Bravada International Ltd (BRAV)

[thatguy157]

True, the number of shares out is getting prohibitive.

I guess what I am referring to is the SS has remained unchanged since mid November. So the term "getting" is out of context. The SS either is or is not prohibitive because there has been no change in SS over 4 months. The opinion of amount should not have changed since then aside from the fact that this company reported over 1 mil gross sales in 2011 where previously we did not know the gross but we knew the SS.

Smart or managed money would make sure that this pinky process of dilution for survival was over first.

Smart money would make decisions before the process dilution reoccurs or ceases to exist. I believe the cautious approach is to wait. The dilution for survival is also an irrelevant statement, because there has been no dilution for "survival" in over 4 months. The company appears to be operating without the need for raising capital since early Nov 2011 (last dilution round was for a previous lawsuit). If there is any future dilution we have been told would be for expansion not survival.

Audited financials and net earnings would help offset the share count.

I agree with both statements, but we are still talking about a company looking to reinvest its earnings for expansion and growth. This is not a big board stock yet and Bravada is still in the early stages and still setting its foundations. The company is still developing and growing. Build the revenue, cut cost, grow the bottom line, and expand as necessary. Audit will not happen overnight. The trick to making money in this game is identify the companies that are going to make it with that process and get them while they are cheap. Let’s be honest if all of those things happened Bravada would be trading extremely higher and there would not be as much money to be made. You are correct in your statements of what they need to accomplish in the future, which is why I buy now so that when that does happen; I like Bravada now will have got in at the ground breaking floor.

It is definately worth more than 3.5 M I would say at least 10-15 M so, .017 to .025 min for where they are now.

I agree, I personally evaluate a little higher but we are on the same page.

The fact that they are not priced there, tells you those several things though.

Yes it does. UNDEVALUED


GLTA
GO BRAV