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BRVO.OB

Started by David Randolph, May 30, 2005, 08:01:38 PM

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don

#1050
offtopic: #@#@#@!! Windows XP. I had just drafted a 20minute post and my screen went into freeze. Lost all. Lucky I'm the placid type.
Here we go again:
a revised summary of my stock valuations work, using my Lo and Hi (and the average thereof) 2007 Revenue projections:
Valuation using the price-to-sales ratio basis: I use a P/S ration of 3.0. The hottest beverage stock HANS (ok its an energy beverage, so not strictly comparable) has a P/S of 7


2007 preliminary calc. was a value of $1.08.
How? 108mill x3 = 324mill Divided by 300 mill shares = my value based on 2007 projected sales is $1.08
2007; secondary calculations (Jan 17 2006)

The Lo:  85mill x3 =255mill divided by 300 mill shares = $.85
The Hi:   170mill x3 =510 mill divided by 300 mill shares = $1.70
The average: the average between my revenue hi and lo estimates is 85+170=255mill divided by 2= 127 mill. X3= 381mill divided by 300 mill shares = my value based on 2007 projected sales is $1.27
Summary: whether one uses PER, or P/S as a valuation basis, one is future gazing - which is about as useful as just guessing. So, my guess is, based on a P/S valuation approach, that the market should value the stock at somewhere in the range of $1 - $1.50.
Leaving aside my PER based- valuations,  I believe that it is foolhardy to be targetting a $4-5 stock price , at this early unproven stage in the new directions which company's is taking. Don.

fill_the_gap

#1051
Just added quite a bit as it met the lower end of the range on light volume.

Pending unexpected news, BRVO will rise into the call at the end of the month.

BRVO is relatively predictable about running into each call.
Buying before they announce the date and time. 
Just one opinion, do the research

fill_the_gap

[email protected]

Some have asked for the CEO e-mail to ask what the time and date will be for the end of month meeting.

Does not hurt to ask. 
Just one opinion, do the research

David Randolph

#1053
Quote from: puenthouse on January 13, 2006, 03:37:49 PM
i have almost 50% of my port in brvo, so i enjoy selling above 70s and buying in 50s  i have just been able to buy more in the 50s then sell in the 70s  i have a trigger at 75.  I have no fear.  i will never sell it all.  I want BAGS.  Im sure i can get them some where faster, but i dont know where and im not going to try to go looking.  I still have confidence in this one.  It sounds like im getting to be by myself thou.  that is fine, i wont have you guys around to scare me off from the last 50 drop.  so many messages about it going to .25 did put doubt even into me.  Alteast i held it and sure enough, like CEO said, it will come up and it did.  GL fellows.  and by the way, im back in the states, so going to look for one of these slammers now :)

Very nice to know you're back home puenthouse, congratulations  :D

Fré, snowcat, don and fill_the_gap are doing great research on BRVO.OB, so this continues to be the best thread on BRVO.OB (thanks  :-*). My timing for selling the stock was awful.

I'm still waiting for that full year guidance the company promised. It looks like I was right when I said the company had 297 million shares outstanding on a fully diluted basis (market cap is 297*0.64 = $190M. Since the number of authorized shares is 300 million, I fear the company asks shareholders to increase the number of authorized shares.

I'll continue monitoring, I may buy back the stock higher than where I sold, if I have a strong motive to do it. For now, I'm still waiting.

Good luck for those still holding BRVO.OB ! (I'll keep this thread on this board, despite the stock is no longer at the Stocks on Fire Portfolio  :'()

fill_the_gap

#1054
David,

Thank you for commenting.

It cannot be far from your sale price if you want to re enter without losing.  ;D.

Anyway, I will only trade BRVO until they prove otherwise.

What is proven is that they rise into Conference Calls and then selloff within a range.
And then the process repeats.

Profiting as much as 20 % each time is working well as long as the proven range continues.

And until they do something significant, many traders are playing BRVO this way.

So I will never hold BRVO through a call again after taking a giant hit the last time.

I am not sure what they will say in the meeting.
But it is not what they say, it is what they do that matters.
=======================================

My e-mail correspondence with Roy today and his answer below.

=======================================

I understand, the release will come shortly. We are excited. Thanks. rGW

=======================================

--------------------------------------------------------------------------------
Sent: Wednesday, January 18, 2006 4:16 PM
To: Roy Warren
Subject: Re: Meeting...

