Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

You need to do some homework about BCCI.

A/S about maxed for the common, but an additional 40% have been promised to the principals in employment agreements, more than half retroactively. And, 9% worth are committed to the holders of the preferred shares. And, the company continually pays vendors with shares -- so formal dilution has to be around the corner.

If mall stores are only double kiosk revenues, big problem. Kiosk revenues about $12k/month. Doubling that for the three open mall stores would give BCCI $13K/quarter of royalties, hardly worth buying stock.

And, where is the fourth announced mall store in PA. And of course, the SW FL kiosks have closed.

An NY mall store JV with BMOC is announced -- but as a JV BCCI will likely not receive $25K up front franchise fee.

And announcing a deal is not the same as opening a profitable store. In the recent past:

- A third SW FL store was announced in Q1 14 for Q2 14 opening; not only did it not open, despite being owned by the same people as the existing two stores -- they closed!!

- A TN sports bar was announced -- with BMOC!! -- in May, 2014, but was never opened.

The company owes $3M in accounts payable and accrued liabilities; that is 90 days of COSTS for a semi-healthy company, but at $1.2M of annual revenues, that is 10 quarters of REVENUES for BCCI.

I would certainly not count on ancillary products -- check out the history of ice cream. K-cups were announced in February for Amazon distribution in April, didn't happen. Speculation is that they ran out of capital to fund completion of product development and initial inventory. To date, NO retail distribution for K-cups has been announced, although the company did see fit to spend money on Advertising them earlier in the quarter.

But, hopefully you are buying at the low -- certainly, the low pps for many, many months.