Replies to post #23135 on Bravada International Ltd (BRAV)

[bogey999]

The share structure has changed, but we do not know if that is relevant. 13M shares went from restricted to unrestricted. But it could be other things, there are several million shares in the authorized that could be sold as well. Then there is the possibility that shares gotten for services are now being dumped into the market, such as promotional shares (from the company or others), shares could be owned by any of the talents, or production companies used recently...

The share structure would not really change if it is just folks dumping for whatever reason, but we KNOW that there are promo shares out, and company financing has been ongoing by all accounts.

None of the companies actions are necessarily bad, but we have gone from a very open company, to a more closed one and that is not good for investor confidence. I expect that the financials (which for a pinksheet are very very simple to produce) for the delinquent quarter do not line up with the pr's or cc and we are seeing a delaying tactic in an effort to have the next (hopefully BETTER) quarter provided at the same time. Or at least a pr release with major positive guidance to offset dissapointment.

[SeaDubb]

Simple. I've seen it before with other stocks. An obvious thing happened yesterday, with 2 mil in buy volume, the price rockets 50%. However, about 10 or 11 million were sold almost immediately after and it was siting around .012 to .013. (IMO the MM's doing the dilution use this technique every time shares are dumped by any pink). A coincidentally timed PR runs as "cover' for us to think the volume and upward spike is related to the PR. Except for my first point: 2 million to spike 50%. 10 to 11 million to only bring it down to .012/.013 NOT to mention, we see MM's paint $30 and $40 trades lowering the ask to walk it down constantly. So how on earth could 11 million shares be dumped before noon and we still be 10-20% up for the day?? The only answer is dilution. EOD was over 20 mil. Today has been a repeat with almost 30% lost value. It is most likely not over. I have been a firm beleiver in MFLI all along. This activity however has me questioning myself: am I an easy mark? or should I bask my thoughts in the never-ending balm of "maybe in a couple more quarters things will pick up".

It may be over. We may recover, and financials may arrive soon. By the holiday's this could be a rough bump in the road, but well recovered from by then. Then again, we are in a speculative game here, right?

Damn crystal ball is *!%#ing me again (lol-almost...TO PAINFUL TO LAUGH RIGHT NOW)