"Recently, the Company is aware of certain large shareholders (non-affiliates) that have informed the Company that they have chosen to divest in Bravo at this time to take advantage of year-end tax planning, as well as, to move on to alternate investments. This trading activity resulted in more than 15 million shares being put onto the open market, recently. Before this occurring, the last couple of weeks the Company feels that significant short selling pressure started in mid-September, adding to the share price declines. The Company has no control over free-trading share sales."
These large shareholders dumping reasons; no profits and no positive share price increase. Also, there is no 10Q report and company keeps making excuses for their shortcomings. Maybe they heard of the litigation against them by certain individuals with the SEC.
Dumpers have their reasons. I know I am not investing anymore money until I see profits and issues are resolved.
Recently I dumped money into WDC a few weeks ago at $60 a share with dividends insteads of this uncertain BRVO company. Pennyland stocks are risky and you are basically gambling. How ironic....
Have a Merry Christmas and we will have a new President coming that likes mining, less regulations and huge tax cuts across the board. Great days are coming....