Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

There is news, preliminary proxy filed late Friday.

As I projected a couple of months ago, shareholders will be asked to double the number of authorized common shares from 300M to 600M.

There is also a request for blanket authorization for the Board of Directors to be able to split the stock at their discretion.

Obviously, a reverse split will be required for any NASDAQ uplisting; however while necessary, such split is not sufficient for uplisting. The big hurdle will be the shareholders' equity requirement.