Obviously, nei her one of you know the history.
BCCI was ICTN. It had under 200 million shares. When the game was over at ICTN, BH started looking for something else. He learned one thing from ICTN and RLTR: the pump and dump of a high tech comes to an end if one does not generate revenues. So, his idea was to find a business that had more staying power; that had some revenues no matter how marginal.
I don't know how he came to find out that he could buy some of these drive thrus so cheaply. But, that led to turning ICTN into BCCI. He first did a reverse split of 20 to 1, which wouldhave left well under 20 million shares outstanding, and, viola, right away there were again under 200 million shares outstanding and around 170 million issues, restricted and otherwise.
Next step was to ait for the appropriate moment to do the pumping. He got lucky in that there was a mania on coffee that play pretty well into his hands.
Pumping took place in many way. All the PRs for such a small business are rare, and then, all the posters here who were long term followers of BH because he is so technologically savvy become mesmerized by the man running a very low tech outfit in a field where he has absolutely no experience. Then, all of these other posters come out of no where, and for a couple of weeks they are claiming this will be the great future coffee outfit, but most of them disappear soon thereafter. If they really believed all they said, and the company was going to be worth several dollars a share, why did almost all of them disappear.
and why was there this group of posters who a few years back claimed to be followers of BH because of his technically expertise that led to the creation of ICTN and RLTR were all of the sudden smitten with his low tech business?
Practically all of these people were his pumpers in IHUB. Some of them got greedy when the pump was on and bought more shares, thinking that the stock would actually end up being worth several dollars per share. The bought into their own pump. Now you see them coming here now-and-then hoping to create another run, which is unlikely.
It is possible that a pump and dump like BCCI will turn out to be a real business. After all, in order for a pump and dump to have any legs it must resemble the real thing. And if the core group of people who built such an outfit do a real good job, the business may turn out to have real legs, but that is very rare.
As for the capitalization of this company 164 million divided by .06 is almost 10 million; not almost one million.
One million is what this business is worth as is, regardless of pump and dump or the name of the CEO. The rest is fluff. The pump and dump is over. What is left is the boundless optimism of investors. Pumps and dumps can only exist due to the irrational exuberance of many investors.