Agreed,

Investors in OTC are often spoiled by dates being released a few weeks in advance of an event such as a conference call.  Until you upgrade exchanges, the price will suffer without something to look forward to with OTC investors.

Just an idea as to why the price cannot build a base.
The OTC market is a different animal.  It affects the long and short term investors alike.  Because as you know, a stock under  $ 1.00 takes a different kind of investor.

Your purpose seems to be to sell milk and not worry about this.
I can see the pps potential of BRVO. Building a loyal base is the way to go.   

Missing quarterly expectations and keeping the investors guessing has hurt the price so far.

If a date was announced, it would run up to the date and probably build higher lows and higher highs.  The inverse is true when a date is expected and announced too late.

Not a big deal, it will all work out in the end.

Thank you for listening. 

----- Original Message -----
From: Roy Warren
Sent: Wednesday, January 18, 2006 2:57 PM
Subject: RE: Meeting...



Just one opinion, do the research

Fré

Some minor news (I expect announcement of CC next week).

Bravo! Foods Announces Appointment of Two Senior Managers
January 19, 8:30 am ET


NORTH PALM BEACH, Fla., Jan. 19 /PRNewswire-FirstCall/ -- Bravo! Foods International Corp. (OTC Bulletin Board: BRVO - News), a brand development and marketing company that manufactures, promotes and distributes vitamin-fortified, flavored milks, today announced two new management appointments to its operations team.
ADVERTISEMENT


Joe Librizzi has joined the Company as Director of Procurement and Supply Management. He most recently was with Slim Fast Foods, a division of Unilever plc, where he was responsible for all purchasing and supply management for Slim Fast's production plants in Tennessee and Arizona, as well as for eight co-packers. Prior to Slim Fast, Mr. Librizzi held senior financial management positions for various medical companies, including Thompson Medical Company, Mid Atlantic Medical and Schmid Products. Mr. Librizzi will direct the Company's purchasing and supplier relationships to control costs and provide co-packers with adequate and timely raw material supply.

Mike Comerford is Bravo!'s new Director of Operations. For the past five years he owned and operated M.J. Comerford Associates, a food broker business servicing the Northeast U.S. Prior to that, he was a Vice President and General Manager for Chiquita Brands, where he managed the consumer products division, including Chiquita juice products sold in grocery, convenience and club stores. Mr. Comerford also has held senior level sales, marketing and distribution roles with Everfresh Beverages Inc., Drake Bakeries and Sundor Brands. Mr. Comerford will manage the Company's co-packer relationships to ensure quality, efficiency and maximum productivity.

Ben Patipa, Bravo!'s Chief Operating Officer, commented, "We are very pleased to have Joe and Mike join the Bravo! team. As we continue to build our staff to best position the company for future growth, their expertise will be an invaluable component of our ongoing focus on controlling product costs and managing shipments to best serve our customers. We are delighted to welcome them both aboard."

Both Mr. Librizzi and Mr. Comerford report to Ben Patipa, and their appointments are effective immediately.

don

Thanks Fre.
Jeff, good em to Warren. I am not sure how to read his answer. Is he excited about all the sales mgt people he is hiring or is he excited about, as best as I can call it -  reduced sales guidance for  Q4 2005 and fiscal 2006. Like you, I am learning there is more money to be made by keeping on your toes, rather than just holding a stock like BRVO. Selling at 72 left me with my core holding. I had to pay 64.5 yesterday to get back in to a trading position.
I will return to the valuation of BRVO, using PER. I am just a bit swamped with some market moves right now. BRVO and NRI are my favourites. Don.

fill_the_gap

Bravo! Foods International to Host Investor Conference Call
PR Newswire - January 20, 2006 14:30

NORTH PALM BEACH, Fla., Jan 20, 2006 /PRNewswire-FirstCall via COMTEX/ -- Bravo! Foods International Corp. (OTC Bulletin Board: BRVO), a brand development and marketing company that manufactures, promotes and distributes vitamin- fortified, flavored milks, announced today that it will host a conference call on Thursday, January 26, 2006 at 9:00 a.m., EST, to discuss 2006 financial guidance and provide a business update.

To participate in the conference call, dial 877-407-9205. International callers, please dial: 201-689-8054.

