Bravada International Ltd (BRAV)

[Jammin1]

The apparent market cap you'll see now has to be adjusted.

Whatever you calculate based on the current number of shares has to be reduced to about 40% of that to account for the announced likely increase in shares, so revenue per share was going to be in the .0060 to .0067 range. Now it'll be more likely in the .0024 to .0027 range (with same revenue levels) after all the share adjustments.

For share price estimates, however, I won't go all the way down to 40% of previous estimates since we won't have those convertible shares looming anymore. That's a big deal, so I'm adjusting my own share price estimations/predictions to around half to two-thirds of previous levels. That still makes this a bargain, IMO, from current levels.