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Monday, March 17, 2014 11:39:39 AM
The O/S at 274M, 9.5% less than the approx posted recently here today, is large, that is for sure. However for dinky, micro companies such as this and other very small penny stocks it is at the low end not the high end where the O/S is many times in billions. So imho it is a lot less than some micro companies and %wise a lot more than a few others.
http://www.otcmarkets.com/financialReportViewer?symbol=BCCI&id=113231
The good news is they are NOT authorized more than 300M o/s at the moments so they should have to ask stockholders permission to raise the A/S, which they may do soon, who knows. Sure sign if they do.
So did they use creative accounting? Hmmm if I had to guess I would say sure, you are correct. Then one asks was it a good deal for the company? Doesn't seem so yet anyway, but who knows in the future. Hindsight being what it is I can always predict with certainty the score of a football game the day after it is played.
Many tiny micros and penny stocks are merely stock ATMs for their 1-2 person management, this does not appear quite like that.
The Utube video, if accurate, depicts an image which personally is a bit over the top, having said that it is serving coffee and Hooters sold beer and burgers. Longs can only hope it does as well.
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