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That PR literally said absolutely nothing. Seriously, anybody that needs a template for how to draft a PR that seems to be important but doesn't actually contain a single piece of useful information should save this for future reference. Beautiful.
A perfectly executed pump and dump. I agree
Nothing like a PR to announce a future PR. Bringing Jared Hochstedler on officially?
Only down 53% year to date, still plenty of room to drop some more.
LOL. Used the same editor he uses for his PRs apparently.
My comments are directed at longs who've been holding for some time. You may make a bit swing trading this, but don't get caught on debt conversion day.
They're participating in a case study. For all we know it could involve 5 inmates for 1 week.
Those comments wouldn't be necessary on a legitimate company's site.
When was there good news?
They don't need speakers and testimonials, they need valid clinical trials. Congress doesn't give a damn.
It's a case study. How much do you think they're going to be paid? Likely another avenue for giving away expiring product.
Give it time.
If you read the PR you'll see that they're participating in a case study. That most likely means some grad student at the University of Kentucky got permission to do a thesis on the effects of relaxation drinks on prisoners. Doubtful anything will ever come of this aside from a thesis on the results.
MMs creating the illusion of demand. That big bid will move on down as the PPS drops. Already trading at $.0025 on the march back to trip 000s and eventually no bid.
HAHAHA! Even supporters have to realize how ridiculously stupid this PR is.
Bloomberg doesn't say anything. It's a regurgitation of an article by Ibis World, a market research company. Do you know how market research firm conduct their research? They call the company and ask them about their sales and projections for future growth. So, what you've got there is reformatted BS straight from BW's mouth.
According to the company it should be available in hundreds of Walgreens in the Detroit area. Are you implying that they may have issued a misleading PR? Perish the thought!
When was the last one? You don't think that 100 share paint job at the end of the day yesterday after 3+ million dumped below the previous day's closing price really means that yesterday was a green day do you?
They've been singing that same song since 2009 when it was supposedly selling like hotcakes in Italy and they were going to make a huge splash in Latin America.
No T trade today. Looks like they got the debt conversion completed last week before they released the PR about the denial. I wonder when they received those letters...
Lol, 100 shares bought at $.0028 to paint the tape green after dumping 3+ million shares at $.0026. Typically penny stock scam.
I'm sure that Koma was featured prominently on the TV for all 36 laps. Money well spent.
Good luck Fuente. I've learned quite a bit about the FDA from your posts over the last couple of years.
The problem is that financially they cannot continue operations without raising funds via dilution. At the current PPS that is becoming unsustainable. That means that a RS is a real possibility, and will result in big losses for people that hold through the split. If they don't do a RS, then the next step is BK, in which case all of the patents and intellectual property will go to Kelly Whelan since they are pledged to her as part of the IBEX agreement. You really, really, really, have to stretch logic to find a reason to hold this stock over the coming months, although buying in after the RS (if it happens) might be an opportunity.
GL.
Also remember that the lower the PPS dips, the lower the conversion price for the debt. In Q1 they were converting debt as low as $.0007. With the recent drop that conversion rate is likely going to be $.0002 or lower. That means WAY more shares issued per dollar of debt converted.
Wow, just traded at $.0005. All kinds of stops taken out. Day traders might have some fun here, but it's in a bad way right now.
At least they issued a PR about it this time, unfortunately this could result in some selling once the news becomes more widely distributed. Good luck longs.
It's a TENS device.
I said there's no evidence that he put any of his own money into the company. Didn't make a claim either way. Anyone like I said I'm done conversing with you. GL.
What claim did I make? Go back and read the post you replied to. I said there's no evidence he has put any of his own money in BBDA. That's not a claim, it's a statement of fact. The post I replied to said that he did have an investment in tge company. Who needs to prove their claim?
He is the one who claims to have a personal investment in BBDA. The burden if proof is on him to backup that claim.
I'm not a shareholder. Rest assured that I would be riding his ass if I were. I will continue to file complaints with the SEC whenever he releases financials and hopefully they will force him to provide the information that shareholders deserve.
Again, the balance sheet and income statement do not jive. No amount of shareholder excuses can explain the discrepancy. It is the responsibility of the CEO to provide an explanation for the missing money
No evidence that he's invested one single penny if his own money in this company.
We all know the racing is real. That's the entire purpose of this company, raise money via dilution to allow the CEO to participate in his racing hobby.
The mortgage payments are expensed and should flow through the income statement. Therefore, any money spent to pay the mortgage would be subtracted prior to calculating net income. The balance of the mortgage should show up as a liability on the balance sheet, and it doesn't. And yes, if you bought a building in cash the entire expense would flow through the income statement resulting in a reduction in the cash account and an increase in capital assets.
I'm not going to waste my time trying to explain basic accounting to you, but the end result is the financials are missing a huge sum of supposed net income, and no excuses from shareholders will explain them. The only one who can account for the money is the CEO and he refuses to do so.
All such expenses would be included in the expense section of the income statement.. Keep trying. Millions are missing if the profits are to be believed.
I've never represented or believed that the financials are true. What I've said is that IF somebody believes the company's claims of profits are true then they should be wondering where all the money has gone and why BW continues to dilute. Personally I believe the revenue numbers are fabricated. Either way the CEO owes investors an explanation.
If you look at the previously filed Q1 2013 report it listed a 30% interest in DLR. That was removed from the report when it was refiled. As usual, nobody knows what exactly they do or don't own when they buy shares of this company.
http://www.otcmarkets.com/financialReportViewer?symbol=BBDA&id=105067
The evidence is the fact that the financials are a complete and utter mess and there's absolutely no way they were prepared by an actual accountant.