Bravada International Ltd (BRAV)

[Y U Axing Me]

Hello Friends,

There was much banter going back and forth yesterday about valuations. I place much emphasis on the fact that this is a low-level pinksheet stock (yield sign tells me that). When people start talking about multiples of revenue for valuing this company in 8s or higher, I just can't see it.

I'm still under the impression that retail is valued based on earnings and not revenue.

I would value this stock, currently, at around $.015 based on a multiple of earnings (15) discounted for substantial pinksheet risk. How did I come up with 15? I took the EPS for LULU (as this seems to be similar to many here) and halved it.

Now....let the attacks begin.

Have a good day.