Bravada International Ltd (BRAV)

[Jammin1]

Yes, a reverse split makes people suspicious, especially if there is likelihood of dilution, and no evidence of a real, legit business. But the likelihood of more dilution gets less every day, and proof of the legit business is there in this case. So, I think a R/S could actually bring in more investors than it will scare away, if not today, then in the near future.

What this business needs is capital to open new stores, and attention from more investors. A R/S gives them the second without taking away from the first, so it's a better idea than the buyback, which would take away from the first (capital) without helping the second.

Any extra money lying around should be saved up for opening new stores. After a few more months of steady growth & "proof", I think a R/S would make sense, as too many investors are scared away by the low price.

A buyback should only happen when they have more capital than they need for opening new stores. That day is a long way off.