Bravo Multinational Inc (BRVO)

[ID Supermoney]

That is correct it is deferred as described below!!

This only goes to June 30, 2010 and as a result it belongs to next quarter income!

They did this to show everyone income is coming in!!!

We have executed a lease agreement with Silver Falcon, which provides for an annual lease payment of $1,000,000 payable in monthly installments, and a royalty equal to 15% of the proceeds of any ore mined from our property on War Eagle Mountain. We received our first lease payment of $83,333 from Silver Falcon for July 1, 2010 in June 2010. The commencement of the monthly lease payment is expected to provide sufficient cash flows to pay administrative expenses. However, the deferral of salaries by our management, and loans from our officers and a significant shareholder may continue as necessary to pay other administrative expenses.

ID