Define 'the information' from BCCI which is accurate.
We know that 'forward looking information' -- about stores opening in the next three months, for example -- have not been accurate. Reference NJ 2.5 years ago, Phoenix two years ago, and San Antonio a year ago.
And we could also talk about the paid 'research report' by Prime Equity Research, which projected 100 stores to be opened by the end of 2012 (half franchise, half company owned) -- per information provided by the company.
In terms of 'historical' information, even the company has admitted that reports have not been accurate. The Q2 2013 financials reclassified shares issued at .001 per share for expense items in previous financials, into an $8M 'unidentified and intangible asset' account as the shares should have been priced at market value at time of issuance, not par value. A big number, against $1.5M in annual revenue. And a clear statement that prior financials were wrong.
Meanwhile, the Q3 2013 numbers are now 30 days past the 'deadline' for SEC reporting companies, a level to which BCCI aspires. Maybe BCCI is waiting for the audit to be completed? Or perhaps, to be paid for, as auditors do not work against IOUs or stock -- they need cash so there is not a potential conflict of interest.
Or perhaps they don't want to make visible of reclassification of $8M of 'unidentified and intangible assets' to expense (and shareholder equity).
Back to the main point: what information previously issued by the company, other than an actual store opening, has been accurate? Uplisting?? Reality show?? 200 stores selling ice cream??
