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Pure bullshit.
Bullshit.
I have been wondering what is going on with BBDA. The stock has been in the dumps for over a year, so I decided to figure out why. After much thought and talking to BW, BW is doing some consolidation. He is getting ready to relaunch KOMA within FDA regulation, advertise a lot more on NASCAR, and he has a lot of new ideas on types of drinks. Lots of commercials with stars and other ideas are on the table too. Now is the time to buy. He mentioned that by the end of the year the stock will be above .01 meaning we will be rich if we buy right now. GO BBDA!
How in the world do VC's and investors pump three-quarters of a billion dollars into a company and not get a board seat? I'd love to be the proverbial fly on the wall during some of those conversations.
I'd suggest that based on the amount due that it would take to get the company current, it isn't going to happen.
Speaking of good ole Martin ...
Lawmakers Challenge Turing Executives on Drug Price Hikes
The former top lawyer for Turing Pharmaceuticals said Thursday that he and other executives warned Martin Shkreli against the drastic price hike that triggered a national backlash against the company and its then-32-year-old CEO.
The Senate Committee on Aging subpoenaed current and former Turing executives to appear Thursday and explain the fiftyfold price hike of Daraprim, a drug used to treat a life-threatening parasitic infection. Lawmakers struggled to describe the company's behavior, which Sen. Bob Casey, D-Penn., called "pure evil."
Turing's former general counsel, Howard Dorfman, told committee members that the price hike "was certainly unjustified."
When Dorfman and other executives objected to the increase, Shkreli reportedly responded that "no one cares about pricing increases."
"Mr. Shkreli told me that he was the most knowledgeable person with regard to this business model," Dorfman said. "That I was seriously misinformed — despite my 30 years in the industry." Dorfman said he was fired from Turing in August, shortly after raising his concerns.
Domain Suspension
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It appears to be offline at the moment. What could that mean?
Gotta love these pinks that take on toxic funding, don't pay it off and then turn to publicly whining about the funding they took on. In this particular case it's HJOE being sued by KBM.
These loans as a group all have been repaid not only to the extent of the entire amount of their principal but significant interest as well, not at the effective interest rates of the loans and meritless fees added on to them, but certainly at or near the legal rate of interest. However, the convertible loan process also triggered a deluge of short sellers and paid bashers adding to the degree of difficulty by a process of attempted shaming in social media, working stock boards and otherwise to inhibit potential investors and customers from a growing company and brands. This is an attempt to harm the company and we don't take these matters lightly. To further add insult to injury, several of these lenders have now sued us, including dubious claims against individual members of management which seek to further and unfairly harm reputations, and we have responded to these as well. This is done thousands of times in our economy today, destroying companies, jobs, and investor wealth in the process. And for what gain? Hangover Joe's at least has come through the process strong enough to hire talented attorneys who have started the process of removing this scourge from our capital markets.
Thank you.
Are 13g's required for individuals going over the 5% threshold in non-reporting pinks? Thanks in advance.
Wasn't this the BBDA stock?
What’s more, investigators said in 2009, Hochstedler sold stock in another company for more than $1 million and did not report the full amount of the proceeds as a capital gain on his 2009 tax return.
Bullshit.
What are your thoughts on whether or not they may prevail on all counts? That would wind up to be a bit more than $64k.
WHEREFORE, KBM demands judgment against Defendants as follows:
(i) For $64,500 on the First Cause of Action;
(ii) For $64,500 on the Second Cause of Action;
(iii) For $43,000 on the Third Cause of Action;
(iv) For an amount of lost profits to be determined by the Court but in no event less than $64,500 on the Fourth Cause of Action;
(v) Awarding KBM its reasonable legal fees and costs of litigation on the Fifth Cause of ACtion;
(vi) For an award of consequential damages in an amount to be determined by the Court but no less than $64,500 on the Sixth Cause of Action;
(vii) For a temporary restraining order and a preliminary and permanent injuction against the Defendants directing that said Defendants and their agents, servants and employees immediately take all steps necessary and proper to permit the conversion of debt to stock and to deliver the stock at issue as described above on the Seventh Cause of Action;
(viii) For $64,500 on the Eighth Cause of Action;
(ix) For $64,500 on the Ninth Cause of action; and...
