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As the saying goes.."a f@#l and his money are soon parted"! Watch and see.
You're wrong on both counts:
1) Just because it may"technically" not be a SCAM (i.e. fake products, etc..) does not mean it's a good business model. As I have pointed out on numerous occasions- the list is LONG of Good Products with great product placements and initial success in expansions: New Leaf (NLEF), Slammers (by Bravo- BRVO), Purple Beverage (PPBV-not so good product but had initial great placements. Apple Rush, Who's Your Daddy, Phase III (by ATTD), Skinny Waters (SKNY) etc...you get the point! They ALL failed for the exact same reason BBDA will...They ALL OVERSPENT their funds and "eventually you run out of other people's money" (thank you Margret Thatcher)! One thing is to burn your cash (funds) on marketing and promoting your brand its quite another to "Waste" it on a personal hobby like Racing!
2) If you think that it's a negative trait for someone to admit their past mistakes (especially in business) and then EXPLAIN to you what they learned from those mistakes and why they wouldn't commit them again then you and the current CEO of BBDA deserve one another and your lost is your's to blame...!!
Well said! The truth is that ANY company (public or private) that is fortunate enough to get outside funding at favorable terms (BBDA has raised over $2M- $ 3Milion since becoming public) and instead of using those funds to have a diversified portfolio of MULTIPLE products (notice that they NEVER mention the sales and distribution of their OTHER products- i.e. Potencia, Piranha Water, etc)! Instead BW used the funds to support a racing NASCAR "Hobby" which yielded NOTHING in return to the shareholders! Now he's running out of "ideas" so here comes the"Ice Cream" scam, The B/S Distributors (notice that they're not "established" dist as before that who you can call up?), etc...
They won't cut and run (initially) because they'll be the ones bidding for the stock when it breaks below $0.0006 on its way back down! BW is counting on it!! And we'll see their desperate arguments as to why its a great "steal" down in the $0.0006s! This is the SAME song and dance of BBDA going on for THREE Years! 1) Massive dilution from Convertible Debt (Death) Notes to Funding Sources at 50% discount at yearly lows, 2) Once Conversions are done (temporarily) the SAME Funding Sources pump the stock up that usually costs them $50K-$100K (all proceeds from their gains in the Dilution and Selling 100% above the market BEFORE converting- i.e. "house's money"). 3) BBDA plays along with B/S PRs saying "Dist here, there, everywhere"....post pics on FB of product placements (easiest thing to do- turn over is a different story). Sucker "new" investors to believe the pump and hype. Once dumping is done-repeat process by Funding Sources by beating the crap of the PPS and funding the company with Convertible Debt (Death) Notes all over again so that BW can continue the NASCAR hobby. Each cycle is done at a lower price with ALOT more shares in the dilution process.... hence 20 Billion Shares coming to BBDA near you! :)
Its more like 450-500M!!! They converted a lot of Notes back in December too!!
Repeat my post from January 12th!!! Played out to the tee...
Great- what an anology...in either case, I mentioned this before when someone else compared this to the Titanic: at least there were survivors in that disaster! When BBDA is done there won't be any life rafts left! We've been warning you for a long time! Watch when the NC Atty's Office starts doing their investigation and contacts the SEC. Keep dreaming that Happy Talk!
Yeah...one sided called "SELLING"!!
That's 100% right! Take a look at REALLY successful companies in this space (REED, PLSB, LBIX, LWAY) and look at their finacials, their fundamentals (i.e. no major dilution or toxic financing), and lastly their "PRs"! Almost universally they tout their "turnover" and "REORDERS" ...AFTER they place products with major retailers and distributors!! This joker (BW) thinks that the "greatest day" in the history of the company is after a "RACE"???
Must be nice to "print" yourself $16,000 "chump chnage" for the "weekend" by simply "hitting the bid"! Life MUST be Really Good- Go BW!
I heard they need $17,500 before Monday so that means at least 25,000,000 share are going to be dumpd today.....Life Is Good for BW!
BTW- Only the owners of Phase III (ATTD) and Apple Rush (APRU) have issued more shares than BBDA. The funny thing is that those two companies did the exact same thing BBDA has done (dilute to several billion shares then REVERSE split and dilute again until the party was over)! Look them up as perfect case studies. Also, at least those products tasted a whole lot better than KOMA Unwind.....
