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It is a real shame this company stays in the crapper on PPS because I still stand by the Koma as a good product with potential.
It tastes good and it does what it claims.
I will continue to buy them and drink one when I need a good nights rest.
I just don't see myself buying any more stock as long as Brian Webber is at the wheel.
I sold my shares awhile back for a small profit and have been still watching and hoping for something to make me regret selling. So far it's been more of the same and makes my decision to get out validated.
This is too bad because I believe the drink is a good product and still drink one when I need a good night rest. Under better leadership this company could go places.
I'm still going to watch it and follow board and if things start turning around may buy more.
I sold all of mine yesterday and put the little profit I managed to pull out of it in a nice big board stock with a 7% return dividend scheduled to pay in April. Best thing I've done stock wise in the past year.
I once believed in BW and this Koma. I still think it's a decent product but the PPS will never go anywhere with BW at the wheel.
There is no way I can see a positive spin on talking audited financials and buyback and turning around next week and diluting shares.
I think the truth is the company is in trouble and the drink isn't selling as well as they want us to think and Mr. Webber doesn't really care as long as he can do his Nascar hobby at shareholders expense.
Good luck.
I have been thinking about it and have finally dumped my remaining position with this company and moving on to other companies (not penny stocks).
Brian promised buyback and audited financials and we are instead treated to more dilution. I don't fault him for this but think he had no choice because the product just isn't selling like he's hoped. This also explains that 20 for 20 deal and the lack of audited financials.
I was in a SC walmart last weekend in Lexington and did not see any KOMA unwind and have also found it missing from the one here in Concord. Also, 2 bp gas stations here in my hometown have both dropped it.
I just don't think the product is going anywhere because if it was it would not be disappearing from retailers.
Good luck to any of you still holding and hoping.
someone asked on the facebook page about the Cola and this was the response...
There was a glitch on the final can design , Needed a art adjustment..It wont be long .
that is true
He should have never made promises of stock buyback and audited financials until he was ready and able to implement it.
wait until q4 sounds like more string along tactics to me. with al the growth and expansion this company has been having it is ridiculous for the pps to still be so low.
I'm keeping a few shares in the off chance it does take off like a rocket but getting rid of the bulk of them and putting it onto something more established and reputable.
quote:
Last year, I said we would consider doing a buyback of our stock to clean up our capital structure and to benefit shareholders. However, at this time, does it really make sense for us to do that? Let me explain…
There are two ways we can go with this strategy; one makes sense to me, the other makes less sense at this time. It basically boils down to this:
- Use our own funds through revenues to continue to grow this Company at a rapid pace or,
- Buy back the stock in the marketplace immediately and borrow the money for growth
At this time, if we put a stop on growth and buy back the stock, the stock price will be higher but we will have to do an equity-based financing to get the money to continue our growth. If at all possible, I think most would agree that avoiding dilution is the way to go. What do you think we should do?
However, this does not mean that we will not buy back stock; we are going to buy back stock but we are going to do so with a discretionary buyback. Throughout this year, rather than have an organized and well publicized buyback, we will buy back the stock periodically. It is in our best interest and in our shareholder’s best interest to buy back the stock over time to reduce the number of shares available in the marketplace. This feeds into our strategy which is outlined in the section below, Audit/Senior Exchange.
I don't think it's a "SCAM" in the traditional sense but I do think the CEO is questionable at best and can't seem to keep his story straight. I'm cashing my position out and moving on to greener more reputable pastures.
I'm starting to think it's about time flush this turd and put my investment into something more stable with a CEO that doesn't change the story with every update.
I just read this, was not aware Brian was already backtracking on his promises.
http://bebevco.com/state-of-the-company-ceo-update-5-feb-2013/
Audit/Senior Exchange
We feel that to best prepare BeBevCo going forward is to begin the process of getting our financials audited. We are planning to begin that process later this year. We want to move BeBevCo to a senior exchange at some point in the future and our growth as a Company will certainly justify the move. It would be much easier to facilitate a move to a higher exchange with our revenues ramping up and at a multiple of our current revenue growth rate.
At the same time, I do not believe that getting to fully reporting status and moving to the OTCQB or OTCBB is in our immediate best interest due to the cost and the time involved in getting all of this done. What I am saying is to get our financials audited and continue to get audits of each quarter done going forward. This will be a big step and will have us prepared for the move to the senior exchange.
I believe the best strategy for us is to earn a higher value for BeBevCo to get to the higher stock price required to be listed on a senior exchange such as the NASDAQ, AMEX or NYSE. However, this may not be the best or most practical route. An alternative may be to purchase a senior exchange vehicle or go through the Form 10 process and merge BeBevCo into a new vehicle or via a registration. This would benefit the Company by having a much cleaner capital structure and benefit shareholders of BBDA by having a higher- priced stock.
Again, not set in stone, but this is the solution we are leaning toward at this time.
Concord NC Walmart is selling it quite well.
It has only been on shelf a few days and when I went to store last night over 1/2 of the displayed cans were gone and the remaining ones had been fronted.