Going 3(a)(10) was my feeling as well. Look out below.
I see Bam-Bam is over there attempting to rah-rah and pump up the crowd, despite the bad news -- Only in penny land could someone sticky a post saying how awesome the company is doing when a lawsuit wants to show how far over the edge the company is hanging.
KBM Worldwide v. Hangover Joe's Holding Corporation and Matthew Veal
2:15-cv-07254
Quote:4. That KBM invested $43,000 in the Corporate Defendant by purchasing securities directly from the Corporate Defendant and making loans thereto and has sustained damages of $64,500 exclusive of attorney's fees, pre judgment interest, costs and late fees.
Quote:21. That the maturity date of the Note, (October 6, 2015) has come and gone and no payment has been made despite due demand for same.
22. That the date for payment of principal and interest under the Note has come and gone, and the Note has fully matured and payment is due for same.
23. That by reason of the foregoing, Plaintiff has been damaged in the sum of $64,500 and is entitled to judgment against the Corporate Defendant for that sum together with default interest from the date of default.
Quote:43. That while KBM is clearly entitled to a money judgment, the Corporate Defendant is clearly incapable of satisfying any such judgment obtained.
44. That in its most recent filing required under the Federal Securities Laws, the corporate Defendant concedes that is has total assets that are exceeded by its total liabilities thus render it insolvent.
45. That the Corporate Defendant also represents therein that for that period it had a net loss and that at the end of the period, it had insufficient cash to meet its obligations, thus rendering it insolvent.
46. That the only viable avenue available to KBM to obtain repayment of the outstanding Note is by exercising its conversion rights and thereby obtaining unrestricted shares of stock in the Corporate Defendant and selling those share on the open market.
Quote:WHEREFORE, KBM demands judgment against Defendants as follows:
(i) For $64,500 on the First Cause of Action;
(ii) For $64,500 on the Second Cause of Action;
(iii) For $43,000 on the Third Cause of Action;
(iv) For an amount of lost profits to be determined by the Court but in no event less than $64,500 on the Fourth Cause of Action;
(v) Awarding KBM its reasonable legal fees and costs of litigation on the Fifth Cause of ACtion;
(vi) For an award of consequential damages in an amount to be determined by the Court but no less than $64,500 on the Sixth Cause of Action;
(vii) For a temporary restraining order and a preliminary and permanent injuction against the Defendants directing that said Defendants and their agents, servants and employees immediately take all steps necessary and proper to permit the conversion of debt to stock and to deliver the stock at issue as described above on the Seventh Cause of Action;
(viii) For $64,500 on the Eighth Cause of Action;
(ix) For $64,500 on the Ninth Cause of action; and...
Absolutely about the jail. Unfortunately, I just don't think it will happen. I truly hope that I am wrong on that tho.
My apologies then, I completely misread your post and will delete it.
Mod, please delete.
So did good ole Ken lie once again when he publicly posted that he had resigned as IR? Or shall we take it that he remains with the company in an undisclosed capacity? Also, can a working number for the company be posted, as it appears the former number is no longer in service.
Karma's a bitch ain't it. All that name calling, finger pointing, wailing and gnashing of teeth and bullying of investors/former investors calling him and the company out and the guy winds up slinking off into the night with a whimper and his tail tucked between his legs without so much as a "kiss my backside."
The truly sad and pathetic part is that as much as people are hootin' and hollerin' for them all to go to jail, they're gonna' (most likely) get away with it. Look for them all to turn up under a future penny stock rock. They've had a taste of the easy life on shareholders backs, they'll likely make another run of it elsewhere.
Have you registered yet with iHub as a BBDA IR?
He better dilute some, because he is once again late with the Wyoming franchise tax and was sent the delinquency notice 2 Nov. How bad is that when you can't come up with a measly $50 bucks.
Feel free to post me up some links to studies, research and quality articles that support your contention. I'd be highly interested in them. Thanks.
