Was Joe V right on about the ammended filing?
Can't believe UA deal isn't done just imagine TBEV in hands of Steph Curry in NBA finals!!
Wait they had Pablo when he was a World Series winner I remember all the ads with him and the Bev......wait....no ads....no Bev!!! That must have been jonathon quick I was thinking of when he won the Stanley cup!!! Those ads were great!!!! Wait..... No ads.... No Bev..... I could go on with the patriots player they had but again no ads no Bev etc..... Good thing they allegedly paid them $800,000. Oops I mean disclosed salary of $800,000. They take NOTES & convert the cash they recieve into huge salaries..


To tha moon!!!!!!!!!!! (Made of green cheese)

Off to my workout

Glta flip it while you can!!!

That's what I'm trying to find out. I do know what they have put out in public releases by Joe V. If you know why over $1.3 Million in notes and no product for year with throwdown license I'm all ears. It can't be because they didn't have enough money because they had over $1.3 million!!!

They said in last 10q under $400,000 left in cash so where did $900,000 go without a product??? No office. No employees just Toby, mike & sales guy (plus joe v.) so where did money go?

I think that is a perfectly valid question & I would love a valid answer.

Glta

You are partially right I agree with your quote and they DID have product in stores. They also had over a $1.3 Million Dollars and license deal with throwdown. They did not produce ONE bottle with that license after announcing production. Had NOTHING to do with over promising after first run. Simply put they HAD $$& & produced nothing!!!! Now FACT is according to last 10q most of that money is GONE!!!

2 more note come due early next month. They better or that those have been bought back. Already have $800,000 that can convert at WHIM of investor. Could be tomorrow or ANY day. (Oh & 2 ongoing lawsuits)

I wish sea had simply answered my question which advisory board member he spoke to

Glta happy hunting

Curious what did they tell you or you learn about why they never produced ANY product under the throwdown label? Especially in light of the fact they announced production.

Which advisory board member were you able to get to talk to you? The only two I'm aware of is Busch & Abrahms & as far as I know they have been dead silent since they were pr'd as advisors. In fact Busch has allegedly been involved since the dethrone days & it's troubling so many "mistakes" with that kind of name attached.

Lastly how can they only have as of Jan 31 $380,000 or so cash when two recent note alone are for $1.3 million!!! That's almost a MILLION gone. On what??? Salaries? (As announced in filing) or where did that CASH go??? That is the most troubling aspect to me.


Glta (thank you for your insight)

They have announced "initiated production" last year with out producing anything. They do not have a good track record of doing what they say they are going to do in pr releases. Look at ALL the prior PR's

Caveat emptor.

Joe V still waiting for that ammended 10q any idea when that will be filed?

Glta tbev---------$$$$$.........

Hey Caddie can you find the promised 10q filing amending the salary situation? I don't see it on Edgar or online.
Joe V did pr that was coming right? The two notes alone are for $1.3 million yet Joe told new guy on board that continued capital was an issue???? Where did the $$$ go?? They did not produce anything!!

Glta

I don't recognize the name in the trademark # you listed? Should I? What dies that have to do with TBEV using dethrone name without license? If "misprint" then I'm glad we are able to proof read the sloppy incompetent work they keep posting on social media.

Any way you slice it it's trademark infringement.

Glta

Wow!! This is painful to explain this to you
Dethrone owns the name "Dethrone" they have the registered Trademarks
Go to a computer. Search uspto.gov
Type in "Dethrone"
Who owns the name & marks? Is it TBEV??
I'll help you out. The answer is NO.
TBEV would have to have a license to call themselves dethrone Bev. They DO NOT have that license & habe already been sued for that. Check PACER for the complaint.

The "new label" says "made in USA for DETHRONE BEV".
That is a trademark infringement. SIMPLE!!!

The question really is why would a "new label" have Dethrone name anywhere on it?
The company released that pic not me!

Glta

Nope why would I be kidding? TBEV using a trademark that doesn't belong to them is trademark infringement.
1) does TBEV own dethrone name? No
2) did they post pic saying new labels? Yes
3) does the new label say Dethrone Bev on it? YES
4) can a company use a name it doesn't own? NO

Pretty simple.
Plus if read the dethrone lawsuit which was settled one of the claims was trademark infringement. TBEV kept using dethrone name after license was terminated.

Why is it on there??? Incompetence probably but using a mark/name you don't own. That Los infringement.

Glty "scoundrel"

Where exactly is that information located? I don't see it in a pr or filing? Original backers did not come thru? Was there a contract? What about all the notes they sold?

What does your DD tell you about full year under throwdown. Money from notes, announced production (in June) and NO product???!!!! Everybody says throwdown is good company. Makes no sense!

Glta

Lmfao!!! That is hilarious! I guess Toby or Mike still think the company is called Dethrone Beverage! I'm sure just like everything else "it's not their fault" even though they produced the label and tweeted the pic! Can't even proof read a label!

Looks like trademark infringement as they have no right to use Dethrone name!

Par for the course!!!

