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Another FORM 10 though still not effective after the 60 days yet
I would be careful jumping aboard this one.
Per the Q2 report:
"Our selling, general and administrative expenses for the six months ended June 30, 2024, consisted mainly of salaries and wages of $1,505,300 and audit and accounting of $3,500".
$1.5M salary for doing what exactly....LOL
Been a dead shell for the last year.
Also buried in Q2.
On July 1, 2024, the Company’s Board of Directors approved a One for Three Hundred (1-for-450) Reverse Stock Split of the issued and outstanding shares of Common Stock. As of the date of filing the reverse split has not been approved by FINRA and as such the financial statements have not been retroactively restated to reflect the split.
Is not worded correctly but a reverse split and an increase of the A/S is a sign of future dilution.
CBBB now pink current
https://www.otcmarkets.com/stock/CBBB/disclosure
Read 3Q ER....another acquisition.
Float still staying small.
3Q ER released.
Another acquisition
On October 23, 2020, Andrew Gaudet entered into a Share Cancellation Agreement in connection
with the Company’s Merger with Everything Produce, Inc. Under the terms of the Share
Cancellation Agreement, Mr. Gaudet agreed to cancel 49,000,000 of his 50,000,000 shares of
Common Stock, contingent upon the Company’s Closing of the Merger with Everything Produce,
Inc., and a second planned reverse merger with Lions Bay Holdings, Inc., a British Columbia
corporation which is affiliated with Everything Produce, Inc. and beneficially controlled by Nathan
Nowak. Until that time, Mr. Gaudet’s 49,000,000 shares are held in escrow. Following the planned
share cancellation, Mr. Gaudet will retain 1,000,000 shares of the Company’s Common Stock.
Thanks for your input ...
Produce is not an exciting industry.
I am not invested here. That merger news did not excite me.
So some are selling super cheap others are hold for high #s >>>any chance for a run? Maybe I’ll just dump into the bid and get out of here!!
Correction
The float is now 5.9M.
The O/S increased due to the acquisition.
We have to assume those shares will be locked up by the acquired company.
There is some debt that will convert to shares. They will beed to eventually increase the A/S.
The float was 2.4M shares.
But now, not sure.
The 3Q financials were just posted.
The O/S has increased from 55M to 94M.
Need to find out how those shares were issued.
If it’s that high we’re are all the shares and why ask at $1.00+ much of the time last few days??
Gotta still be s tiny float
Bid 0.115 Ask 1.75 lol really Folks are selling at .11 ask should be at .15
Such a crazy spread! Lol $CBBB
Thanks....I’ll keep trying to grab a little bit here and there...
Thanks....I’ll keep trying to grab a little bit here and there
Pretty small float no? $CBBB
Grabbed a very small starter... lol $CBBB
Positive news SS is perfect. Will watch and might take a starter today
CONTINENTIAL BEVERAGE BRANDS CORPORATION ANNOUNCES MERGER AGREEMENT AND PLAN OF
REORGANIZTION WITH EVERYTHING PRODUCE INC.
OAKVILLE, ONTARIO, NOVEMBER 24, 2020—CONTINENTIAL BEVERAGE BRANDS CORPORATION (OTC:
CBBB) announced the acquisition of 100% of the ownership equity of Everything Produce Inc. (a British
Columbia, Canada Company) in exchange for 38,500,000 common shares of CBBB. Everything Produce
Inc. is now a wholly owned subsidiary of CBBB.
About Everything Produce Inc.
Everything Produce Inc is a wholly owned subsidiary of Continental Beverage Brands Corporation.
Everything Produce is a produce broker that is based out of Richmond, British Columbia. Everything
Produce is focused on becoming a leader in fresh produce sales and creating a substantial value-add
business where secondary produce can be turned into products with a longer shelf life.
Everything Produce concentrates its efforts on sourcing it’s produce from South America and Central
America where costs are lower and the growing season is longer. Our goal is to find growers in
countries like Mexico, Colombia, and Costa Rica and provide opportunities to sell their produce into the
USA and Canadian markets, bringing buyers and sellers together.
On the value-add side, Everything Produce looks to take the secondary produce that doesn’t make it to
the markets and looks to create products like concentrate, freeze dried, and powder. Currently,
Everything Produce has a freeze-dried fruit label called Happy Child, a product targeted at parents of
small children that are looking for a healthy snack that has nothing added…just fruit.
www.epfoodgroup.com
About Continental Beverage Brands Corporation
CBBB is a publicly traded company on the OTC Pink Sheets. Its goal is to acquire companies in
the wholesale food, produce and beverage space.