Yeap, just like these..."Purple Beverage, Bravo Slammers, Apple Rush, New Leaf,Who's Your Daddy, NuVim, Phase III, Skinny Waters, DRANK,.." Ever Heard any of them? They were ALL small public companies that burnt through MILLIONS of shareholders' wealth and ALL had "great placements" and PRs to tout they're distribution and placements into retail outlets! Guess what- THEY ALL FAILED for exactly the same reason BBDA will to- it's called BURNING ALL the monies raised through MAJOR dilution!!! DO your own homework and look these companies up and see they're at NO BIDS! BW is using their exact same playbook except he's been more blatant about spending the money on his NASCAR hobbies and world trips to places like Turkey, Russia, etc...
Everyone click on this and look at number #66...what do you see?
Mr. Tom Allinder's last deal in this space. You're looking at the future of BBDA....
https://www.sec.gov/news/digest/2012/dig051412.htm
Everyone knows that BW has been working with someone named Tom Allinder (TA). Did most of you know of another company TA was involved with that he did EXACTLY the same thing to? It was Creative Gourmet, Inc. (original symbol was CRGI then CGOM) from South FL. Click the link and READ:
http://www.siliconinvestor.com/subject.aspx?subjectid=28672
And look at it AFTER it did a reverse split that took it from $0.000187 to $1.87 then right down to...
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=cgom&insttype=&freq=2&show=True&time=20
Here's the info again for those who missed it:
Link:
http://www.ncdoj.gov/complaint.aspx
You may enter the information on the Consumer Complaint form and submit it electronically, or fill out the form on your computer and print it. You’ll need to mail supporting documents with a copy of the complaint.
You can also call us to request a Consumer Complaint form, or mail us the required information in the form of a letter. You can call us toll free within North Carolina at 1-877-5-NO-SCAM, at (919) 716-6000 from outside of North Carolina, or at (919) 716-0058 for Spanish speakers.
Please provide all the information requested. Give us details about your complaint in the "Explanation" section and on additional sheets if necessary. Be sure to tell what happened, when it happened, and where it happened, and be specific about any oral statements the business made to you, especially those which influenced you to deal with the company. Try to be brief but thorough. Be sure to sign your name on the completed form.
Last week I posted the NC State Attorney's offices' info. Look at my previous posts and you'll find it. I called and I think someone else did too. Call them and give them the info you just posted -because making "false and misleading statements" IS illegal. The SEC won't do anything until they get a call from the NC State Atty's office. I know, I've seen cases like this before. The more complaints they (NC Attys ofice) gets the more they push buttons including the SEC's and the transfer agents and etc...The sooner this thing is halted the sooner less poor unsuspecting folks fall for this trap!
Here's the video again for ALL to see!!!!
Wouldn't that be great....especially if it were behind bars! LOL
By my count I am calculating the sales (from Convertible Notes) of about 400 to 500 Million Shares per month in the months of Dec '13 and this month....
Anyone who has had ANY doubts about BBDA look no further than this video!! This CEO looked into the camera, with a straight face, and flat out lied about What, Why, How, When, and Where the reasons for the reverse split! Every justification he gave has had the OPPOSITE effect (i.e. more share dilution- not less, lower share price- not higher, etc...). Listen to how he says things, "I determined" instead of "The Board of Directors and I". Everything he blamed the "previous" owners of the shell for- he went ahead and did EXACTLY THE SAME THING to you (current shareholders)!! Anyone looking at that video and seeing what has transpired over the last three years since that video AND STILL defends this guy can only be a "paid" plant to prop this sad puppy up! Any one else still holding out for some kind of miracle would normally be silent after viewing such an outrageous video....
Trust in this statment: there will certainly be 5.9 BILLION SHARES SOLD over the next couple months!!!
You need to compare it more to ATTD...look it up and the recent R/S (about 4 mths ago)! That's what it's going to look like... "eventually"!
I am going to be posting info for all: Hope it helps:
From the NC Atty GNl's Website
We Can Help
Complete the Consumer Complaint Form or call toll free within North Carolina at 1-877-5-NO-SCAM (1-877-566-7226) for assistance.
If you need to mail information to us, please use the following address:
Consumer Protection
Attorney General's Office
Mail Service Center 9001
Raleigh, NC 27699-9001
http://www.ncdoj.gov/getdoc/fdbee1c7-c2a9-4f67-91b2-bb50beea1c0a/2-2-12.aspx
At this junction it is obvious that the SEC will not do anything about the CEO "wasting" shareholder's money on his own personal NASCAR dreams! My suggestion is to contact the local FBI bureau of North Carolina or the State's Attorney Office in NC. I know that BBDA is incorporated in WY but their "base" of operations is NC. I will contact them today with video clippings of them on local media and their press releases. There's nothing illegal about running a "bad business" but this is more of an example of putting out "false and misleading statements", like all the ones discussed here at length, for the sole purpose of "personal inrichment"! Trust me that the FBI and local prosecutor's office is a lot more aggressive on these types of cases than the SEC. If anyone else reaches them first make sure you get permission from the Prosecutors' office or FBI Agent "looking into this" to circulate their contact information. Believe me; once they start getting multiple calls they will start to react. Imagine the look on BW's face when two FBI agents arrive at his office and ask to "have a word with him"! Priceless.....
