If using bread: Thaw loaves as directed on package. Let rise until doubled.
If using biscuits: Remove from package and cut each biscuit in fours.
In small bowl, combine granulated sugar, 1 tablespoon cocoa and cinnamon; set aside.
In small microwave safe bowl, combine 1/4 cup melted butter, water, brown sugar and remaining 3 tablespoons cocoa; microwave on High 30 to 60 seconds, until smooth when stirred. Pour mixture into bundt pan; sprinkle with pecan pieces; heat over 350 degrees.
Roll bread dough or biscuit pieces in 1/4 cup melted butter, then in cocoa-sugar mixture. Place balls in pan. Bake 45 to 50 minutes until golden brown. Cool 10 minutes, invert on plate.