Investor Contact:
416-825-9367
Continentalbeverage26@gmail.com
Company is current again.
Latest Q2 ER still shows "no operations" yet.
The A/S will need to be raised from the current 100M. They have debt obligation that can convert into shares and not enough A/S to cover it.
The new CEO has not disclosed any plans for the shell and now has a yield sign on OTC Markets due to being late with Q2 financials.
CBBB is now Pink Current.
Waiting for news of the what this company will be doing under the ticker.
Q1 ER and updated attorney letter posted today. Now waiting to see what develops as a business with this one.
Should become "current" any day.
Float is 2,475,035.
Based on current attorney letter, 53,500,000 of the 55,975,035 O/S are restricted shares.
Share structure is updated.
The company has some converible debt.
1 loan in itself is stated to be able to convert into 50k shares upon default.
Let's see what the CEO does.
May have to increase A/S to be compliant with available shares to cover conversions with no revenue.
Current Share Structure:
Although OTC says the O/S is 55.9M, it is closer to 62M based on the recent filings.
the A/S is 100M
Things are rolling along here. Alessi has found a person to take over this shell. Question is, what will become of this shell? Time will tell.
With the most recent filing, now we see why the O/S increased by 50 million. It was a to provide the new CEO, Andrew Gaudet, with controlling interesting of the company.
What do you make of this?
The CBBB case is now closed.
Has an "order of dismissal without prejudice". Doesn't this mean the case was dismissed and not won by the plantiff?
They went through the trouble of updating financials and attorney letter to OTC Markets a few months ago.
Maybe something bad was found by Alessi and decided to drop the acquisition of this shell?
The O/S increased by 50 million shares between October and December share structure updates.
$CBBB Tier_Change: Pink Limited to Pink Current
OTCM Link
https://www.otcmarkets.com/stock/CBBB/disclosure
Alessi is most likely only updating the shell and then selling it off to a company looking to become public.
He has done this a few times.
$CBBB Same Address Alpha Modus. They did a watson IBM commercial.
$UNRG $RAKR $LOGG $MNTM $CORG $ADIA $DCGD $CMGO
https://investorshub.advfn.com/uimage/uploads/2019/9/30/vtxzccbbb6.PNG
https://investorshub.advfn.com/uimage/uploads/2019/9/30/kjlnjcbbb5.PNG
$CBBB
-NV SOS Officer 9/25/19 (William Alessi)
-Recent Filings/Attorney Letter
-Cust grated Hybrid Titan Management
-Alessi CEO/Founder of Alpha Modus
https://alphamodus.com/about/
IBM Conference
CBBB...23...Attorney Letter and filings...https://www.otcmarkets.com/stock/CBBB/disclosure
Alerted on the Reinstatement in January...Alessi Custodianship play...
Authorized Shares
100,000,000
09/03/2019
Outstanding Shares
14,187,015
09/03/2019
georgie18 Member Level Wednesday, 01/09/19 01:24:03 PM
Re: $hellKing post# 18 0
Post #
19
of 31
CBBB...14...Reinstatement...https://www.nvsos.gov/SOSEntitySearch/CorpActions.aspx?lx8nvq=WtmlfadP%252bDcp%252fG1fA8PY9w%253d%253d&nt7=0&CorpName=CONTINENTAL+BEVERAGE+BRANDS+CORPORATION(party)(party)
Thanks for the links.
The float on OTC Markets has not been updated since 2016.
In the attorney letter, it states the float is 5,975,035.
It also states Alessi will be paying off a $15k debt plus interest ($434) with share conversion at $.001.
So another 15.4 million will be added soon enough.
float is only 486,725 shares
stop sign should come off next week
all reports updated today
https://www.otcmarkets.com/stock/CBBB/security
ec
annual list was updated on 9-25-19
https://esos.nv.gov/EntitySearch/BusinessFilingHistoryOnline
ec
all the annual and quarterly reports hit today
probably going up from here once everyone get the word
https://www.otcmarkets.com/stock/CBBB/disclosure
ec
Why was a new case opened?
Thought the former one was awarded and closed?
Got a custodianship here:
Case No. A-19-789148-W
Hybrid Titan Management, LLC
Pretty attractive share structure for CBBB that I see listed:
Continental Beverage Brands Corp. (CBBB)
Outstanding Shares
5,975,035
01/01/2019
Source:
https://www.otcmarkets.com/stock/CBBB/security
This one should move up easily on any positive news from the company anytime soon. I will be watching.
Your very welcome...
Very interesting to see CBBB reinstated right at the start of the year. Thanks for the head's up. This is worth watching now for new business developments.
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