 trading days. This is basing great around $.02. We could see $.04-.05 next week.
He already disclosed the payment terms with the IRS so I read it as he is current on those payments.
He has also disclosed that they intend to file a 10K audited for the year ending 12-31-12 which is due 3-31-12.
We all will be looking forward to that filing to see if the representations represented by Barry turn out to be bullish based on the numbers or bearish.
That was a stand up report by the CEO. This looks like a really good shot of returning to the double digit level.
Three previous times it has gone from around $.04 to the $.12 to $.15 range.
The open honest communication is a real plus!
BISU looks like it could go $.05 bid by next week. As I predicted last week, the chance to go from $.015 to get a double or triple was quite possible. This is a great speculative play. The company has solid growth potential.
Very good price action as you and I predicted.
Trading volume looks good today. As I previously posted, return opportunities are significant. Much greater chance to have a double, triple or more at $.015 than playing a bond market that is rigged by the Fed and a stock market rigged by high frequency traders.
Based on the balance sheet improvement, it does indeed look like around $900K debt to equity. That would account for the share increase. This is very good news. We want to see the balance sheet improve as stores are opened albeit at a slower pace.
I'd rather have slower growth than leverage the company in this economic environment.
With modest store openings, reality show and ice cream deal pending, looks like BCCI is making steady progress.
They file the financial statements with OTC Markets. You can find the posting there.
Financial statements recently filed look good. Nice margins and good consistent sales. Excellent growth potential.
I picked up some cheap shares in the past few weeks. When they produce revenue in Q4, the current valuation will look very cheap! This is STILL a speculative play but a good risk/reward.
$.01 to $.05 is more likely than Dow 26K or 6K Nasdaq.
BCCI busted through the 50 day MA today. Charts show moving much higher.
Hail to the Chief BH!! He's done it again I love Ice Cream. What a combo, coffee, tea, ice cream and Baristas girls!
You could be right. When product sales start to grow, they have an opportunity to expand their distribution network. This could result in hockey stick numbers and they could be long lasting.
Excellent growth opportunity!!!
Good action to start today! Volume and price moves indicate near term strength.
Big volume today. Volume first then price!!
The company has stated that they are going into production in September and that they will have revenue in Q-4. By any definition, that's a real business. Trading at $.016, I expect we'll see a 4-5 bagger by year end!!
We'll just have to agree to disagree on the auditor point. This will sort itself out as you are aware, the AUDITOR HAS to sign off when they file the 10K as does securities counsel at most firms.
Since they moved the corporate HQ to San Antonio, any relationship to the "Canadian parties" is likely related to the old business prior to Type II.
I think the management team is capable and we'll see how they perform. At $.015 per share, the stock can be traded based on risk/reward.
When they get up to 50 locations or have a HUGE success with the reality show or the ice cream company, they will probably be bought out.
Come on Sunspotter, every investor knows the CEO signs the document. My point is the auditors would not have approved Gallager to file had they not reviewed the 10Q, and I know it's not audited.
I know Sarbanes Oxley is weak as they are letting Corzine off the hook on MF Global, but I doubt Gallager and the auditors are putting out a report with inaccurate data.
Give me some substance, you sound like a Democratic campaign opperative lying to the public.
I did not say the 10Q was audited. I did say the 10Q was signed off on by the auditors. I stand by the statement because it is true.
You obviously have a bone to pick with the CEO. I don't know why and I don't care.
All I care about trading is making money with my investments. In my opinion, the company is poised grow. The balance sheet looks better than any recent time in company history. No surprise since they abandoned that losing prior business.
I know it's high risk but also high reward. Good Luck to all!!
Their ice cream investment may pay huge dividends! Slow but steady growth of coffee and potential exponential growth of ice cream sales!
You are wrong. The financial statements are not audited until year end for 10K. They are reviewed and signed off by the auditors. Read the regulations.
The balance sheet is improved by over $200K due to debt restructuring. Share increase was due to acquiring Type 2. READ the document!
Press release was somewhat sloppy, I'll give you that but I care way more about the balance sheet than a PR.
I believe the company has the intent to have the financial statements audited at year end so that they can file a 10K instead of the usual unaudited financial statements. This would be due 3-30-13.
It's good to have this but I'm not waisting time til then. If I did that, I'd likely pay $.10 to $15 per share versus sub $.06.
Rmemeber this has round tripped between $.04/05 and $.14/.15 three times in the past year.
I agree 100%. This is going to be a teriffic growth story. Good capital structure, good management team, product coming to market next month. I believe we can see a 10 bagger by year end!
NY auditors signed off on the report. I trust their credibility. The balanced sheet is greatly improved over the previous report.
I concur with the investment opportunity. I have been picking up shares daily for the past month with an average price a little under $.06.
Love the consolidation and accumulation. A good growth strategy will send us soaring!!
Excellent report. Management is clearly performing! The stock should base as it is accumulated and break out when they report revenues soon!!
I can't predict the timing of price moves but I think the volume and accumulation is very positive.
Look at the charts. If it closes north of $.035, you've had a double!!
If their 10Q reports good results, it could even go higher!