Glta

I would request that you also refrain from name calling and lying. The 2 lawsuits continue with discovery. In fact last document in Texas suit was a motion to EXTEND discovery which was granted. Check PACER.

Glta

Where did you see LAWSUITS are cleared up?
That would be great news. Will be interesting to learn the terms. If you are telling the truth!

Glta

They produced zero beverage under the "throwdown beverage" licensing agreement that they had for a year. They designed bottles, website & had athletes promote. They even announced "production" and dual coast launch but again produced not one bottle!!!

No new news yesterday but huge pumping.

Big pump & dump from new posters. Get your flipping while the flipping is good! $$$$$$$$

Glta

I'm pretty sure I look at the FACTS and not just the pump. But to each his own good luck to you.

I think they will put out one flavor online only. Or maybe online and at one bagel outlet now that Rudy is off the shelves. They will do just enough to keep this afloat to get more toxic debt. Take huge salaries repeat....
Pretty good formula if you ask me.

Glta still $ to be made!

I feel Great! I have always said flip this stock. I have also said the a/s is a lot higher than reported. The o/s will have to be raised to accomadate the notes. Sad this soon after a r/s. Dilution is sad but profit can be made playing the pumps (and dumps)

Glty

No chance! More like minimum 1.5billion prob closer to 2

Joe V. The pr dude said o/s is 750,000,000 a couple days ago. However, he did not say that was an exact number.

So according to filing on 3/20/15 was 212,779,000 but over 800 million volume today and $800,000 note due on May 28.

Dilution??? What do you think?

Glta

No news. Just huge dilution. A lot of pumpers today & new posters good flipping opportunity.

Glta

How do you figure???

That news is one month old from 4/22/15.
$800,000 note due on 5/28 or can convert at 56% less than share price.
Not sure if even say the a/s is 750,000,000 does that leave enough shares for note to convert? Don't they have to have enough shares in reserve for note to convert? Isn't that the law? Just like other lawsuit where nit2win said "automatic default".
Wouldn't that mean they need to have increase in O/S even if note holder chooses not to convert???

Thank you in advance for answers.

Glta

Actually nit2win acted like he had good info on this issue:

nit2win Wednesday, 04/22/15 12:43:29 AM
Re: pnnytrdr post# 33740
Post # of 35615
The default in that lawsuit had absolutely nothing to do with making payments.

There was a provision in the note which mandated that the company keep a specific percentage of shares in an escrowed reserve account with the transfer agent at all times. When the company was stalled by FINRA on an effective date for their proposed reverse split, they inadvertently fell below the required reserve requirements which automatically defaulted the note.

The basis of the suit was on this matter. Now that the reverse has taken place and the reserve shares are now appropriated I'm sure the suit will go away. I understand that both parties are trying to settle on a appropriate penalty which should amount to little more than a non-event at the end of the day.

So if he/she is correct they fell bellow the REQUIRED reserve requirements. "Which automatically defaulted the note" So TBEV was in DEFAULT. This HAS NOT settled! Looks like "penalty" might be more than a "non-event"

But like everything else I'm sure this was not the fault of CEO, CFO or president of company.

Glta

Welcome back Nut.
Anybody know where the pr'd ammended 10q is??? I can't find a link. I'm sure Joe V. Wouldn't pr something and not follow thru!!! Wait they have history of false prs "initiated production", "dual coast launch", big box store, Etc...... Would be nice to see some follow thru....

Any news on lawsuits? All I could find was request for contuance of discovery, depositions in Texas case. No news regarding the stock case is disconcerting you would think they would have settled that one by now. Not sure what the defense is on that one. Either they had the stock or they didn't. If they didn't issue it then....$2000 per day in contract penalty is a whole lot since this has been since dec 2014!!!

Glta "scoundrel"

Agreed but a lot is dillution if look at 10q and what notes can currently convert & what notes are about to become due.

I did not guess I simply looked at the historical trade volume as listed on ihub. I then added the last 10 days together. Anybody can fact check my math. It's not a guess or speculation it's simple addition. Also if go back to 4/22/15 and just take 4 biggest days 4/22, 4/24, 4/27 & 4/29 it's another 837,616,911 shares in 4 days!!! That brings total in less than one month to over 2.5 BILLION shares traded!!

But I'm sure the o/s is only 750,000 (lmfao)

Glta JV team


Also where is the amended 10q? Can pr it but not file it? Interesting

That's absolutely laughable! In the last 10 trading days from 5/1/15 - 5/14/15 in just these 10 days 1,794,598,000 shares have been traded!!!! So.....in last 10 days only every share has been flipped over 2 times!!!

There are other recent huge trading days as well that I didn't count! I only counted last 10 (ten) days!

Hate to say it but I think Joey V. Is either lying or badly misinformed. He did say "approximately" so that gives wiggle room.

Glta "scoundrel"

Wait.... I thought nit2win said earlier to today Joe V gets back to everybody!!!!!! Are you calling him a liar!!!
Lmao

Glta

Good questions!!!
Maybe they can only produce 1 flavor & only in limited production. Maybe not enough to warrant distribution to retail brick & mortar stores! We have been hearing for YEARS strong point of these guys is distribution! Even paid a "sales manager"!!!

