Home > Boards > US OTC > Retail - Chains > Bravada International, Ltd. (BRAV)

First off, I appreciate all the responses I

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Factorowitz Member Profile
 
Followed By 7
Posts 214
Boards Moderated 0
Alias Born 07/29/13
160x600 placeholder
Factorowitz   Friday, 08/02/13 10:35:28 AM
Re: thatguy157 post# 97214
Post # of 132277 
First off, I appreciate all the responses I have received and like I said, just questioning what I see and throwing in some theories.

I've looked though many quarters and annuals of this company and I do see good and bad.

As I mentioned I made a mistake and the A/S did not increase. Most companies don't report their authorized as commons+preferred and they are usually split up so that authorized would be 742 mill and preferred would be 8 million. I corrected this a few messages ago.

Because of the mistake to their net income, the company actually lost a good amount of money which when added with their operating activity would have added further losses and therefore would have theoretically if the annual was corrected had less cash on hand at the end of their annual and at the beginning of the period for the March Q.

There are two sub section for Internet and Computers and Cables and Internet....I mentioned this with the amounts in a few messages before with the link to the filing I was looking at.


Personally I think the meal and entertainment expense regardless of it it was a shareholder "gathering" shouldn't have been posted as a business expense unless all shareholders were invited otherwise it is a personal meeting and not a meeting for shareholders thus a different expense altogether. Plus there is no proof that you were with the CEO..If you have proof I will redact my statement and I don't think that the CEO should be using the company money to be paying for people food and drinks....I work for a fortune 500 company and they don't pay for that stuff....I pay for my lunch everyday which at a minimum is 6 dollars. The average around 7 dollars. Plus every little expense adds up no matter if it was a penny a day. that's still 3 dollars and 65 cents out of the companies pocket a year of potential income and revenue.

Also if the CEO is taking deferred salary which is admirable, why would you call it a consulting fee? Why not just have a line item under payroll and wages with "deferred comp"....I know many companies that do it exactly like this....to me this is interesting.


While I will agree their top line does look good, their bottom line is where the issues rely and what ultimately hurts the shareholders the most...there expenses and operating activities are specifically what hurt them and cause them to lose money as of now.


Like I have mentioned before, this is all my opinion and just the DD I have been doing. Now who knows, I may be completely wrong.

The Dr. is in.
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences