Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

I don't think there is sufficient public information to determine structure.

Could be the corporation owns (at least part of) the partnership -- I have seen that before. But then, there can be other partners, and could be that is where the cash goes, if any.

Certainly, one smells a bit of a rat when the 'other side' of the Florida joint venture is at least in part owned by a (former?) BH associate (if I recall an earlier post correctly).

Plus, we have the underlying problem that the Baristas business model, even as reported, is hugely unprofitable, funded only by significant stock dilution.

(For those that argue the company has reported profits -- that is right, but only because they have not properly reported cost of the stock issued for expenses, $7M or so of which sits on the balance sheet as 'unidentified intangible assets').

For those who believe in Santa Claus and the tooth fairy, the forthcoming audited financials will explain all.