Anyone else notice that about every 2- 2 1/2 months this sad puppy has a momentary "spike"...read my post about the conversions! That's when they (i.e. funding sources) have converted their shares (last 10 trading days) at 50% below $0.0006- $0.0007 (net $0.0003- $0.00035). Now watch them spike it to $0.001-$0.0013. It's going to cost them about 100-200 million shares to do it but they'll unload at least three-four times as many shares to all the idiots chirping how "this time" it's going to a $0.01! Watch a flurry of B/S PRs come out in this next run...LOL! Going to be fun to watch!
Thanks! I do these types of transactions for third parties and let's put it this way; I wouldn't be party in helping fund BBDA at ANY discount below the market! The CEO has proven, without a shadow of a doubt, to use the proceeds for "his" personal Nascar Hobby...the rest is smoke and mirrors. I couldn't sleep at night knowing what's been going on for the past three years.
Yes, true but you can never disregard "greed"! Since the Note Holders that are converting know that they're the only ones who are really applying the pressure - they then "spike" it right after they convert in order to sucker more people (i.e. for more liquidity- game is worthless without liquidity, regardless of pps). In the case of BBDA it's easier to unload your 500 Million plus shares after spiking it to $0.001 (up from $0.0007 with your cost avg of $0.00035 from the discounted conversion). It might "cost" them the buying of 50M shares or so, after they're done converting, to juice it back to $0.001 but that's peanuts compared to what they'll make selling it from $0.001 back down to $0.0006 or lower. Remember that they're already net short coming into the conversion (which is suppose to be illegal but done nonetheless). The remainder of the shares are the shares converted but not yet "covered" (this now makes them "net long" after being net short before converting) from sells that took it down to begin with. The reason this sad puppy always seems to go lower after each subsequent "spike" is because the company keeps going back to the well for more $$ (i.e. funding- sic) and so the process just repeats itself at lower prices!
For all those who don't know how these pinks (i.e like BBDA) get funded here is a quick play by play: They get "loans" in the form of Convertible Debt (Death) Notes that are converted into a dollar amount at a discount to market when they come due. Example: $100,000 Note due in 90 days is converted at a discount (usually 40-50% below the market "AT THE TIME of conversion). This of course includes the interest so in a $100K Note the company (BBDA) usually gets maybe $80-$85K but the face value is $100K because it includes the "earned discount". Once the "Funds" (Ashers, Continental, JS, etc...) have converted their debt they "pump" the stock since it was they who were the only ones really selling it down. The Co (BBDA) plays along the scheme by putting out worthless press releases (i.e. distribution this, placement that,etc). The stock has a run up for a few days and these "funds" sell their "cheap" paper to the dummies who bought into the pump! Look at the chart and see that this has been going on in BBDA for 2 plus YEARS!!!
No, not really...At least the Titanic had some 700 "survivors"!! BBDA won't have nearly as many! LOL!
you mean $43,200.....it's $0.0009! Don't forget that it's in the trips now! LOL! Still...$43K is not bad for a days of "no work"!Life is certainly good for some as long as as you're not a shareholder of BBAD :)
Why bother anymore? You (Whitefish), I, and many others have tried explaining this to EVERYONE on these boards that BBDA is a SHARE PRINTING scam! Yes, KOMA sells in "some" places and it's been aggressively "placed" in a lot of other places but neither guarantee that the "brand" KOMA will ever make it. The industry is littered with the corpses of a lot of other brands that were "placed" in a lot more locations than KOMA yet failed because the companies behind those brands couldn't make it! The irony here is that EVEN if KOMA succeeded the "brand" itself is not even owned by BBDA. There is no "buyout" clause that has ever been released to the public in the event that KOMA were to be bought out (> 0% of that ever happening)! At this point trying to explain the "how" the shares are being diluted (i.e. Convertible Debt [death] Notes to people like JSJ -always at a 50% discount to maket) is like trying to talk to a brick wall. At least with the wall you'll be able to hang up your worthless stock certificates if you're able to even get them from the transfer agent!!!
