Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

Not sure what 'haven't dilute(d) much at all' means.

The company diluted almost 30% of its common stock in 2011 alone, some of which was to pay rent and professional fees -- not exactly a glowing endorsement of the underlying business model as a cash generator.

This is based on the (unaudited) financials for the year ended December 31, 2011. These financials do not record any shares set aside for options -- which I would expect to be substantial, as they have announced a 'high powered' management team and they are not paying salaries to these folks (we know this because G&A did not go up as they were brought on board).

On the other hand, maybe the options are performance-based, in which case there may not be many outstanding given the company's very poor results in the all-important store-opening category.

Hopefully, 2012 financials will provide the same compensation (cash and shares) reporting as required for SEC-reporting companies, then we will have no need to speculate and will know excactly how much dilution has occurred.

Note that once there are earnings substantial enough for a meaningful EPS calculation, options have to be included. Without options, EPS for Q4 was $.000381 per share ($80K of earnings on 210M shares) -- so would be $.00 with or without options.