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