This call will also be webcast by Vcall and can be accessed through Bravo!'s investor relations web site: http://www.otcfn.com/brvo or at: http://www.investorcalendar.com . A recording of the call will be available until January 27, 2006 at 11:59 p.m. To hear this recording, dial 877-660-6853 (International: 201-612-7415); enter account number 286; conference identification number 189527.

About the Company

Bravo! Foods International Corp. develops, brands, markets, distributes and sells nutritious, flavored milk products throughout the 50 United States, Great Britain and various Middle Eastern countries. Bravo!'s products are available in the United States and internationally through production agreements with regional aseptic milk processors and are currently sold under the brand name Slammers(R). Bravo!'s Slammers(R) products are available nationwide, in such popular chains as: 7-Eleven, A&P, Associated Grocers, Bi- Lo, Bruno's, C/S Metro, Dutch Farms, Giant Food Stores, Jewel, Mars, Pathmark, Piggly Wiggly, Ralph's, Safeway, Sam's Club, Shaw's, ShopRite, Speedway, SuperTarget, Unified, Waldbaums, Walgreens and White Rose.

Many of Bravo! Foods' Slammers(R) lines of shelf-stable, single-serve milk drinks are co-branded through exclusive partnerships with Masterfoods, a division of Mars Incorporated, Marvel Entertainment and MD Enterprises (Moon Pie(R)), providing superior name recognition packaged with quality, great- tasting drinks.

On November 1, 2005, Coca-Cola Enterprises, Inc. began distribution of the Slammers(R) Masterfoods line, as well as the Company's Slim Slammers(R) and Pro Slammers(TM) products, under a Master Distribution Agreement with Bravo!.

Forward-Looking Statements

Certain statements made during the presentation or in other written or oral statements made by or on behalf of Bravo! are "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's current expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: fluctuations in quarterly and annual results, incurrence of net losses, adverse effects of management focusing on implementation of a growth strategy, failure to develop and maintain the Bravo! brand and other factors disclosed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward- looking statements in order to reflect events or circumstances that may arise after the date of this release.

Bravo! Foods International Corp.
     11300 U.S. Highway 1, Suite 202
     North Palm Beach, FL 33408
     (561) 625-1411

     Company Contact
     Jeffrey J. Kaplan, Chief Financial Officer
     (561) 625-1411

     Investor Relations Contact:
     Integrated Corporate Relations
     Kathleen Heaney (203) 803-3585
     Amanda Mullin (203) 682-8243

SOURCE Bravo! Foods International Corp.

Jeffrey J. Kaplan, Chief Financial Officer, Bravo! Foods International Corp.,
+1-561-625-1411; or Investor Relations, Kathleen Heaney, +1-203-803-3585, or Amanda
Mullin, +1-203-682-8243, both of Integrated Corporate Relations, for Bravo! Foods
International Corp.

http://www.prnewswire.com

Copyright (C) 2006 PR Newswire. All rights reserved.



--------------------------------------------------------------------------------



Just one opinion, do the research

Fré

#1058
I expected Bravo to go up on the news mentioned by Jeff above, but instead it kept going down. I'll sell tomorrow with a small gain or loss. Sad that I didn't take profits when it was 0.72.

If the support holds, I'll probably buy back around 0.52-0.54. But I expect a big drop.

Good luck guys!

fill_the_gap

#1059
Fre,

The recent trading makes little sense.  But so does life and the market.
It has risen into recent calls.  Perhaps my BRVO call with the CFO is being realized.  The numbers may be out of reach due to capacity.

People want to see confirmation of the numbers before deciding.
In the past, BRVO has missed expectations.  But this CC is not a filing call. It is a voluntary forecast.  So not sure why it is selling off.  But the volume has not been huge.

The (convenient) news today tells the story for today.
This is the similar PIPE financing that EYII dealt with on a larger scale.

BRVO dealt with these people in the past.  They are in a private placement deal and we hope none of the PIPE issues pertain to them now.  Either way, the article did not help in mentioning BRVO.

The problem with PIPE deals are that the Private investors can short the position.
Therefore, they make money keeping it within a range (selling short and going long, then repeating the process).  I addressed this in detail on this thread as well as the EYII thread.

I still would not have guessed that BRVO would be over 70 and drop as the Conference Call gets closer?   ???  I can see right after the call, but heading in is not typical.

