Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Confusing is his claim that the discount to market is yet to be determined. Seems to me that in order to deliver on his 1.5X value statement the discount to market with be 33%. It's not hard to do the math.
However, the exchange ratio will take into account the new, yet to be named, company's stock price so that BBDA shareholders can swap their stock at a discount to whatever
the market price is at that conversion time. That discount to market has yet to be determined.
I don't for a fact, but from what I've read regular sodas typically have a 6-9 month shelf life and diet sodas less.
http://shelflifeadvice.com/beverages/soft-drinks
http://blog.denverbreaktime.com/2011/09/14/shelf-life/
They're safe beyond that, but the sweetners start to break down and the flavor suffers.
Not all stock issued for services are restricted. In fact, most of the time when it's being issued to a vendor it isn't restricted. So, yes, they could be issuing stock for services, but if they are restricted then that information should be included in the financial statements.
Oh, I'm sure they'll hand out some free cans and take some pictures for facebook. Why wouldn't they? The cans are free for the comany to produce since they use other people's money to fund all of their operations anyways. They've got to do something with that stack of expiring product sitting in the "global headquarters."
Still waiting for a reasonable explanation from the company as to why dilution is necessary at all given their reported operating results.
Except that alot of what you call "bashing" is actually objective analysis.
Because I had no reason to question her information when she gave me exactly what I requested. It's not her fault their systems can't handle BBDA's ridiculous share structure.
I used the correct number. Perhaps you should develop the ability to read more than one post at a time and you would see that the situation has been clarified.
Yes, I figured that was a possibility, but as that's not what was stated to me on the phone I did not want to make that assumption.
Call them yourself. 99,999,999,000 is the exact number the lady gave me over the phone. Her statement was:
"I'll give it to you in numbers, nine, nine, comma, nine, nine, nine, comma, nine, nine, nine, comma, zero, zero, zero. That's a lot of numbers. <laugh>"
I of course read it back to her to confirm that I had the number correct.
Yes, but TA is updated more quickly based on the company's instructions. So if they intended to "fix" the "error" then it could be reflected at the TA already. I guess 100 billion is better than unlimited though.
Everybody is free to call and verify. This is what I was told when I called.
TA is not the same as the WY SOS.
Just talked to the TA and it looks like the AS has indeed been "fixed". According to Madison Stock Transfer the numbers are now:
AS: 99,999,999,000
OS: 2,795,000,000
I'm sure that reduction from Unlimited makes people feel much better now.
Lol. Working on accuracy and inventory? They don't know how many cans of hormane laced grape soda they sold in the quarter and they don't know how many were sitting in the warehouse as of 6/30? These guys are on the ball.
Hahaha. Classic. Insiders and taking a dump on common shareholders daily and folks are just eating it up.
You can't buyout a pinksheet company in which the CEO has unlimited power. It's simply impossible. Even if a company bought every share on the open market it wouldn't do them one bit of good because the CEO has the right to do whatever he wants, whenever he wants, without shareholder approval. When was the last time any of you were asked to vote your shares on a BBDA related decision? That's what I thought.
How about 5 cents a can? All they said is "BeBevCo develops and makes the product plus margin right here in the USA." Could be cost plus a penny for all investors know.
You keep throwing that 50% number out there, but not even BW has been bold enough to make such a claim.
You're right. He's ready to move forward with his plan to torpedo BBDA before reverse splitting into a newly formed entity.
His excuse simply doesn't pass the common sense test.
BW: "Hey young employee, please prepare a request for the SOS of Wyoming to increase the number of authorized shares."
Young Employee: "Sure thing boss."
Young Employee(thinking to self): (Hmmm...I wonder what I should increase it to? I know, better to set it to UNLIMITED than to ask for clarification.)
Young Employee: "Here you go most wonderful boss in the world. It's all ready for you to sign."
BW(thinking to self): (Hmmm...I just told this young employee to prepare an official amendment to raise the authorized shares. Maybe I should look it over. Nahhh, I'll just sign it.)
BW: "Here you go young employee, all signed and ready to submit. Here's a check for $50. I think I'm going to make you employee of the month this month for all your hard work."
You have to understand how ridiculous that excuse sounds right? A young employee is going to unilaterally decide to raise the AS to unlimited without being told to do so by the only one with the authority to make that change? One would have to be incredibly naive to buy that.
I nailed it!!!!!!!!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90946237
So, what fluff PR will BBDA release today to try and divert attention from the share count? My bet is on a new distribution agreement that will never amount to anything. Could be something Euro related, but he fired that bullet last week.
Don't worry though. The CEO said it was an error. Even though his signature is on the official filing authorizing the increase. You can find a link to the filing in the stickied posts.
Obviously more people became aware of the increase in AS to UNLIMITED over night. Looks like a dead cat bounce before additional selling starts.
A separate company financed with BBDA money. Those salaries are being paid with money funneled from this company. The Euro company doesn't have any revenue.
BBDA shareholders are his source of income. He uses their money to finance his racing hobby and I have no doubt he used it to fund the Euro venture as well. $2 million missing from BBDA...I wonder where it might have went?
So, what fluff PR will BBDA release today to try and divert attention from the share count? My bet is on a new distribution agreement that will never amount to anything. Could be something Euro related, but he fired that bullet last week.
Not only missing most of it, but incorrectly stating the part that they do provide. It's just a copy/paste from the other statements.
Exactly. Let's face it, any non-reporting pinksheet company in which the CEO has the power to unilaterally increase the AS at-will has an unlimited AS anyways. This simply drives the point home for those who refuse to acknowledge that fact.
http://www.otcmarkets.com/financialReportViewer?symbol=BBDA&id=105866
It's on the first page.
The best part about this is watching the BW acolytes trip over themselves trying to deny the cold hard facts of the situation.
He seems to respond to all posts from the bottom up, so he should get there by tomorrow morning or so. At which point he'll dismiss it as being unofficial until confirmed by the CEO who lied about it to begin with.
Did you look at the link to the actual filing? Does that look like an error to you? Seriously, I could maybe understand if they raised it to 50 billion instead of 5 billion due to an extra zero. But it's hard to accidentally spell out the word "unlimited".
Somebody needs to screen capture BBDA's lies on FB and send it to the SEC along with the amendment. Further fuel for the fire.
The SEC has nothing to do with it.
LOL. If anybody actually believed that this was an accident then I leave them with the immortal words of the world's greatest mind, Keyshawn Johnson, "C'mon Man!".
Every successful scam has people that make money, otherwise there would be no point to running the scam.
I'm not missing anything. Re-read the quote below and try to do so without adding your passive aggressive defense angle. He stated that the buyback would begin in at the end of 2012 and continue on into 2013. So while you're right that it doesn't say Q1 2013, they have clearly missed the timeline that the CEO laid out, as usual.
http://bebevco.com/bebevco-ceo-comments-on-end-of-marketplace-capitalization/
“So, between this private financing, increasing revenues and profits at the organic level, we feel it is time to end marketplace capitalization through the sales of stock into the marketplace. Additionally, by the end of this year and into next year, we will begin to systematically buy back the stock in the marketplace and substantially reduce the amount of stock outstanding,” Weber continued. - See more at: http://bebevco.com/bebevco-ceo-comments-on-end-of-marketplace-capitalization/#sthash.ipB6Rsga.dpuf