Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

Have you read financials? Balance Sheet in particular??

I am late to the discussion of this latest run up, but $7M+ of 'unidentified and intangible assets' is not good for a company with less than $2M of annual revenues.

Particularly since those assets were originally classified as expenses at .001 per share for the shares issued, rather than the .02 to .10 per share that should have been used.

To uplist, they will have to be audited at which time they will be reclassified to expense, likely through a prior period adjustment. Will result in significant negative book value.

IMO, company has no chance of meeting nasdaq listing standards. So hard to understand positive 'unbiased' analyses.

Having said that, hats off to the insiders for creating this run, into which they can sell.

d