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There are like 5 "longs" on this stock, so whether they stay or go doesn't really matter.
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
http://www.investorpoint.com/news/BUYBACK1/46138315/
"Daisy and I have thought this through and we believe this is the best action we could take now to show our shareholders that we are serious and dedicated to build this company," said BeBevCo CEO Brian Weber. "We have had a very successful 2011 and we are expecting big things in 2012 in North and South America and with our expansion to Europe. With the money we expect to raise in Europe in addition to our revenues, we expect to start the process of retiring more stock and a soft stock buyback in early 2012," said Weber.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_XLYhMRTY4Q
Trying to avoid reverse splits by any means possible and staying true to our goals of category dominance over the next 6 months is our primary focus, as the receivables increase we will start a systematic share buyback as the months go on," added Brian Weber.
Someone like him? Nobody has any idea if anything he claims is legit. Is his linked-in page supposed to be considered a reliable source? I could go create a linked in page right now claiming myself to be a former CEO of Morgan Stanley if I wanted to. This guy is nothing but a wannabe penny stock pumper.
The Q2 fins aren't going to address the $2.3 million in missing profits from the last 5 reported quarters. Do you think that their Q2 expenses were so great that they exceeded operating revenues plus $2.3 million in what should be retained earnings? Keep advising people to stick their heads in the sand.
Losing an argument? Hardly. There is not one single reasonable argument that can be made for why additional dilution at a severe discount to market value is necessary when they claim to be rolling in profits. Don't forget that they're selling those shares cheap, cheap, cheap, so it's much more damaging to the shareholders relative to the amount of cash generated.
Again, that has nothing to do with what was shown as of the end of Q1. If they had pre-paid Q2 expenses in Q1 then they would show up as, wait for it, "Prepaid Expenses" on the balance sheet. Sales being high in Q2 has no bearing on the lack of asset growth relative to reported net income.
And his explanation is just as nonsensical as yours.
What you are saying has absolutely no bearing on what should have appeared on the Q1 financial statements, or the 2012 year end statements for that matter. There is absolutely nothing to connect the discrepency in their reported net income and the lack of an increase in assets due to a completely worthless excuse for a statement of cash flows. There are only 3 possible answers:
1) The net income number is incorrect.
2) The balance sheet is incorrect.
3) The money was removed from BBDA and transferred to another entity or person without notifying BBDA shareholders.
Either way, something is fishy in Komaland.
Only the ones trying to make excuses for what could easily be explained by the company if they chose to do so.
We're on the same page now.
Even if they just left it as cash on the balance sheet it would still result in an increase in assets which is one way to measure growth. You're right that a growth in current assets doesn't necessarily indicate sustainable growth, but it's growth nonetheless. Obviously you're talking about sales growth which is a completely different measurement.
If the cash was being reinvested into the company as it should then assets would have increased and you would have evidence of growth.
It doesn't matter if dilution is down. The question is why is it needed at all when the company is making $500K a quarter in net income? Investors have been told that the money IS NOT being used to finance the Euro entity, so where is it exaclty?
This is not a question of optimism or pessimism. It's a question of realism versus fantasy. All of the signs of dilution were plainly evident for anybody with an objective viewpoint.
Bad advice? He's managed to fund his racing hobby using other people's money for going on 5 years now. This was his goal from the beginning and the advice he got seems to have worked out great for him.
How could anybody possibly have been surprised by the fact that he's maxed out the OS...again?
Yes, you are technically correct, but when trading a transaction at the bid is considered a sell and a transaction at the offer is a buy. So, in context of what's being discussed it was a sell.
If you think something is in violation of the ToS then there is a handy little "Report TOS Violation" button at the bottom of the screen which queues to the admins.
Personal attacks against company officials isn't a violation of the ToS. Personal attacks against other posters is a violation.
Whip, his post was dripping with sarcasm in case you missed it. Also, that number is from a famous song.
Where was it stated that the profit sharing was going to be 50/50? I saw a vague statement about sharing profits, but nothing with numbers attached to it.
What in the world did you want with 7 cases of the stuff?
I'm afraid you are in this case, but believe as you wish. In fact go back and read the PR where they announced he was serving on the board. All of the description of what he does for Coke is in the present tense, not the past. Go on BBDA's facebook and ask for clarification if you like, but he is not an employee of the Euro entity. That's the definition of a non-executive director in fact.
There's no conflict of interests. He's a NON-EXECUTIVE Director. High level execs serve as outside directors on the boards of other companies all of the time. I can 100% guaranty you that he still holds his position with the Coca Cola bottling company.
You think he quit his job as the VP and GM for a major bottling company in Poland to work full-time for the Euro startup? Are you crazy?
You must not have looked very hard. I even copied and posted the part of the disclaimer that clearly states they were compensated BY THE COMPANY. COMPANY = BW.
Here's one. There were many others.
http://newsletter.hotstocked.com/newsletters/view/BeBevco_following_up_on_my_email_from_Sunday-1030762
Links were provided to you stating that the stock promoters were compensated $2500 by BBDA to run the campaign. It's not clear whether or not the $2500 covered all of the sites or if it was $2500 each.
You're getting your BW-related companies mixed up. Not hard to understand given the ridiculous number of affiliates and subs he's created to run this very simple business. BW and Ahmed own the EuroAsia company. What's being discussed today is the newly created Bebida Beverage replacement company, and nobody knows anything about the management of that company.
That 4 million bid was at $.0036 as well, but as soon as $.0036s started getting hit it dropped. MM smokescreen.
Bid $.0035. Realization of what is taking place here is starting to occur.
So you're happy that you'll have to buy stock in the new company when initially you were promised that it would be issued to you for free? BW loves you guys.
In other words, dilution will continue. Also, your money was used to fund the EurAsia company but you won't see much, if any, benefit. He's also changed his stance from everybody will own the same percent of the newly formed company to "Current shareholders will be given a discount to market offering on our NYSE Company" Whatever that means. Keep on keepin on...
A couple months I guess. I posted on here when I filed the complaint. No, I haven't heard back and they state very clearly when you submit the complaint that they won't provide any updates until they have completed the investigation and take action against the company. If the investigation is ongoing they won't say anything, and if it's complete but nothing was done they won't comment either.
It was a pilot program from the beginning to see if there was any demand for the product. My expectation is that the products will be completely out of Walmart by year end. Maybe sooner.