3SOF

Either major profit taking or some serious "stops" were taken out  ..either way I belive it was a gift to be able to add again at this level long term (1.03).....thank you David 

Thanks, David for a quick answer---- bot another 1k shares at $1.04

I also added at $1.05.  I think partnering with Coca Cola will be very positive for Bravo in the long run.

Good luck everyone.

thank you david for quick posting of your thought  not many day you see stock price fall 43% and I'm still holding an being very optimistic. Even grab some more (actually alot more on a dip)

I was able increase my position on BRVO @ $0.99

What a crazy intraday chart

FWIW-
  Neither the gap up this morning after the news nor the pullback surprised me. If there is one thing I have learned over the years in trading ( and the only ABSOLUTE TRUTH, by the way ) it is that traders will ALWAYS overreact to news. Think about it. In what parallel universe is it a bad thing that BRVO has a strong relationship with Coke? None that I can think of. And that relationship comes at a price, which is the ability for Coke to buy a goodly number of stock options at a reduced price. The most important part of this whole situation
in my view is the possible  distribution agreement that David alluded to. When you are a small manufacturer ( which BRVO is), the key to success is to get your product in front of people's faces, and a distribution agreement with Coke will give BRVO that opportunity. By the way, you can write it in stone that Coke did their  DD and discovered that Slammers were "selling through" at the retail level, thus the offer to BRVO. My only concern would be that BRVO sells itself short and sells out to COKE too soon, but I really don't think they will do that because, as I've posted before, this management team is as sharp as they come. In my opinion, in light of this deal today, I think that David's $5 target may, in point of fact be a little on the light side. All the best.
Irish

short term market has inefficiencies. long term they get ironed out!

I agree, guys.

Just bought some more, but at 1.09... was not home for the big drop, unfortunately.

Or...maybe that was good, that I didn't see it 

The sun is touching the yard-arm here in Denmark, so: Cheers!

I don't know about anyone else but I appreciate all the feedback
Thanks to all.

Today's drop was in anticipation of the dilution.  Any thoughts to what affect the actual dilution might have come August 31 when the options are exercised???

This certainly looks like a positive development to me.  However, what about the contingencies?  i.e. the execution of a mutually satisfactory master distribution agreement, after which Bravo would have to agree to sell Coca Cola Enterprises additional shares, giving CC control of the company.  Doesn't look like a done deal yet, or is this not a problem?  I added to my position at 1.045 today.  Hope the deal does through.  Thank you 3Stocks on Fire for putting me on to this stock.

What's the impact of the Coca Cola's deal on the Outstanding shares? Currently, BRVO only has 66 millions shares outstanding. With the 69 millions shares of stock options and potential 80 milions shares of stocks sales, the total outstanding shares may be triple after August. Is my read correct?

But One thing I strongly agreed, we stay long because of the potential of the company. The deal brings them the critical path to expand to more markets and grow faster.

I do not understand today's action.  

I saw the news before market open and briefly thought I might be able to retire. Or at least buy lunch for everyone at work.

I finally had time to check the price about 15 mins after open (1.09) and thought it must be halted.

I am still mystified, I must be missing something. However, I do feel more comfortable holding now with the CCE imprimatur. Maybe speculators were expecting a better offer.

There are 2 good links on the ragingbull. The $0.36/share sounds like are not the price CCE will pay (it will be higher)

http://ragingbull.lycos.com/mboard/boards.cgi?board=BRVO&read=7404

http://ragingbull.lycos.com/mboard/boards.cgi?board=BRVO&read=7418

This post was also pulled from the Raging Bull forum...

Hope it is correct.

By: been_burned_before 
14 Jul 2005, 08:02 PM EDT
Msg. 7480 of 7482
Jump to msg. #   
I now see the light . . .

I just read a Lehman Brother's report on the deal, and it has fully cleared up my understanding of it. As it turns out, CCE is actually planning to pay $38 million for 50% of the fully diluted shares of Bravo. As everyone knows, the total number of authorized shares is 300 million, so 50% of that would be 150 million shares. In other words, CCE is paying ($38 million / 150 million shares) = $0.25 pps, but please understand that this is a fully diluted price. So, taking Bravo's current total shares outstanding - 63.49 million - CCE is actually prepared to pay ($38 million / 63.49 million shares / 2 = $1.20 pps. So there you have it: CCE is simply prepared to offer yesterday's closing price - $1.20 pps - which just so happens to be $0.25 pps fully diluted.


Been_Burned_Before