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This IS the only and whole story behind BBDA! Do the math and calculate the amount of shares that were sold at the various levels and then tabulate the amount of funds that have been "loaned" to the company from the Debt (Death) Notes. I've come up with anywhere from $3M- $4.5 Million Dollars over the past three years! BW could've "bought" real, established, businesses with revenues generating well over $20,000,000 and generating net profits of close to $2 Million in yearly profits. What a shame......what a shame! I doubt they have more than $150,000 in cash balances in their bank accts with monthly expenditures of $250,000- $300,000/ month (payroll, race car sponsorships, offices, etc)...That's why they're having to keep getting "loans" to the tune of $100,000 per month which is why they sell notes that convert to several HUNDREDS of MILLIONS of shares down at these levels!! Think about it....they're going to need another $800,000- $900,000 in MORE funding "this year", alone, just to stay afloat! Now do the math....how many mores shares need to be issued in that conversion? That's how you get to 9 BILLION SHARES outstanding before the year ends. What a SCAM! And a Shame!!
This is perhaps the biggest problem with this stock and why most shy away from it....look at the chart and looks like it trades all over the place. No one wants to trade a "sub penny" stock that has wild swings like this. It either trades "tight" over a penny ($0.01) or tight under $0.01...$0.007-$0.008-$0.009.
That's what I'm counting on....I've been scoping up what I can every time it's gone done below $0.007 so that's why I want to see it hold above $0.01 consistently!
I'm guessing that a "clean up" of 50 to 60 Million Shares at an avg cost of $0.015 - $0.0175 AND "without issuing any more shares" for at least two quarters would do the trick....along with the release of some real revenues #s (i.e. $250K- $500K for the quarter). If all that happened you could see this fly to $0.03-$0.04 but without the above it wouldn't stay up there for long. Just My Opin.
How many shares would it take to get this to $0.02? Any guesses??
Hey Gladeshawk....you're absolutely right! It IS "naked" shorting...but you should have continued to finish the point! The question is "WHO" is naked shorting? Let me help you out by finishing the point you failed to conclude: The so called "Shorting" is by Small Equity Funds (JSJ, Asher, Magna, etc...) that have made "LOANS" to BBDA (thank you Mr. CEO) that convert at certain date(s) (usually 90 days or so) into a "defined amount of total dollars (i.e not shares)" which includes the money lent plus the interest! You see the funny thing is that there's no set "floor" on the amount of shares that have to be converted in order to repay the funds that were borrowed (i.e. you know for promising things like sports car racing and non related sponsorship events). To make matters even more interesting the said conversion(s) takes place at a "DISCOUNT" to the average trading price (usually the last avg 10 days price before conversion). If you had a loan due to you (i.e. Convertible Note) and could convert it to what ever amount of shares it would take to be repaid in full plus interest wouldn't you want to do it with the most amount of shares- at the lowest dollar cost average? You see it IS the very same funds that BBDA goes to for funding (again: NASCAR dreams of a CEO) that are "shorting" the stock and yes, technically naked, while their Notes come due to be "repaid" in shares (extremely discounted shares). Once they've converted they initially pause their "shorting" because they then become "net long" after their conversions and they then proceed to pump the stock and BBDA plays along (they have to keep their funding sources happy) by putting out worthless PRs. The process repeats itself every 8 to 10 weeks at lower prices because every cycle creates more and more dilutions! Anyone interested in knowing feel free to message me!
Wow...just sold my last 4 Million shares!! Great Run- Thank you!! 24 Million totals shares with a cost avg of $0.00045 and unloaded yesterday and just now! Gonna have a GREAT Weekend! Thank you!!
Wow!! What luck! I was able to unload my 20 Million shares I had accumulated the past two weeks down in the $0.0004s....Net Sell price $0.001!! Go DEWM!!!
That's why my initial post about this stock,,,that it should not be trading below $0.01...but they'll need to show some "real" revenues in this quarter you're mentioning or else it's back into "sub penny world".
You maybe right, although most people that are short a stock like this (in those quantities) tend to be the insider's or their helpers in order to help support a "bid". That being said this won't go anywhere until they can translate all these so called "deals" in ASIA onto the books and on their financials statements. The next quarter will need to show REAL REVENUES from these types of deals...otherwise it's meaningless!
"What BBDA needs is a White Knight to come in and buy 250,000,000 shares to pump this baby to.....ready.....$0.0014!! Or double from here!!" Sarc/ This tells you the sad state of this company! Imagine how many less shares would have come into the market IF the money being spent on these NASCAR hobbies would have gone to "product development" i.e. to come up with more flavors, different categories (like the coffee drinks or chia teas they had designed cans for), etc...They like to compare themselves to "real companies"- if so, this would be like Apple having stop making any new products after the ipod...just sitting there promoting the same thing over and over with little traction! Please show us ONE press statement that shows their "expansion plans" (i.e. greater coverage, pick up in reorders, introduction into regional chains through their DSD network established over the years) with "Real" Distributors that they announced over the years. How come we never hear, "today BBDA announced that has received an INCREASE in reorders from Fast Distributing [7/29/13], J&J Dist [9/25/13], United Johnson [7/30/13], you get the picture? Every time they announce a new distributor they never ONCE mention their prior Dist Arrangements. This is because their PRs about distribution is NEVER meant for their current shareholders (bag holders) but instead are designed for NEW shareholders (unsuspecting prey)!! This is truly borderline on the criminal....
