Bravo Brands Inc (fka BRVO)

[starfire]

here is a glimpse of the share details........
Share count summary

2004 Annual report shows the following

59,500,000 shares outstanding

65,089,658 Total warrants/options (what CCE has bought option for)

81,000,000 CCE

2,412,381 Employee and director, consultant Options

~207,700,000 Sub Total

That leaves us with just north of 93 million left of the authorized 300 million.

They do have 653,455 shares of Convertible preferred of various types. I have not yet found how many shares each each converts to. I will keep looking. In the past it was anywhere from 35-263 shares for each share of preferred, however the ratio changes as the price is different on each one. If you assume 100 shares each, you come up with another 65 million shares, bringing us to a total of about 272 million shares, give or take several million.

It could very well be that the preferred stock could convert into the balance of the authorized shares or a number further below that. Either way we are looking at north of 250 million shares issued and outstanding. Just figure that into your projections. I have, and I am bullish.

Equity holders at March 3, 2005

Common stock 59,917,797 shares 1,900 holders (approximate)
Series B preferred stock 107,440 shares 1 holder
Series F preferred stock 55,515 shares 3 holders
Series H preferred stock 165,500 shares 7 holders
Series I preferred stock 30,000 shares 2 holders
Series J preferred stock 200,000 shares 1 holder
Series K preferred stock 95,000 shares 1 holder

http://ragingbull.lycos.com/mboard/boards.cgi?board=BRVO&read=8766

It is pretty accurate. Interesting aspect...when CCE converts the 65M options/warrants that's an additional $7M into BRVO's coffers for a total of $20M!