The news today took it down.  Being mentioned with these people is Toxic.
And there is no way to plan when news like this may hit.

I will hold until the end of the day to try and get some back and then evaluate after the call.

http://www.thestreet.com/_yahoo/stocks/brokerages/10263382.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Just one opinion, do the research

don

whilst looking for Bravo PIPE financings, I came across this (see below).  My purpose in posting is is to ask the forum if anyone knows does Bravo still have financing notes/debt/convertible with these guys? I will check my old records from 2005 and post if I find anything.
Yesterday's 3 cent loss was regained in after market trades. Don.
Brokerages/Wall Street
Bawag: Austria's Master Plumber
By Matthew Goldstein
Senior Writer
1/24/2006 7:20 AM EST
URL: http://www.thestreet.com/stocks/brokerages/10263382.html

In a shadowy corner of Wall Street where cash-strapped companies go begging for their lives, one foreign bank stands out, both for the scope of its involvement and the measures it has taken to conceal it.

Over the last nine years, Bank fur Arbeit und Wirtschaft, or Bawag, the Austrian financial group best known for its ties to Refco, has quietly become a key player in an obscure but booming market where public companies seek last-ditch financing via private placements of new stock. Known as public investment in private equity, PIPE offerings have grown from a backwater into an $18 billion-a-year financial frontier dominated by hedge funds and other sophisticated players.

Even by the murky standards of the PIPEs market, Bawag's role is hard to pin down -- and that appears to be by design. Austria's fourth-largest bank uses a network of foreign hedge funds and a small New York investment firm to do its bidding in PIPEs, rarely linking its name to any transaction even though its fingerprints are stamped on scores of them.

TheStreet.com has found that Bawag is either a significant investor or controlling shareholder in at least four foreign hedge funds that are active players in the PIPEs market: Alpha Capital, Austinvest Anstalt Balzers, Austost Anstalt Schaan and Celeste Trust, all of which are based in the tiny European country of Lichtenstein. Bawag also has a financial interest in LH Financial Services Corp., an obscure New York investment firm that has sunk more than $70 million over the past two years into about 150 different PIPEs deals, almost all of them penny-stock companies.

In 2004, LH Financial was the second most prolific PIPEs investor in the country by transactions, placing money in 102 different deals, according to PlacementTracker, a research firm. The pace slowed in 2005, when LF invested in about 45 deals -- still good enough to rank in the U.S. top 10.

Bawag officials did not respond to telephone calls and email requests to comment for this story.

TheStreet.com established the bank's financial ties to the four hedge funds and to LH Financial after reviewing numerous regulatory filings and court documents and talking to people familiar with Bawag and the PIPEs market. (For more on how Bawag's activity was discerned, see this sidebar.)

In the U.S., Bawag is best known for its dealings with Refco, the New York commodities brokerage that imploded four months ago in an accounting scandal allegedly orchestrated by its CEO. Bawag once had a minority interest in Refco and made a $410 million loan to the CEO, Phillip Bennett, just hours before the broker disclosed that Bennett had been hiding hundreds of millions of dollars in customer trading losses for years.

But there's another side to Bawag's relationship with the fallen brokerage. All four hedge funds affiliated with Bawag were once customers of Refco, and Refco helped each resell some of the cut-rate shares they acquired in PIPEs deals. Two former Refco brokers who worked closely with the Bawag funds are being investigated by securities regulators on allegations they engaged in manipulative trading on behalf of another entity.

Most of what can be gleaned about Bawag's behind-the-scenes maneuvering in the PIPEs market concerns LH Financial, a 10-person firm with a prestigious Central Park South address. LH Financial, which is not registered as a brokerage or investment adviser, exists almost exclusively to invest in PIPE deals of $5 million or less.

Founded in 1997, LH Financial is led by Solomon Obstfeld, who is listed in some telephone directories as being a rabbi. Obstfeld didn't return several phone calls or respond to email inquiries.

In 1990, Obstfeld got caught up in a government sting that exposed brokers who allegedly used other people to take a licensing exam for them so they could work in the securities industry. Obstfeld, charged with a misdemeanor, paid a $5,000 fine and was sentenced by a federal judge to a year of probation.

LH Financial also has ties to Martin Schlaff, an Austrian billionaire who is one of Bawag's biggest individual customers. Schlaff is a partner with Bawag in the Alpha Capital hedge fund, along with other business ventures. A relative of Schlaff's briefly worked at LH Financial.

