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NBEVQ: Bankruptcy PLAN effective. All shares cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
Willis no longer employee of NewAge, so nothing to cease.
Company in BK reorganization receivership, so it's a brand new age world.
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So am I to believe all he gets is a “cease and desist” order????????????
SEC: slap on the wrist, with a smile. "We're good, have a nice day, good luck."
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I'm unable to buy via TD or Fidelity. Fooking SEC.
news on NBEVQ after hours: SALT LAKE CITY , Sept. 09, 2022 (GLOBE NEWSWIRE) -- NewAge, Inc . (OTC: NBEVQ) (the “Company”), the Utah -based direct-to-consumer (D2C) organic and healthy products company, today announced that its wholly-owned subsidiaries, NABC, Inc. and NABC Properties, LLC (together, “NABC”), have entered into a definitive agreement to sell the legacy direct store distribution (“DSD”) division to Legacy Distribution Group , a Colorado -based distribution company.
Can buy all day long now. $5Mish market cap. Do commons get wiped out? Certainly possible. But if they don't, should be significant more than double the upside to offset the possible 100% loss. I like the risk-reward here.
$NBEVQ is at $0.033, which is basically my target. Can't buy it via conventional means today: TD or Fidelity. Maybe tomorrow?
NBEV changed to NBEVQ, bankruptcy. Delisted from the Nasdaq to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
NBEV: A lucky Court (interim) decision sends Stock UP by 21% on E-Turd's "Extended Hours" perspective; & they get $16-Mil. (interim) "financing" during the Chap. 11 process, to boot; or maybe a BUYOUT offer too??? (Endless MAYBE's --- but THAT's precisely what drives today's 'Global TRENDING Machine' investing science???)
https://www.globenewswire.com/news-release/2022/09/02/2509454/0/en/NewAge-Inc-Receives-Court-Approval-of-First-Day-Motions.html
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https://investorplace.com/2022/09/what-is-going-on-with-newage-nbev-stock-today-sept-2/
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DISCLAIMER: BEFORE investing in ANY stock, please consult with MY (proven) 'Personal Financial Planner', below!!!
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Would rather hold on then take what I have left
“Filing for Chapter 11 bankruptcy allows a company to restructure its debts. · In some cases, companies are able to emerge from bankruptcy stronger than ever.
The rate of successful Chapter 11 reorganizations is depressingly low, sometimes estimated at 10% or less. The complex rules and requirements in Chapter 11 increase the costs to file the case and prosecute a plan to confirmation far beyond than other forms of bankruptcy.
GLTA
Hmmmm watching!
"stalking horse” bidder, DIP Financing, LLC.
Sewage Beverage @ .215
NBEV > up 67% @ .204
Institutional ownership usually has covenants requiring selling for stocks being delisted. Looks like a lot of them decided the first day of the 4th quarter was the best time to unload and take losses. Next week should produce a "bounce point". I'm targeting ~$5M market cap (~$0.035 share price), as well as 10 on the RSI.
Hang on snoopy, hang on....
It may well be that shareholders in the case could come out okay, depending on their basis. The issue will be how much per share the stalking horse buyer is willing to pay. Yesterday some buyer thought over $0.50 would turn them a profit. Remember that the current CEO and many other insiders hold massive amounts of shares and so they have an interest in protecting shareholder value as much as possible.
Chapter 11 bankruptcy has not always been the kiss of death for shareholders.
Anybody who spent money they couldn't afford to lose on shares since Willis left did not use their heads. It was going to be a moon shot any way it unfolded. It may turn out to be a good investment yet.
https://www.thebalance.com/what-happens-to-stock-when-company-files-bankruptcy-3141358
$NBEV yeah filed for BK and cratering go figure.
Newbies scare and don't understand bankcupy
I dont get it. Bankruptcy Chapter 11 filed and premarket selling??
How’s that?
F—-!
Check out the BK filing. $310m assets, $149m liabilities, 146mil o/s..
Hello
Filed chapter11 today. We all lost
Somethings up, including the stock price..
You are correct, this is a high risk situation. Hoping the other side of the coin lands up. For me it's a "risk no more than you care to lose moon shot".
They will most likely get delisted very soon unfortunately. They were issued a minimum bid letter in February. Plus all these late filings seems to be a high risk investment. my opinion
Wow, this thing has really gone down hill.......total SCAM
Blah blah... crime. More interesting news is NewAge is in a reorganization phase. Bank loan subject to default now too, hence. the company reorganization. CFO was let go so the reorg team can take over. It's either a great time to buy NBEV, or she goes much lower. Question is what and how well mngt does to trim, pare, and redirect the company.