That's just for the USA. I have no data for worldwide usage.
Approximately 2,000 USA residents use it. I don't have numbers for the rest of the world. Hiking drug prices is perfectly legal, BUT the problem with predatory drug pricing, and this drug price hike is predatory, is that it leads to increased insurance premiums and pharmacy co-pays across the board. To say that it's a limited use issue is disingenuous as every partaker of the insurance system indirectly is affected by oosts they unknowingly are sharing the burden on.
Give this post a look for info that may help you --
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80277315
Sorry, I don't have an answer or that one.
Out of curiosity, and I have not been following this company, have they said what they plan on doing with two acres of dirt that has no water, electricity or sewer?
Give this link a try --
https://www.washoecounty.us/assessor/cama/?command=sale_codes
4BV To Be Verified Transferred RP to Sales
I am out of posts for the evening but yeah, it does look like they may have overpaid for the property. I noticed also that the initial transaction or the property was valued at $0 -- not sure how Nevada does their initial transactions tho.
Good luck to you.
If you can get to the Washoe assessors office online you should be able to get the info on the parcels that will give you the details. Good luck to you.
Good luck to you.
Applying the rates I provided, the transfer tax amount appears to be in line with what the deed stated.
I'm not filing a damn thing.
I have no idea why it does not show up. That's a question you should ask the company itself.
Here are what appears to be the transfer tax rates for Nevada and Washoe county --
RATES
For all counties:
? $1.95 for each $500 of value or fraction
thereof if the value is over $100.
In addition:
For Washoe and Churchill Counties:
? $.10 is added.
For Clark County:
? $.60 is added.
One should be able to calculate from those rates what the value was.
If you had done just the bare minimum DD and did exactly what I did, which is scan the Q bar code on the document YOU provided, the same code that clearly states that the results are available on the labs website, perhaps you wouldn't now be trying to save face by making half-cocked accusations that have exactly zero basis.
I could care less about your pet scam. What is clear tho is you have an issue with someone who didn't agree with your almighty proclamation. Instead of just saying oops, I dropped the ball on that one, you want to shoot the messenger and make unfounded accusations in order to save face.
I found this reference to types of deeds used in Nevada -- it appears that there are a couple warranties assured by using this type of deed.
Grant Bargain Sale Deed – (Commonly used in Nevada)
In a Grant Bargain Sale Deed the transferor usually provides two warranties: (1) The transferor warrants that he/she has not previously transferred the property to someone else, and (2) at the time of transfer, the property being transferred is free from encumbrances done, made, or suffered by the transferor. (Warranties are created by local statutes and may vary from state to state - please check your local laws)
http://www.mylegaldepot.com/site/deeds/deeds_more_information/common_deed_types/
Not to but in, I am sure Integral will answer when he can. The link you provided to the deed showed it to be a grant, bargain and sale deed. Those types of deeds, while valid, give a hint that the seller may not (or thinks there may or may not be reason why s/he may not) have clear, clean title to the property in question. I know nothing about the company in question, but one would think (or hope to think) that someone had the brains to do a proper title search on the property before committing and transferring the property. Barring any issues with the property, they could then get title insurance on the property and eliminate any down-the-road issues.
Ideally one would want to see a Warranty Deed for the dollars involved in this transaction, but something kept the seller from issuing such. The interesting question would be, what and why?
For God sakes get over yourself. Here is the link that the barcode will send you to when you scan it.
http://sclabs.com/sample-detail.html?id=136929&qrc=1
Here's the APN number of the parcel you want to find out about --
Assessor's Parcel Number(s):
Portion 538-010-04;
New 538-161-08
There was a hefty transfer tax of $1,412.45 paid. I don't know what the rates and values are for Washoe County but that amount suggests a pretty good selling price.
That's pretty standard language included on the transfer of a deed through a sale. A lot of deeds will show a consideration amount of $1. What you can do is find out the parcel number of the property and go to the assessors office and look up the property record. While I don't know this for a fact, Washoe County should be a lot like Elko County which I deal with on a frequent basis and their records give detailed info on purchaser, price, tax, zoning, etc.