Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

Links to Q2/Q3, plus amended registration statement?

Great that there are finally audited statements this year, even if the result was complete restatement of 2013 (sales lower than originally reported, and profits turned into losses; indeed, 2013 loss was about equal to revenues).

Revenues continue to decline year over year in Q2/Q3, reportedly due to three store closings in Q4 2013. Of more concern is the operating margin line -- worse with sequential 2014 quarters; Q3 shows an operating loss of $0.60 for every $1.00 of revenue, with interest expense at an additional $0.30 per dollar of revenue.

Good that the company is receiving franchise fees to offset the cash losses in the current core business, currently being covered by stock issuance (preferred stock convertible to common, forgotten by those posting A/S information) -- it would be great if the company would confirm the $25K franchise fee to BCCI for future locations, plus 6% royalty and 1% marketing fee to BCCI on all BMOC franchise openings, and BMOC's prior commitment for $25K/month in advertising.

If that would all be confirmed, I think this stock could run.