Bravo Multinational Incorporated (OTCQB: BRVO) announces that it has been made aware of and requested by the OTC Markets Group Inc. to comment on recent trading and promotional activity concerning BRVOs Common Stock.
On January 2, 2018, OTC Markets informed the Company that it became aware of certain promotional activities concerning Bravo Multinational Incorporated and its common stock, including the distribution of promotional newsletter emails encouraging investors to purchase the Companys common stock.
OTC Markets notified the Company that this promotional activity affected the trading activity and the market for the Companys securities, BRVO. The Company understands this promotional activity coincided with higher than average trading volume and fluctuations in the Companys stock price. The Company remained unaware of the promotional activity until informed by OTC Markets, and remains unaware of the full nature of the promotional activity, the extent of the dissemination, or the responsible parties.
Companys compliance investigation questioned its executive officers, directors, controlling shareholders (i.e. two shareholders owning 10% or more of the Companys securities) and third-party service providers. The Company, its executive officers, directors, its controlling shareholders and third-party service providers attest no involvement in any way with the creation or distribution of promotional materials including these email newsletters.
Additionally, neither the Companys executive officers, directors or, to the knowledge of the Company and controlling shareholders or any third party service providers (past or current), sold or purchased shares of Common Stock of the Company within the last 90 days.
Further, the Company, other than disclosed in its periodic reports filed with the Securities and Exchange Commission, issued any shares or convertible instruments allowing conversion to equity securities at prices constituting a discount to the current market rate at any time of the issuances.
Currently, YES INTERNATIONAL (YES), an entity controlled by Richard Kaiser, a BRVO officer and director provides limited Investor relations services at NO cost to BRVO. YES, a third-party service provider maintains no knowledge of the unauthorized campaign.
The Companys past engagement with RedChip Companies expired and no reengagement commenced. The contract expired in July 2017. BRVO issued 3,334 shares as part of the contract but those shares remain restricted.
BRVOs management, directors and controlling individuals acknowledge that the Company and its insiders had NO knowledge of these email promotions, an unauthorized promo campaign. Thus, no content distributed or paid for by management, directors, controlling entities and third-parties. BRVO maintains NO affiliations in any way with the authors of the promotional newsletter emails identified by OTC Markets.
OTC MARKETS GROUP provided copies to BRVOs management the questioned emails and certain statements in these emails may be materially false and/or misleading. The Company encourages those interested in the Company to rely solely on information included in its press releases combined with its filings and disclosures made with the Securities and Exchange Commission. The Company remains a fully-reporting issuer under the US SEC 1934 Act, with published insiders holdings reports, FORM 3, 4 and 5s.
PRESS RELEASES- http://bravomultinational.com/press-releases/
About Bravo Multinational Incorporated:
Bravo Multinational Incorporated (OTC: BRVO), a diversified company focusing on the growth of its casino gaming equipment holdings. Bravo currently holds gaming equipment assets located in Central and South America. Bravo also holds patented mining claims in the gold and silver district on War Eagle Mountain, USA. Bravos current and future growth strategy, driven by partnerships, new acquisitions, and ventures should result in financially viable and profitable long-term operations throughout the Americas.
Bravo Multinational Incorporated cautions that the statements made in this press release and other forward-looking statements made on behalf of the Company may be affected by other factors. Such factors, including, but not limited to, vagaries of trade, market competition and other risks detailed herein and from time to time in the U.S. Securities and Exchange Commission filings of the Company.
Bravo Multinational Incorporated
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