Bell Buckle Holdings (BLLB)

[mpeters]

My suspicion is that selling below par value would be a violation of the Florida laws of incorporation, however, what I don't know is how easy it would be to change the par value. It appears to be easy enough to change the authorized number of shares.

I have another observation: While I don't know the first thing about mass producing jam, jelly, vanilla extract, or salsa, I do know that the price of even a modest facility to perform virtually any industrial process is usually a mult-million dollar undertaking. Industrial equipment (e.g. large mixers, cookers, etc ...) are not cheap. Therefore with the now 1B (thats 9 zeros) in authorized shares and roughly 400M issued, there are 600M for the company to sell. For the sake of argument, if they are all sold at 0.001 thats only 600K, which in my estimate is barely enough money to purchase the land and pour the concrete on a new facility.

My conclusion? It isn't likely that a new facility can be funded through dilution at this stock price. Beyond that, I am still thinking. So how does that help us right now? It doesn't for now, but it may be important to be mindful of it.

Lets not forget several positives: The product is real, I have purchased it, tasted it, and it appears to be as professionally manufactured as any product on grocery store shelves. The retailers are real. Even with the new dilution, if every share was sold at current price, the market cap is only $1M. Still, its dammed scary to be in a stock like this ...