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Ominous(?)https://www.marketscreener.com/quote/stock/NEWAGE-INC-34019204/news/NEWAGE-INC-Notice-of-Delisting-or-Failure-to-Satisfy-a-Continued-Listing-Rule-or-Standard-Trans-41352004/
What the prior CEO did here should be able to be investigated as a crime.
Good luck too ya! I took a first bite at about 0.29 and a quarter. I usually set a stop loss, but where I would record that I've indicated "Moon Shot": intend to ride it out close to ZIP if necessary. I figure the insider interest almost guarantees some kind of profit from that level, unless the last CEO just sucked the last breath out of it.
ABRW... now those were the good 'ole patient days. loaded up for what now feels close to a year from around .68 down to .28
still my biggest winner in 10 years.
came back in with the same idea. avg .34
Years ago I inflated my small ROTH Account into a big account by successfully investing in NBEV and one other microcap stock. I sense that it is a good time to see if another small (can afford to lose it all) investment in this company, based on the hope for a successful resurrection, post-Brent Willis, will make it a winner again. I am buoyed by the recent skin in the game of the one of the Board members has recently made. To me the risk/reward profile has certainly flipped to the long side.
Not true! This stock is finally waking up. It's up again today! https://seekingalpha.com/article/4521882-new-age-4-catalysts-like-including-valuation-is-too-cheap-to-ignore
Rising interest rates for companies carrying huge debt is very problematic.
no buyout and this will suffer long time
That's a shame as CBD is going to make a big run in next 4-20 months.
Big Box retailers and Consumer Product Groups are lining up large orders, spurned by the pass of AB-45 in California.
Would have given this ticker a big run when the news of this stuff going on in the shadows right now surfaces.
I don't think so. I think when they bought ARIIX they dispersed most of their beverage products like Xing and Marley.
#DDAmanda Chart on: $NBEV :
You can scan for these before they run.
Contact/Text: 760 702-2009
What the Fact (Factor) Column is:
The Factor is a proprietary indicator used for scanning in #DDAmanda.
It's defined as Today's $Traded divided by the average daily $Traded (20 day avg).
SO, if a stock has say a 10 Factor that day, it means she traded 10 Times the $ she normally trades.
That's significant, and many times indicates that a run in the stock is coming.
Does NBEV still own Marley Brand for CBD drink distribution rights?
Easy 30% gain from here on new CEO news alone, or another 20% drop with silence. Eventually, the recovery run will happen to keep 1 buck listing requirement....Btw, I have been noticing some above normal accumulation at GLUC the last few weeks....We may be ready for a pop there as well!
Good luck. Basically exclusively made it's runs in recent years on roll-ups. New CEO in the works so the roll-ups may be a thing of the past. They're going to have to make a push to maintain their listing so that might be worth a play as well.
Just loaded up on NBEV at .69 ( may grab more at .6 if it happens) Way undervalued here.
Your right, it's called ALK88 CBD INFUSED FLAVORED DRINKS . STOCK SYMBOL (WTER) STRONG BUY & HOLD. NBA GREAT "SHAQ" Now brand Ambassador & Board Member.
After more than 5 years at NewAge and leading it from an idea to now more than $450MM, I am excited to be moving on to my next challenge. There are so many good people at NewAge, such a great team, so many amazing brand partners. It has been an honor and incredible journey serving them and creating an incredible platform from a start of 4 people, a big financial hole, and an un-reporting OTC stock at 19 cents. No road to success is ever linear, and NewAge’s path is no exception, but the road in front of the Company looks awesome.
There are so many good things in place to drive transformative value for shareowners going forward and I am excited for their impending return. Many of those things have already been done so now it is down to execution, at which the entire NewAge team is amazing. I am excited about the future for NewAge, for me personally, and most importantly all the employees/friends within the Company, and …most most most importantly all my lifelong friends, so many of the Brand Partners at NewAge across 75 countries.
We set out to make a difference for the planet with healthy products, and to share the wealth with everyone that contributed. That purpose will never be complete, because we can always all do more to educate, to train, and to inspire, but wow, did we ever stay true to our cause.
I am looking forward to keeping up our relationships. They take time and effort, but in the long run friends and family and health are a few of things that actually really matter. It is a new day for everyone at NewAge, there will be new ways I’m sure, but that will bring new strength, and new growth. And I am excited personally about what will be new for me too, with a new email at brent@brentwillis.com, new phone at 303 817-3443, and new opportunities to serve.
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