Presumably Sam Berry (if he's not full of it) would realize that this email has a good chance of becoming public. Most companies do not announce anything during a buyback past the authorization (which is a required disclosure) so as to not have such announcement boost the stock price, so that they can buy as low as possible. One has to think that disclosing (even in an email) would signal that the buyback is complete, or close to it. I spoke to Jef Lewis on the phone a week ago and asked him if he could provide a buyback update, and he (politely) declined. If his CFO is putting it in writing (again, even in an email) a week later, it signals a shift to me.
At risk of being a hard*ss, now that this information is "out there," BBRW should file an 8-k (which can be as simple as attaching a press release to a completed form 8-k, more or less, and asserting to the SEC that it is accurate) to disclose buyback status and any other pertinent updates.
I saw someone else post that they are no longer working with that Dave Donlin (sp?) guy who did the puff video about BBRW. I know nothing about him firsthand, but understand that he had the reputation of being associated with pump n' dumps and whatnot, so one thought is that BBRW ended the relationship with him to seem more legitimate. I know when I started diligencing this company, the salesy nature of those PRs were the biggest caution sign (not that it stopped me).
If these guys are trying to go legit and really have QB or even QX up-listing aspirations, they should take their game to the next level regarding disclosures and transparency. If they truly are spending (or have spent) $1.5m on a share buyback, demonstrating steps toward good governance can have a low/no cost multiplier effect on that investment. Soapbox dismounted.
TGI(almost)F, ladies and gentlemen -- looks like a interesting day in the making!
