Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

You are preaching to the choir.

Mr. Henthorn promised audited financials a year ago, as part of his drive for NASDAQ listing.

The Q2 2013 financials made reference to 'auditors' when shares provided for services over the years, and expensed at .001 per share, were properly re-priced at market price; but, instead of going against earnings, they were put on the balance sheet as 'Unidentified Assets,' about $7M or so.

Although the 2013 financial statements have no integrity (reference my earlier posts), I did notice that this account grew by over $500K in Q4, dwarfing reported sales.

Publication of year-end financials was a logical time to complete the audit; instead, the financials published were nonsensical -- Exhibit A being the fact that the Balance Sheet did not!! That is, Assets did NOT equal Liabilities Plus Shareholder Equity. In my 50 years of investing, I have never seen that in a publicly traded company. Other included statements had significant mathematical issues as well.

To get audited financials requires cash, which this company is short of (thus, payment for servies in shares). Auditors do not accept shares for their audit, it would be a conflict of interest.