Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

What is your evidence for:

$BCCI has ...additional locations that are expected to open soon.

The company and 'independent (?)' research have suggested they would open 100 locations this year, but they are at less then 10% of that rate two-thirds of the way through the year. No locations have opened or announced this quarter, and only three last quarter by my count (Fountain Hills, San Antonio #2, Montana #2 -- BTW, who maintains the 'boilerplate' information on the board, the map and store listings are WAY out of date -- of course, so is the company website, showing 49 employees as of December 2009, etc.).

With ice cream season almost over without any products released, I suspect BCCI is more focused on finding $85K to pay their labor fines, approximately the same amount as the 'profits' recorded each quarter ($80K in Q4, per the 2011 financial report).

Speaking of which, wonder when Q2 'financials' will come out...I went to look up when the Q1 numbers came out as an indicator, but -- what a surprise -- no mention of them (or any financials) on the BCCI website. I thought I had seen Q1 -- anyone have a link?? Or maybe it was my imagination, and the company doesn't provide quarterly 'financials' (in quotes due to lack of financial auditing).

Despite the above, stock price has moved up with nice volume over the last couple of days, so something might be brewing (no comments, pun WAS intended). Perhaps they will soon announce major openings -- but careful of mere announcements, has anyone seen the NJ store, or the other four PHX stores that as of the end of December were to be opened in Q1.

Or perhaps we will learn the network and premier date for the long-awaited reality TV series.