Schlaff has his own colorful history. The Jerusalem Post recently reported that Schlaff is being investigated by Israeli authorities over allegations he paid $3 million in "bribes'' a few years ago to family members of ailing Israeli Prime Minister Ariel Sharon to promote his business interests in Israel. Authorities suspect that some money may have been wire-transferred from accounts at Bawag.

It's easy to see why Vienna-based Bawag, which was founded in 1922 and has more than $50 billion in assets, would want to shield its role in the PIPEs market, given the unsavory reputation the deals have earned and the sketchy backgrounds of some its big players. Critics say PIPEs are particularly susceptible to abuse by unscrupulous short-sellers -- traders who place market bets that a stock will decline in price -- because they usually involve the sale of stock at discounted prices. The stock of a company announcing a PIPEs deal almost always declines as the market adjusts to the influx of new shares and the likelihood that they will be sold for a quick profit.

In light of those traits, U.S. securities regulators have been conducting a sweeping investigation into the PIPEs market for the past two years, looking for manipulative trading, especially in deals involving penny stocks. To date, the inquiry has resulted in only a few enforcement actions against a handful of small hedge fund managers. But more regulatory actions are on the way, including possible sanctions against Knight Capital (NITE:Nasdaq) and Friedman Billings Ramsey (FBR:NYSE) , plus a number of big hedge funds.

One thing regulators are looking for are instances in which an investor learned of a pending PIPEs deal and shorted the issuer's shares before it was publicly announced. Unlike the sale of discounted shares, this practice is flatly illegal, and it has resulted in enforcement actions over the last two years.

There's no indication that Bawag, the four hedge funds or LH Financial are in trouble with regulators. But over the years, a number of private litigants have filed at least six lawsuits raising allegations of fraud and stock manipulation against some of the Bawag-related entities; Bawag itself was never named as a defendant. Most of those lawsuits have been either dismissed or discontinued.

One instance in which Bawag's behind-the-scene activities became a point of controversy is a bankruptcy proceeding for Mooney Aerospace (MNYG:OTC BB) , a San Antonio manufacturer of small, single-engine planes. In that litigation, Paul Dopp, a former Mooney CEO and creditor, has claimed that LH Financial and Alpha Capital never disclosed in regulatory filings that they were acting in concert with Bawag to provide financing to the company.

The bankruptcy judge referred some of Dopp's allegations to federal prosecutors in San Antonio in August 2004. There's no indication prosecutors have seriously purused them.

Notwithstanding the court victories, the Bawag-affiliated entities keep some curious company.

The hedge funds -- Alpha Capital, Austinvest Anstalt Balzers, Austost Anstalt Schaan and Celeste Trust -- were once customers of two former Refco brokers, Matthew Drillman and Jacob Spinner, who were implicated in one of the first manipulative PIPEs trading cases ever brought by securities regulators

The Securities and Exchange Commission has never publicly identified the brokers, nor charged them with any wrongdoing. But people familiar with the inquiry confirmed their identities. The SEC, sources say, is continuing to investigate allegations that the brokers, working at the behest of an investment firm called Rhino Advisors, engaged in manipulative trading on behalf of Amro International, a Swiss hedge fund.

Michael Bachner, an attorney for Spinner, declined to comment on the investigation. Michael Sommer, the lawyer for Drillman, did not return several phone calls. Both men are currently brokers with Pond Equities, a small firm in New York.

Amro is now largely inactive. It hasn't appeared in a PIPEs deal for several years. However, for a time, Amro was investing in many of the same deals as the Bawag affiliates. In at least one PIPE, a financing for Bravo Foods International (BRVO.OB:OTC BB) , Amro and Austinvest are described as having a "common investment representative.'' That investment representative was Rhino Advisors.

There's nothing to indicate that Drillman and Spinner ever engaged in any improper trading with regard to the Bawag-related hedge funds. Still, there is ample evidence the brokers were willing to go to great lengths to please their customers.

In January 2002, Drillman and Spinner wrote a "letter of reference'' on Refco letterhead for Alpha Capital. The letter, which is part of the court record in the Mooney bankruptcy, was designed to persuade officials at the aircraft company of Alpha Capital's good character.