This Stock should have a "solid" bid at $0.01 and no longer really trade below that level, anymore, if these PR news announcements are legit!! IMHO
This Stock should have a "solid" bid at $0.01 and no longer really trade below that level, anymore, if these PR news announcements are legit!! IMHO
Why can't this thing hold a penny ($0.01)???
I love the way that the "tape" is being "painted" in which millions of shares are dumped down at $0.0006 and then a little $108 (135,000 shares) trade goes off at the high offer of $0.0008! Great way to lure them in....
And here I thought it would take all week to dump 100,000,000 Shares but apparently "someone" couldn't wait 'til Friday!
Well then- to all those who were clamoring last week that they were ready to "step in and buy more at $0.0008" -please feel free to do so! You'll be letting that buyer of that 50,000,000 block of shares get out with a tidy profit of $0.0002. If my math is correct that's a nice $10,000 profit off that trade! Go BBDA!! Life is Good!
There was a trade for 50,000,000 shares go off at 13:06 pm yet I don't see it on the Trade Tape nor the Chart.....did anyone else pick that up? If so, why isn't it reflecting on iHub?
WOW!!! An unbelievable waste of shareholders's money! Really...
I'm going to go out on a limb and say 100,000,000 shares- at least!!!
Interesting...BTW- where is Dream Water based from? As for BBDA, I am thinking that "IF" it drops below $0.0005 BEFORE it reaches 6 Billion Shares o/s then they will have no choice but to do a R/S!!
Thanks for that DD piece....it's important to know those involved in the IR campaigns for BBDA.
Sticky!
Here's the video again for ALL to see!!!!
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.
Re post:
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
EXACTLY....I'm here to warn others of this Printing Press!!
Looks like there's an "X" Fund looking to unload 25,000,000 shares....any takers? Please line up!
You're the lucky one then! Too bad there are too many here that don't realize what you did a while back! Keep up the good work :)
Hence the reason the financials will NEVER be audited! BW's piggy bank and personal ATM would be exposed!
WOW!! For a company that had FLAT Yr over Yr sales of ONLY $450K how in the world do they justify these "salaries" and "employee benefits"???
Salaries, taxes and employee benefit costs $ 1,220,287 $ 535,690 $ 684,597 127.8 %
Yes, you do that Hero....that's what they're counting on!!
Or DKAM (Full Disclaimer: I have NO positions in either)! The point is that the ONLY chance that BBDA would have is for 1) BW to "step down" as CEO and chairman, 2) Audit their financials, 3) Get ONE lump sum of financing of which NONE of it can go to "Racing Sponsorships" (no more than one per year), 4) Reverse Split the Stock (yes, it would hurt "current" shareholders), 5) commit to not exceed a certain amount of dilution per year (i.e. no more than 10-15% of the total outstanding shares at the time of that commitment, and 6) enhance the product line (as to not be a One Trick Pony)....then maybe, just maybe it might have a shot! But even the most die hard supporters know none of the above will ever happen. So there you have it!
Rebuttal: For Every Dollar in "Revenue Growth" (in BBDA's case- can NEVER be verified since there are no audited financials) that is offset by Two Dollars in Spending to "grow the company/ brand (again not owned by BBDa shareholders) and diluted by 100,000,000 plus share A MONTH = Bankrupcty and a dead end!
Revenue $1 - ($2) Spending ($0.75 operations and $1.25 NASCAR Hobby) - 100 Million Shares a Month Dilution = $0.001 PPS and going lower!!!
And here was my post from 1/13/14...re posting to show that it played exactly to a tee.
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!
Here it is again to enlighten you: Originally posted 1/12/14
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!!!
WOW! Is that what you really believe? Have you ever been a MM? I have, for four years ('97-'01)! Do you even realize what they do? #1 Job is to "EXECUTE CUSTOMERS' ORDERES"!!! Re-read my post from 1/12/14- the only pressure is coming from "Toxic Financing" whom the Company (your beloved BBDA) depends on to operate and to sustain the CEO's NASCAr Hobby!
Exactly...what a terrible comparsion! MNST (Monster) vs BBDA...is he kidding? Monster WAS Hansen...a juice and nectar company for over a generation! They like Kerns were around for very LONG time before launching Monster Energy which exploded their growth! BBDA is more comparable to "Bravo Food's" Slammers! For all of you claiming to do your DD before investing...look up Bravo Food's Case study (now bankrupt) and you'll see where these two companies (BRVO and BBDA) are very similiar! Bravo raised more money, was a fully reporting company, had a much larger distribution, and capped out at $10 Million in sales but was ultimately doomed for ONE simple reason: They OVER SPENT the money they were able to raise (over $40 MILLION)- sound familiar? BBDA raised how much (who knows? No Audited Financials)- $2, $3, $4 Million Plus...to be in how many stores: 500, 1000, 2000? You see the picture? None of these questions can be answered nor verified....still think BBDA will be the "next" MNST? Yeah ok.
Yes, and we're soon to get the fiasco of "Relaxation Ice Cream"...What a joke!