Bravada International Ltd (BRAV)

[BeachBum]

Yelp shows it closed. The lease was up end of Nov. according to their web sites and Craig’s list, they now occupy suites L30 and L31 at lafacemart by Staples Center. They continue to operate and market the company through owned web sites, Amazon and PR’s. Financials are necessary considering continuing operations as a public company as I see I. Not sure what reasoning behind the fail in disclosure but I’m still optimistic the company will do the right thing soon. Time will tell. How much time? Anyone’s guess.

I think Melrose rent was $10k a month which is rediclous considering Bravada is an online marketplace. Researching Loopnet, I think rent for a suite at LA Face is $1500.00’ish. Bravada is saving big money by moving with ample space in two adjoining suites combined.