If this is any indication of how well it is selling in other stores I see no reason why BW shouldn't be able to stay true to his word and take the stock out of pennyland by doing the promised actions.
Given I am getting tired of holding and waiting but can't bring myself to dump my shares quite yet with the sales and growth in see here in my own backyard.
I'm not a gung-ho BBDA lover or a hater , just someone trying to make some money.
if your talking about the store near Concord Mills that address is
5825 Thunder Road
Concord, NC
It's about time. I called and put in a request for the Kannapolis store a long time ago and when the grocery manager called me she kept trying to tel me it wasn't in the system even though I tried to explain to her it was because SC Walmarts have it.
Thanks for the response but I wasn't looking for any bashing because there's plenty of that already.
What I'm looking for is if there is anyone who is actually in the racing business or knows enough about to tell me if what he's done with the racing is an asset or liability to the company.
Because as a novice who doesn't know nor claims to know about racing it looks like a colossal waste of shareholders money to me when he could use this money to do things like a nice commercial, etc.
I'm curious maybe someone in "the know" can explain it please.
Why does Brian spend money on truck racing instead of using this money to buy billboards, newspaper, or a decent commercial?
It would seem to me from a business standpoint the ads would reach a lot more people than Truck racing. I could see if he was sponsoring an actual NASCAR which people watch but whats the reach with truck racing? Again, I may be wrong but isn't this more of a cost vs benefit to the company?
By no means am I trying to bash the company, I just don't see the benefit of the way he's doing it with the racing vs what he could be doing with that money to grow the brand.
Sounds like no move to big boards and/or no audited financials.
We'll probably see the buyback because it has been promised and put out there to much for him to backtrack on.
So, they have until next Thurs. Jan 31st.to put out a p.r. if I'm reading this correctly. After that this will be a flat out lie if we don't get update.
(Facebook post)
BeBevCo - I'm told there will be an CEO Update in the AM with some info ,preceding a more detail 2013 plan to be layed out by the end of the month .
yes, and I am one of them.
somebody needs to update the info at the top of the page here. It still has old info saying Koma is in only 2 states.
Yes, it is not going to sell well in every single store.
That's true with any product.
We had 2 BP gas stations her in Kannapolis, NC carrying it and one of them has dropped it but the other where I buy mine can't keep them stocked fast enough.
The stores are on different sides of town.
I've been holding onto a decent position for over a year now and I see all the good news coming out but share price still teeter tottering in this 1/2 cent range. I hope something big is coming as I believe like a lot of us I'm ready to see some payoff for my loyalty.
I am disappointed there hasn't been any official announcements about buyback as it was promised to come in January and January is almost over. Crossing fingers that some buyback news comes next week.
Ok, this sounds promising. If he backs it up and stays true to his word this could mean brighter days ahead.
Where have you read or seen Walmart dropping it from shelves?
did you ask him about buyback or full reporting? As in when we can expect eithr or both to happen?
Hopefully they will be some announcements in the next couple of weeks as I am one who is getting a little tired of watching my investment trade sideways or lose value despite all the apparent good news coming out.
as someone who has been holding a decent position in this company since last spring I'm getting a little sick of this as well.
I'm almost ready to say the hell with it and sell my shares and take whatever loss that comes with it.
at some point to you have to say enough is enough.
I'm giving them until end of Jan. to prove the bashers wrong.
I don't care how qreat a product it is and how many places it sells if Brian doesn't keep his word about reporting and buyback this stock will go nowhere.
my best guess would be speculation on pending news and buyback. I'm keeping my fingers crossed that this turns into an uptrend
thanks again . I can tell you mean well and I know this is a risk as all stock is.
I have a smaller amount invested that if it looses and never makes a dime I won't be devastated.
Posted on Koma Facebook page...
The new Case trays came in this week for the KOMA UNWIND "Retreat" Kola........It wont be long now........
Ok, thanks for the warning.
BTW I am smart enough to know the difference between seeing both sides and someone who is clearly out to bash the company. So far I've only blocked one person who's soul purpose on board is clearly to bash stock and company.
good post. thanks for the info. I was merely speculating and your right I have no idea how vendors work with these big chains.
moving state to state a little at a time does make sense.
I agree. I hate to speculate but I would not be surprised at all if we see a national Wal-mart announcement.
I can live with waiting for KU Cola if it means they are pushing the other product harder which seems to be the case.
I've been holding shares since early summer and so far this CEO has done nearly everything he's promised in regards to the company.
What he has stated for 2013 sounds like it's going to be a home run of a year. The Koma unwind drink seems to keep gaining momentum and expanding into the market. They are a relatively new company and of course there is always risk involved.
Someone can correct me if I'm wrong but the only thing that hasn't happened yet that he said is the release of the Koma Cola which I'm sure is still in the works.
Right now the stock seems to be stuck at this 1/2 penny mark but with continued expansion, stock buyback, and hopefully a move off the stinky pinky sheets in 2013 I see this is a risk worth taking.
I don't think he would work so hard to put out and brand a product and work hard to get it all over the world only to do something a stupid as fraud with stocks.
Ok, so does this mean Brian Webber did something illegal or not??
lol good one :)