is too big to fail
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yup.
However, that's not to say that the parties who have received shares in payment for services, or for debt, or whatever, are not selling on a daily basis.
The daily dumping could be diluted shares, but they're "one step removed" from coming directly from the company.
Nope, he can't sell either, which is what I said in my original post. There are others on the board claiming that Brian personally is buying/selling, not me.
For a SEC reporting company there are very strict rules around when and how company officers can buy/sell stock, because they are generally always in possession of inside information. Usually officers can only purchase/sell through a structured plan which would be filed with the SEC.
In the pinks, who knows? Maybe Brian's mom is buying them....
Obviously, you can believe what you want, but there's just no factual, believable, or for that matter, possible scenario that fits your belief.
As the CEO, Brian can't buy or sell shares on the open market.
If you're talking about the company buying back shares, they're not. They've issued about 200 million shares in the past month, they're not buying them back a week later...
Oh, and don't skip over the fact that approximately 88% of their reported net gain came from sales of stock, not beverages ($261k/$295k)
It's actually worse than that; the statement of cash flows should show the changes in A/R and A/P, but he reports the absolute value of the receivables and payables (note the amount of A/R in the cash flow statement is the same as on the balance sheet).
Of course, the whole thing doesn't add up since the statement of cash flows shows a increase of cash of $767K, but the balance sheet only shows $268K cash on hand.
And we can only assume that the $261K from capitalization of stock is included in the top line revenue number, since it doesn't show up anywhere else on the statement of operations.
Why doesn't he just hire a freakin' accountant and stop embarassing himself on a quarterly basis?
NYSE? What a joke....
They're not real big on the details....
They're also not real good at geography (or spelling).
This from their facebook page
Welcome to the Relaxation Revolution !!!!!!!!!
Walgreens
31 Calvery Dr
NY NY 10956
YEAH BOY! Right in Manhattan!
Google that address (but spell it correctly, it's Calvary, not Calvery) and see how close to Manhattan it is.
sales will become asstronomic with this new distributor.
He may have been saying this tongue-in-cheek, so to speak....
$1.88 a can is the revenue Walmart is receiving, not what Bebevco is getting. Bebevco is getting whatever Walmart is buying it from them for (minus a distributor's cut, if there is one).
The guy in Washington that was selling it said Bebevco was selling it to him for .95 per can; I can guarantee you that Walmart is paying far less than that for it.
All that, and people will still argue with you 'til they're blue in the face that this is the next Monster or Red Bull being led by the reincarnation of Steve Jobs.
Truly amazing...
What you want to watch is the Wyoming SOS site to see if he raises the authorized. If he does you can take it to the bank that those shares are going to be issued into the float in fairly short order.
You know, to not handcuff the company's growth or anything....
Read the update, that "proportional piece" just went out the window.
So the shareholder update says the new company will be formed and the current company dissolved when "the timing is right".
What happens to people holding shares in BBDA on that day when "the timing is right"? Sounds to me like your shares immediately become worthless. It's just turned into a game of musical chairs for current shareholders to see who's left holding the bag when the lights get turned out.
How else could you interpret the update? There appears to be no protection for current shareholders; they're going to have to dump their shares at some point for whatever they can get before BBDA is dissolved.
hmmmm....what happened to "current shareholders will receive an equal share of the new company"
BBDA in any form will never hit the market cap criteria, much less the asset / revenue / equity thresholds.
With the current share structure it would have to trade at about .06 to meet the 150MM market cap criteria. Even if he reduces the share count by 1000 fold in the new company, in order to generate that market cap the price has to rise by the same multiple, in this case it would have to trade at $60 per share.
Their most recent "financials" list just under a million in assets; $74 million short of the criteria
Revenue for this year would project out to about 6 - 7 million, over $40MM short
Not in this universe....
except that he PR'd this...
Starting around the 1st of June, 2013, KOMA Unwind Relaxation Shots will be available for purchase in 380 Barnes & Noble bookstores
So I guess it wasn't some evil doer basher who must have bought shares for the express purpose of dumping them for a loss at the close just to make it look bad, huh?
It's exactly like Vegas and if you remember that you'll have a chance of making a buck or two.
1) The odds are not in your favor
2) The house always wins eventually
3) Take profits
4) Don't bring the rent money to Vegas
Good luck!
btw, you may not want to ignore all of the bashers, some of them know exactly what they're talking about.
imo, of course.
Just curious, but what's your sell point? I mean, you have to sell eventually or what's the point, right?
