RE: RE: Bravo owns 44% of Bravada Corp !!!Guys, this is part of the spin-out deal. This has been in their news for over a year. Shareholders voted on it. This is how BVG was going to transfer the $$$ into the company.
Either BVG executes on a plan well-known, digested, and voted on by shareholders that's been around for over a year, or they put 1.5 million at today's prices. So the company stays tight and has $$$ or the financing at 1.5 million completely blows up the share structure right off the bat.
How is this a surprise? Doesn't anyone read the news over that past few years?