Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

Old data; BCCI doubled authorized shares at its recent shareholder meeting.

This was necessary, as the previous authorization was maxed -- yet the company had 30M or so convertible preferred shares outstanding and had committed 120M shares (40% of the shares then O/S) to the two principal officers. So 50% increase in authorization was needed for existing commitments, and the company in the past has used common shares to fund professional services, advertising, and business development activities.

Recent PRs have not resulted in dramatic increases in share price level, perhaps because of company track record on execution.