Bravada International Ltd (BRAV)

[5StringDrive]

Here is what I understand form the press release. Of the $1,000,000 debt that was extinguished, $600,000 of was owed to our CEO, Danny Alex. He sold this debit to the company for what will over time become 30,000,000 shares of common stock. The current market value of 30 million shares (at $0.0025) would be $75,000.

On its face this shows that our CEO has great confidence in the future of this company and expects a long term increase in share price. The next piece of DD is to find out about any additional terms on the Preferred B shares such as a guaranteed dividend. I’m not asserting anything. It is just time to read the notes to the financial statements.

I wish BRAV had the cash to purchase these shares on the open market and put them up as treasury shares ahead. Unfortunately, on estimated revenues of $125,000 for Q1 there won’t be much free cash flow..

I hope that is plain enough.