To all those coming here who are considering investing in BCCI, first become acquainted with the history of Barry Henthorn, the CEO, and the record of the businesses he has incorporated.
Barry Henthorn his career as a crook after dropping out of college in 1989. In the first few years he incorporated Emerald City Telecommunications and Emerald City Cellular. Later he incorporated Innovative Communications Technologies followed by Global Private Telecommunications. This were all private corporations, and as one corporation got in trouble he would create another, getting sued several times along the way along with some of the partners he was obtaining.
In the year 2000, he incorporated his first public company, and for the first time had access to more than just token capital. This was Innovative Communications Technologies, changing the name slightly from the prior one from Inc. to Corp..
Later he incorporated ReelTime and Pangea, also public companies, and took over Exosphere. Along the way he gathered millions from investors that never saw a penny back.
In 2010, after Innovative (ICTN) had repeatedly failed to provide revenues and he had used the company to buy some coffee kiosks, he changed the name to Baristas (BCCI). Altogether, his companies have obtained tens of millions from investors and produced but a small fraction in revenues, often expanding the authorized shares and once doing a 1-for-20 reverse split.
To many of the "insider" helpers, he has provided millions of shares of stock very cheaply or free of charge, thus destroying the value of the investor by dilution or lack of revenues to go along with the expenditures. After the holding period is exhausted, a series of PRs in use to generate interest on the stock, and the "insiders" sell to the unsuspecting public.
Note that Baristas, adjusted for the split, was originally a sixty dollar stock. RLTR, the other primary holding, has also suffered a similar decline in stock price. This is not an investment quality stock. It is not even speculative. You stand a better chance of walking out of Vegas with a winning that here or in any other Barry Henthorn run company.