"We suggest that you should feel comfortable in your dealings with Alpha Capital with respect to the integrity of those who speak on its behalf as well as with respect to its ability to perform on its financial obligations,'' the brokers wrote.

In the letter, the brokers also noted that Alpha Capital was "jointly owned by the Bank fur Arbeit und Wirtschaft'' and "a group of well regarded high net worth individuals.'' They added that Alpha Capital was formed by individuals "involved in similar investment vehicles,'' and that Refco had worked on transactions for these individuals totaling more than $100 million.

Of course, writing a glowing letter for a customer is a far cry from what regulators suspect Drillman and Spinner did for Amro, according to sources and investigation documents. Regulators are looking into allegations that the brokers helped arrange a series of illegal short-sales for Amro after the hedge fund invested in a $3 million PIPE deal by Sedona (SDNA.OB:OTC BB) , a small Pennsylvania software company.

The SEC's investigation into improper trading by Amro has been going on for more than four years and is the spark that ignited the broader regulatory inquiry into manipulative trading in the PIPEs market.

The first big development in that investigation came in 2003, when the SEC reached a $1 million settlement with Rhino and its president, Thomas Badian, charging them with "directing a series of manipulative short sales."

Regulators say the shorting was illegal because Amro had signed an agreement not to short shares of Sedona as part of the PIPE transaction, even though the price of the company's stock was expected to decline after the deal's announcement. The deal was structured so Amro would get more shares from Sedona as the price of the stock dropped. Amro, which has never been charged by the SEC, benefited from the brokers' actions because it got a ready supply of stock from the deal to cover the illegal short bets.

But the Rhino settlement didn't end the SEC's investigation. Just as Refco was set to go public in a big $583 million IPO last August, regulators notified the brokerage that it was planning to sanction Santo Maggio, the firm's former president, for failing to properly supervise two "former brokers who handled the account of Amro International.''

Maggio reached a tentative settlement with the SEC to serve a one-year suspension from some of his duties at Refco, but then the accounting scandal at Refco broke wide open in early October. Within days of the revelation, Maggio was gone.

People familiar with the Amro matter say Maggio was aware that Refco brokers were doing trades for the Bawag affiliates. On at least one occasion, these people say, he discussed the trading and payment of commissions with a top Bawag executive. Scott Hershman, one of Maggio's attorneys, declined to comment.

To be fair, Maggio wasn't the only executive at Refco pushing the broker to work with the Bawag-related hedge funds. Another was Thomas Hackl, a former Refco vice president, who joined the brokerage in 2002 after 11 years as head of investment banking at Bawag.

During his tenure at Bawag, Hackl came to know the hedge funds well. His name often appeared in early regulatory filings as the contact person for Austinvest, Austost and Celeste.

None of those filings, however, ever linked Hackl to Bawag.


don

if anyone knows does Bravo still have financing notes/debt/convertible with these guys? I will check my old records from 2005 and post if I find anything.
What follows comes off the 2004 Annual Report:
                                                     
10K RE 2004 ANNUAL REPORT:
Current liabilities:                                     2003          2004
Note payable to International Paper      $187,743     $187,743
  Notes payable to Alpha Capital             100,000      217,954
  Notes payable to Mid-Am Capital LLC     150,000      111,262
  Notes Payable to Libra Finance                     -         40,106
  Notes Payable to Longview                         -         54,086
  Notes Payable to Stonestre                        -         47,014
  Notes Payable to Whalehaven                    -          17,082
  Notes Payable to Bi-Coastal                        -          13,649
  Notes Payable to Gem Funding                   -            8,231
  License fee payable to Warner Brothers   147,115    147,115
  Note Payable to Gamma                              -          59,678
  Note Payable to Momona                            -          25,885
  Note Payable to Ellis                                   -          25,885

David Randolph

I will pay close attention to tomorrow's conference call from BRVO.OB. If I don't buy back the stock soon I'll have to remove this thread to the «3 SOF Previous Picks» message board.

I wonder which one will break first?


don

Re; my post of the same article which Fillthegap was referring to. Excuse me for double posting the same 'news' - my screen did not display his quote of the same article.
Mostly crap if you ask me. Just wonder who is keen to stick the knife in at this point. Anybody got any dirt on the author, (By Matthew Goldstein) or has he a legit reputation.? Don.

fill_the_gap

Bizarre trading on Level 2 to say the least.   ???
Just one opinion, do the research