And will you be announcing to everyone when you're finally selling, because that would only seem fair since you seem hell bent on telling everyone to hold.
lol...have you looked at BBDA's balance sheet? There's no telling what may or may not show up there.
The PR was sufficiently vague so as to leave people guessing as to the actual financial relationship between the two companies.
Of course none of that is really relevant to what's going on now or in the future with the pps; as a non-reporting, gagged TA, unaudited pinky it runs on hype and/or promotion, nothing more, nothing less.
Nice run though, let's see if it has the legs of last year's.
Could be, and wouldn't shock me, but's it's pretty impossible to prove in this case.
Form T trades (in the pinks) are just trades that occured during the day that for some reason didn't settle. They're not after hours trades, because there's no such thing on the pinks, and they don't affect the actual closing price.
yup. Some will make out, but in reality there's more bagholders being created as we speak.
1) There are no shorts
2) Those yelling "HOLD!!!!" the loudest are generally the ones selling the fastest, in my experience.
Enjoy your run, take your profits, ride freebies if you can.
Buy and hold in the pink market is a losing proposition 99.99% of the time, and this sure isn't the .01% that isn't.
I really do hope some regular people end up making money off of this, but unfortunately that's not usually what happens.
It's back trading where it was at the beginning of April, I would hardly say the doom and gloomers have been proven wrong.
It's still a non-reporting, gagged TA, pinky.
What's it's doing is enjoying a nice little front-loaded, momo built run that all pinkies have.
Enjoy your day, and don't forget to take your profits, because the front-loaders certainly are....
Being that he has blown through every self-imposed "cap" to date, I don't really see how anyone can argue this point anymore.
I'm sure Olaf probably knows, but has anyone actually counted the number of times he's either PR'd or stated in a shareholder update that the a/s has been capped at some level or another?
It's got to be at least 3 or 4 times.
One time, maybe two, I could conceivably (I don't, but conceivably) give him the benefit of the doubt that business conditions changed, or whatever.
For Pete's sake, it was only, what, 2 months ago he issued the update about the 2.4B cap? He can't forecast business needs 2 months ahead of time?
At best, he's a capable salesman. He has proven to be completely incompetent as a CEO.
But don't forget that in addition to share price thresholds, there's also market cap requirements ($40,000,000 if my memory serves)
So the decrease in shares and corresponding increase in pps isn't going to help him anyway, at least in terms of meeting the NYSE requirements.
Well, not to split hairs or anything, but when he said this (6/18/12) the o/s was 2,249,111,020:
"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.
Less than a year later the o/s is 2,399,000,000
That's 150,000,000 shares issued after the "end of marketplace capitalization"
We won't mention the last sentence of the statement either.
But good luck with your investment, it is due for a pop soon.
Excellent questions. Also, consider the fact that in 2012, Coke's operating profit was about 5%, Pepsi's was about 14%, and Dr. Pepper/Snapple was roughly 18%.
Yet somehow BBDA manages to clear 33% operating profit? While making a large portion of their sales through Walmart, a retailer with a known reputation for allowing their vendors only the slimmest of profit margins?
And they still have idea how to construct a cash flow statement or a balance sheet. What makes anyone think they know how to correctly report revenue?
I just don't see how you can believe in any of the numbers on any of the reports.
In theory you would have an equal share in the new company, which would not equate to having an equal number of shares.
Example:
If the current company has 10,000 shares authorized and you own 1,000, you own 10% of the company
If the new company has only 1,000 shares authorized, your 10% ownership would equate to only 100 shares.
Same % of ownership, different number of shares owned.
Correct. The o/s was about 12 billion, they reverse split it (1000:1) down to 12 million, and subsequently have run it back up to 2.5 billion, which would be the equivalent of 2.5 trillion pre-split.
My original comment was missing that important piece, thanks for pointing it out.
The o/s is about 2.4 billion after a 1000:1 reverse split; that's the equivalent of 2.4 trillion
keep lyao
about $6 - 7 million, give or take.
While you're at it, explain to the newbies how the company is going to uplist to the NYSE when they don't meet any of the listing requirements.
They need three years of audited financials validating certain income levels; there's no way that's going to happen. They don't meet the criteria and I doubt very much if they want anyone poking around in their 2009 - 2010 books.
Or they could start auditing their financials starting today, which would put them at at least 2016 before even being considered.
What, you don't think they can maintain a $4.00 stock price with 2.4B outstanding?