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Yes, I know. I was agreeing with TYS.
And stuck while it dropped back down below .0025. The only people making money on this stock are insiders and market makers.
I would never invest a single penny in this criminal enterprise.
It is a reverse split in all respects aside from the fact that they're trying to act like it isn't. It doesn't matter that hugely reduced number of shares that current holders will receive will be in another company with no assets, the result is the same.
Right, because reverse splits always fix capital structure issues.
Trust the former investor relations rep for the company who turned on them until the share price rebounded? Good plan.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48108459
Where is it stocked in DFW? I haven't seen it anywhere.
Lots of pinks have a great chance of succeeding if you read the message boards. Spongetech was a sure bet.
Looks like the big bid has been filled. Should be interesting to see what happens if the usual late afternoon sells start coming through.
The ever increasing OS is an easily verifiable fact. Call the TA. The fact that the PPS hasn't responded accordingly is an abberation and will correct itself in time.
They won't be on TV. They'll be in some back lounge where celebs' assistants will pick up a bunch of freebies, just lik they were at the MTV VMAs a while back, and at the SuperBowl earlier this year. Nothing came of those and nothing will come of this.
Gotta sell those newly minted shares.
No, that's not the current status at all. Technically, they are currently able to achieve approval as a Class III device via the 510k process, however the FDA simply isn't going to approve any more of these submissions until a final rule is issued based on the recent panel discussion.
All signs point to the FDA issuing a final rule classifying all PEMF devices as Class II devices requiring special controls, including submitting clinical trial data. Once that rule is issued, then BIEL will have to submit the required data in order to obtain approval as a Class II device for prescription use. At no point during the discussions was OTC approval even mentioned as a possibility. If OTC is still the goal then BIEL has a very, very long road ahead of them.
In none of these scenarios is a PMA required.
Not that I doubt this to be true, but confirmed by whom?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90954269
Here's your response specifically referencing the excuse.
So that's 190+ million shares issued since they "erroneously" set the AS limit to Unlimited? Nothing to see here folks, move along.
Because BW was getting writers cramp from signing all of the amendments increasing the AS. Also, the $50 per amendment transaction fee was eating into his track money.
Up, up, up, and AWAY!!!!!!
It doesn't take much searching to come up with subjects showing that this company is taking investors for a ride. Continued dilution, disappearing profits, associations with convicted penny stock scammers, the list goes on...
On the other side, all you've got is the word of the person doing the scamming, as nothing has been validated by a competent 3rd party.
Faith is a tool in religion. It's a handicap when evaluating pinks.
Where did you gather this information? I wasn't aware that Walmart published sales data on individual products.
None of the "big boys" give a damn about this company. Rockstar already has a relaxation drink, and if Monster was interested they could have one on store shelves in a matter of weeks. There's nothing special about Koma that differentiates it from any other relaxation drink on the market. The "big boys" simply realized there's no significant demand for this stuff.
The fact of the matter is that the paid pump campaign last year was way more successful than they anticipated and allowed them to slow down the dilution train for a few months. Now that money has been exhausted on racing and European vacations so they're turning the crank again. It's all about racing. Always has been, always will be.
You missed change in inventory in your analysis. With the information provided it should look something like this:
Cash Flow from Operations
Net Income $295,958.00
Increase in Inventory $(95,542.00)
Increase in Accounts Receivable $(180,970.00)
Increase in Accounts Payable $101,314.00
Net Cash from Operations $120,760.00
Cash Flow from Financing
Shares issued for Cash $261,000.00
Net Cash from Financing $261,000.00
Net Change in Cash $381,760.00
However we already know all of the numbers are unreliable as obviously cash didn't increase by $381,760. Even if you add the actual increase in cash to the $261K raised through dilution you would still only get $316,892.77.
Personally, I don't think any of the numbers on the expense report are accurate, especially the revenue amount. They are probably getting $1 a can wholesale for their grape coolaid. Maybe $1.5. Does anybody actually believe they're moving millions of cans a quarter of this stuff? I don't.
I expect what he intends to reflect is COGS and Sales Expense. COGS goes into the Gross Margin calculation and should only include the cost of the product being sold. Sales Expense should be with the other Operating Expenses and will reflect distribution costs, marketing, sales force costs, etc. Unfortunately he's completely ignorant in regards to accounting and just keeps repeating the same mistakes over and over again.
Cash from the sale of shares should only show on the balance sheet and under the financing section of the statement of cash flows like you said. It should not flow through the income statement at all. We know they've reported that as revenue in the past, but they don't itemize anymore so it's impossible to tell if they still do that or not.
Does it really matter? All this incident did was drive the point home that no matter what artificial number is set with the Wyoming SOS, the AS is in fact unlimited. The CEO can and will set it to whatever he wants, whenever he wants, without notice to shareholders.
That's just because they don't file through EDGAR which is where OTC Markets pulls that specific financial data. Technically I believe their filing was due on the 15th, so 5 calendar days would mean they are due tomorrow.
EDIT: Although they did name today as the anticipated filing date in the extension notice.
Or you could acknowledge the fact that incorporating a stock ticker into product marketing material isn't as common as you would want people to believe, hence it would take a great deal of time and effort to try and find an example to make your point. However, when a company's primary goal is to sell shares it makes a great deal of sense to display that .pk ticker big and bold.
Well, keep an eye on the activity for the next few weeks. If you look at page 13 you'll see that they have a $519,920 loan from IBEX due at the end of this month, covertible to 470 million shares. There are a couple of smaller ones, but that's the biggie. There are also significant maturities in September. If they don't extend the maturity on those loans then there are going to be a ton of new shares put on the market soon.
Again, please provide proof to backup your claim that this is common practice.
Really? I'd like to see an example. Lots of companies advertise their websites, but I haven't seen a whole lot of stock tickers. Please provide evidence to back up your claim.
And on the side of the delivery truck where the stock ticker is actually more proudly displayed than the product.
https://www.facebook.com/photo.php?fbid=474588592637857&set=a.474587425971307.1073742044.120430154720371&type=1&permPage=1
https://www.facebook.com/photo.php?fbid=474588605971189&set=a.474587425971307.1073742044.120430154720371&type=1&permPage=1
No mention of Bebevco.com, which would at least seem reasonable, but BBDA.PK is proudly displayed for the world to see.
Then please explain to me why they felt the need to advertise for bbda.pk on the back of their t-shirts?
https://www.facebook.com/photo.php?fbid=474590939304289&set=a.474587425971307.1073742044.120430154720371&type=1&permPage=1
My fav:
https://www.facebook.com/photo.php?fbid=474589249304458&set=a.474587425971307.1073742044.120430154720371&type=1&permPage=1
That's because their primary product is stock, not drinks.
You're spending so much time trying to straddle the fence that you're ignoring the swinging gate about to hit you in the head.
Discout to market price is a %, not a set price. If his claim that shareholders will receive 1.5x value for their shares upon exchange then the discount to market price is 33%. It's not a moving target if the 1.5X is to be believed. There is no wiggle room, there in "yet to be determined". Either they receive 1.5x in value which would mean a 33% discount to market price or they don't.
NYSE was always BS, and he finally realized nobody was buying that crap, and AMEX and NASDAQ are pipe dreams as well. This company will always be a sub-penny pinksheet stock dilution scam.
Good God man. You just acknowledged the fact that he has stated that BBDA investors will get 1.5x their value during the exchange and now you're saying that it makes sense that they haven't decided yet. You can't have it both ways. Either he made a material mistatement when he said 1.5x or they haven't decided.