They can produce a couple pallets....sell online...and say look we are in production! If this is real they should also announce how big this first production is going to be.

Glta

But which one received the $800,000????
Most have been under contract for a long time is time line doesn't makes sense. Trying to figure out how $740,000 cash compensation to tony& mike became $800,000 to athletes.
Which athletes?
Why does prior filings show stock compensation to athletes but nowhere near $800,000!

Should be easy for company to explain & amend filings (if true) yet to date hasn't happened.

I believe they got caught taking huge salaries, received backlash & now are trying to back peddle and spin it.

Glta

They are not taking orders now because have no product & can't guarantee a delivery date. I thought Toby's & mikes strong point was distribution? Why online only when they previously announced they had stores ready to take ALL they could supply? Sounds like more BS!!!

Still waiting for that amended 10q that the pr'd on Tuesday. Why hasn't it been filed? Hope it contains the names of athletes that's recieved the money or shares. That could be easily confirmed.


Till the Looks like we are still dealing with the JV team.

Glta

Maybe people stick around to express outrage at the continued lies. Some people don't like being scammed & want to make sure scam doesn't continue or at least people are aware of it.

If $800,000 to athletes
A) what athletes
B) what did athletes do for the money?
1 tweet from Philly guy?

Even if I believe them now (which I don't) it would show HUGE waste of resources which could have been used for production of a legitimate product. The FACT is they got CAUGHT with there hands in the cookie jar & are now trying to back peddle!

By the way where is the alleged amended 10q? I can't find it

Go to the website in the link. You can't "make up" responses on that site! You can make up your identity NOT the responders identity! (Or for that matter there responses)
Take a minute and actually LOOK at the website!

109,700,000 in 2 trades at end of day for .0001 & .000095!!!!

Anybody else think the notes are not converting?
To bad yesterdays news did not contain any info about upcoming conversions or company buying back notes.

Production to begin June 29! Just like last year!!!

Glta

What does this link have to do with the posted emails? The emails were not anonymous. They had a name of both sender & reciever. That link allows someone to send an anonymous email to someone it DOES NOT allow one to fake emails or email responses. So......
Even nit2win attacked the messenger not the message.
The simple fact is company WILL have to increase OS or face ANOTHER lawsuit. One of the current lawsuits is about company not having enough stock when it was needed for a conversion!!!!

History repeats itself!!

Glta

Sounds like you are saying the emails are real. Maybe under false pretense but REAL answers from Mike. The important part in my mind is the content not how they were obtained.

This company has history of giving out info in emails & this is consistent with that track record!
Where does he say in emails that he can bring other investors in?? I didn't see that.
Kinda a red herring though point is increase requested to 5 BILLION shares.

So company increases to 2.5 billion.
Maxes out
Forced to r/s & TAKE 90% of shares
Now almost maxed out again
Only makes sense 500,000,000 yesterday alone plus have to have shares I case note converts on May 28!!!

Glta

I thought the accounting firm at issue here withdrew as the accounting firm. That would mean the unaudited, un-filed 10q is simply a statement put out by Joe Velasquez & Mike Holley. I am not aware of their accounting background. The last 10q was signed by Toby as CFO and did not indicate it was prepared by an accountant or accounting firm.

As you said in earlier post accountants are held responsible for "brunt" of what they put out which exactly argues my point. Why should I believe Toby unaudited filing over filing prepared by accounting firm? I would think the audited one produced by accountant would be more accurate. That's the one says Toby, Mike & sales guy took huge salaries. When another accountant says different in a filing (not pr) I'll believe it. Until then.....

Since we are on the subject what happened to Steven Plumb being brought on as CFO? Never heard a thing after that pr and he seems to have disappeared.

Glta

So how would that translate into the company paying $800,000 to the athletes? Says nothing about paying cash only stock. So if par value is .001 then would only be $8220!!!!
Makes no sense!!!! How are the my going to explain this?

Glta

This is a retread of the prior pr releases by Joe that promised production dates. Would have been better to announce ACTUAL production not future speculative production dates. Could have announced drink would be available for pre-orders on _____ date & shipping on _____ date with production already started!!! This is more kick the can!

Looking at that link http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=phPqeDPgyxHfEc3Z%252fkPl4g%253d%253d&nt7=0

I could not help but notice mike is president, treasurer etc...& Toby is a "director" I thought Toby was CEO, Founder, CFO??? He signed last 10q as those positions. Is he not CFO & CEO?
An explanation would be interesting.

Also couldn't help notice NO mention of joe abrahms or peter Busch??!!! I thought they were on the board of directors? Didn't they pr that??? I thought I saw Joe pr that.

Curious plus super low float only 220,000,000 shares!!! Yeah right has to be close to maxing out! Nothing but dilution since r/s. If low float & no dilution this would have ran like crazy on this alleged news!!

Glta

You said production is synonymous with getting it in hands of consumer! Also said by end of month! So that means either 29th same day or 30th next day.

I'm still looking for the bottles from last June company announced production also by Toby, Mike & Joe