Bravada International Ltd (BRAV)

[Y U Axing Me]

Hey check this.

The Q3 2011 report says the following about the Greenleaves lawsuit:

On September 7, 2011, Green Leaves filed a complaint against the Company in
Milwaukee Superior Court for the amount outstanding of $40,000.00. The
Company (BRAVADA) decided to take certain options reflected in the conversion
agreement to pay out the amount owing in cash and not in Company stock as the
BRAVADA did not believe that issuing its common stock to Green Leaves was to
shareholder’s best interests. The Company believes that the matter will be
resolved amicably as discussions between the Company and Green Leaves and
currently underway.

Then the annual report 12/31/2011 shows this:

11/22/2011 Green Leaves Group, LLC Issuance 30,000,000

I guess they had to pay the stock after all. My calculations show me that giving 30,000,000 shares to settle a $40,000.00 debt equates to $.0013 per share....Good deal for Green Leaves....Bad deal for BRAV shareholders.

Let's just chalk it up to another lesson learned by BRAV management at shareholders' expense...right?


You're right, Paddy O'Malley. Maybe someone from management should pony up some of their shares to cover his/her mistake. I find it unlikely, though, that was the case.