There will be NOOOO BUYBACK! Please get this word out of your heads! NO Pinksheet company with 3-4 BILLION shares ever buys back their stock! They sometimes announce "cancellation" of shares but it's always meaningless because 30-40 millions would only represent > 1% of OS! No, this is now going to the trips with a R/S the most likely outcome! There is NO OTHER WAY for BBDA. BW will most likely make an announcement, after New Years, saying something along the lines that "after careful thought and consideration and after counseling we have decided that the best course of action for the company is to restructure our shares in order to attract new outside investors [i.e. new dummies] to help better reflect the growth of our business"...LOL! Don't be surprise to see them even change the name to something like KOMA or Unwind so as to be able to attract a whole new crop of suckers after a 1000-5000 to 1 reverse!! Save this post for after the announcement!! Don't believe me? Take a look at ATTD which did EXACTLY the same thing not too long ago!!!
It amazes me how little retail "investors" do their home work! Do any of you know how HARD the ice cream business is for a small player? Especially if you don't OWN your own manufacturing plant (which BBDA will not- they'd most likely subcontract that out)! Do you not know anything about refrigerated transport costs,issues with crediting short dated products, and the expensive refrigerated sections at retail locations which they don't just "give" away! The mere fact that BW even brought this up should really spoke those of you who still believe in this! It would've made more sense if BW announced new flavors, different packaging containers, "candies",etc...but this ice cream "scheme" just like the NASCAR lunacy should tell you all you need to know about who's running this company! Incredible....
The Market Maker (MM) has instructions to "keep the offer (Ask) up high at $0.0015" to "lure" idiots to pay up so he can resell the bids he's absorbing from the seller (the Convertible Notes guys BW has borrowed $$$ from)!! He (MM) doesn't want to lower his offer otherwise he risks frightening the poor puppies that still believe in this and are hoping that there's a miracle pop somewhere in their near future! I use to be a MM long ago and know the game very well....Don't believe me? Put in a "Bid" at $0.0014 and see how fast it gets smacked down!
Folks: NEWS FLASH!
This announcement basically means that they were NOT able to get another company listed as they had hoped! Those of you who are still in this need to keep harassing the company until they ADMIT that there will not be another "public" company to so-call "roll into" (or swap)- in which that was NEVER the original plan- only the "option" to buy into it! Now they have to keep this sad puppy going longer so that's why they're coming up with stupid ideas like this!
There are laws against "fraudulent marketing" but they are seldom enforced until the sh*t hits the fan and the fraud becomes apparent to all! The only recourse, now, would be for enough people to call in to the SEC and file complaints. If they get "a lot" (usually over 100) of calls and once they start "investigating" this then they can have the stock "halted" or have trading in it suspended. The problem is that in order to have that happen it would mean a lot of Longs (hopelessly diluted retail investors) would need to be the ones to actually make the calls. Those who aren't long have long left for greener pastures.The Longs are afraid to do that because it would mean that they would be, in essences,responsible for having the stock being halted and shut down- in other words they would have lost ALL hopes of ever recouping their investments. The only time that they (the retailer investor) will take action is when it's too late and this goes to $0.0001 or is in fact shut down. In either case it's not a matter of "if" but simply a matter of "when"!!
It's amazing how the longs in BBDA can't take the CEO's own words at face value while still defending his incompetence!! He meant what he said, "BBDA WILL BE Dissolved"! If you were him and printed as many shares, as he's done, so disgracefully why "wouldn't" you dilute this to NO BID? The more real that the other company, being set up, is- the lower this goes. BTW- for all those saying he's (BW) "printing" stock- Technically he's "Not" what he's doing is going to places like Continental Equities and Asher Enterprises and giving them convertible notes with NO FLOORS!! Meaning that they always sell at a discount regardless of where the share price is! The fact that BBDA is not a reporting company makes it that much easier because BW doesn't have to spend on legal and accounting disclosures. What this thing has been, for the past two years, is a marketing campaign in order to generate liquidity for the BBDA shares (helped along by all the longs and swing traders). The funds that were raised through these convertible debt instruments were used to grow a "PRIVATELY" owned brand (i.e DLR Associates)! And a lot of it was wasted on one (BW) person's racing "Hobby". You could write a whole book on this or it could be a perfect episode for the TV Show called American Greed on CNBC...
I sold my remaining shares last month (beginning of Oct in the two days it ran up into the "0.003s") and some last week in that little bounce from that big drop. This is definitely going into "dead money" territory soon so I'd say watch out. I didn't make as much as you did but $2,900 bucks trading it wasn't bad either! Good luck all.
It's only 800 MILLION....whew!! For a minute there I thought it was 1 BILLION New shares (sarc)!