"has acquired options to purchase shares of common stock, convertible securities and warrants, entitling Coca-Cola Enterprises to purchase approximately 69,000,000 shares of common stock from 12 shareholders of Bravo! Foods International Corp" http://biz.yahoo.com/prnews/050714/flth012.html?.v=18
How do you know that CCE isn't paying .36 to the institutional holders for their wts. and then having the obligation to pay BRVO the wt. exercise price?
I am not trying to ruffle your feathers, but when you paste someone else's calculations into your post without attribtion it looks like you've done the work.
I spent the most time with the SB-2 because it is the most up to date filing. I will relook at the 10K, but the bottom line for me is nearly incalculable:
Will BRVO maintain an independent status with CCE has a majority shareholder? Geoff Eiten tossed out a $350 million dollar revenue figure to me. If BRVO was at that level of sales (no idea how long it would take to gear up to that capacity), AND they are valued like JSDA & HANS in terms of price/sales, let's say the midpoint, or 4.5x, then BRVO would trade in the $5 range.
Why would CCE want to pay $5 for the other 150 million shares? Can't see this scenario.
Someone suggested waiting for dust to settle and redeploying assets elsewhere which makes a lot of sense to me. I am a nibbler at .75 and an accumulator at .60 before the earnings announcement..i think.
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