InvestorsHub Logo
Followers 375
Posts 12575
Boards Moderated 0
Alias Born 04/23/2006

Re: TheJosonOne post# 21219

Saturday, 09/20/2014 12:44:06 PM

Saturday, September 20, 2014 12:44:06 PM

Post# of 39713
Just scanned the financials on my phone quickly and it is obvious why SDE chose BBRD to merge with.

BBRD is one of the cleanest shells I have seen in a long time. Actually, given the fact that it has generated revenue and over $200k in gross profit in the first 9 months of 2014, has positive shareholder equity and no accumulated deficit you really can't classify it as a shell, but rather a fledgling company.

Float as of 7/31 was 283M with 400M restricted just as we reported, so all the dilution and T/A is lying nonsense was just that...nonsense. Further, that 400M restricted is for the acquisition, which hasn't been officially closed yet, and most likely has a 6-12 month restriction at a minimum, so we won't see any of those shares hit the float for a long time.

All in all a great report for BBRD and certainly sets the stage for the coming massive run post 10/1.

Have a great weekend all!!!