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$TBEV shareholders just got screwed twice over here by Toby McBride the OTC CEO SCUMBAG OF THE YEAR!
Not that this will matter since what's done is done, but with a maturity date of March 27th and terms stating "25 trading days prior" that means the 23rd of February was day one of setting the conversion PPS. The PPS dropped to .0004 at which point that is the lowest standing intra-day trade price in the 25 trading days prior to conversion. This means 60% of .0004 is .00016 and without the consideration of the interest the base $160,000 will convert into 1,000,000,000 shares.
Now this isn't so bad right?
WRONG!
Add into this now the 1:10 RS that will turn about 2.5 billion OS into a mere 250 million OS and leaves the AS at 2.5 billion. Now consider the PPS opens 10x higher from the RS date PPS which was today I believe at .0005 so post RS is .005
Nice right? Got 250 million float and a PPS of .005
EXCEPT there is now a note that converted at .00016 selling 1 BILLION SHARES back into the OS!
And this is the smaller of the notes converting. Still some pretty HEAFTY ones in April and May.
Read it for yourselves, this is not funny, this is Toby McBride at his best screwing his shareholders not only with a RS but one timed perfectly for the note holders conversion!
http://www.sec.gov/Archives/edgar/data/1504222/000121390014006283/f8k082214_highperfomance.htm
Item 1.01. Entry into a Material Definitive Agreement.
On August 27, 2014, High Performance Beverages Company, a Nevada corporation (the “Company”), entered into a securities purchase agreement (the “SPA”) with an investor (“Purchaser”), pursuant to which the Purchaser purchased a debenture (the “Debenture”) with a principal balance of $160,000 for a purchase price of $150,000. The Company agreed to pay $10,000 to the Purchaser for its legal fees and expenses.
The Debenture matures on March 27, 2015 (“Maturity Date”) and bears interest at the rate of 12% per annum, payable on the Maturity Date. All overdue accrued and unpaid interest will entail a late fee at an interest rate equal to the lesser of 18% per annum or the maximum rate permitted by applicable law. The Company may not prepay the principal amount of the Debenture without the prior written consent of the holder of the Debenture.
The Debenture is convertible into shares of the Company’s common stock at the option of the holder at a conversion price equal to the lesser of (i) $0.01, subject to adjustment therein and (ii) 60% of the lowest intra-day trade price during the 25 trading days immediately prior to a conversion date. The Company shall not effect any conversion of the Debenture to the extent that after giving effect to such conversion, the holder would beneficially own in excess of 4.99% of the number of shares of the common stock outstanding. The holder, upon not less than 61 days’ prior notice to the Company, may increase the beneficial ownership limitation to 9.99% of the number of shares of the Company’s common stock outstanding.
Shareholders at $TBEV just got screwed!
I was private messaged by Dan that my jail time was a suspension of 5 days to end today and my profile shows it ends on March 24th.
Can someone please correct this. I realize there was some server issues so I am posting this discrepancy here since I can't PM admins for whatever reason while suspended. I have the screen shot of the PM from Dan stating that my suspension was for 5 days as well but don't want to post without permission since its a PM.
TY
Great point.
What CEOS of a legitimate company pays themselves, the company president, and a sales guy (Trevor) $850,000 annually when their revenues were $0 annually?
Not a SINGLE legitimate company pays themselves at all when they are making NOTHING!
These guys though, they paid themselves ALMOST $1,000,000.00 for DOING NOTHING AT ALL to increase shareholder value!
Nearly $1,000,000.00 in salaries to create ZERO PRODUCT!
Part of nearly $1,000,000.00 to a salesman that HAD NO PRODUCT TO SELL and thus MADE NO SALES and DIDNT WORK AT ALL!
So I agree 850,000% with that point!
Was there something missing from the financials in that case?
I mean I don't see any employees listed on the filings at all anywhere.
I don't even see a single piece of documentation that shows anyone besides Toby McBride, Mike Holley, and their sales guy (a buddy of Toby McBrides Id figure) listed anywhere receiving salaries or shares or wages etc.
I'm sure there was compensation given out for "hooking up" the sale of 3 full pallets of dethrone beverage when it was available. Stuff like that was probably compensated with shares. Id say 500,000 per pallet depending on when they would have been issued.
But no, I don't see employees listed on financials or even payments given to anyone on a regular basis besides Toby McBride, mike Holley, and they sales guy.
Wonder how much that sales guy sold in 2014 to deserve a chunk of that $850,000 salary?
$500,000 increase? Or more or less? Musta sold a ton of product for that increase!
Oh wait NO PRODUCT, NO REVENUES?
But also NO EMPLOYEES BEYOND THOSE 3 so NO WAY THERE IS "An ex bitter employee that tried to extort....."
There would have needed to be "an ex employee" for that to occur.
Between the company miraculously issuing the CEO and President preferred shares without a proxy vote to do so, their insane salary increases again without a proxy vote to do so, and the false press claiming to have received $500,000 tranche there is so much to be concerned about here.
Add into all that the insider BS that's occurred here and CEO direct share price manipulation and this is one heck of a web of deceit against shareholders.
There's never been mention of UA incase anyone wants to know that's just a rumored name. UA has never mentioned TBEV. and never will.
No reason for any large company to go with TBEV at all.
No patents.
No revenues.
No product.
No special connections.
No distribution.
No assets.
2 federal lawsuits in 3 years.
2 failed license agreements.
$850,000 annual salaries.
Maxed out AS at 2.5 billion up from 500 million in 5 months!
False press releases.
Vulgar responses to shareholders.
Toxic note coming due.
Nothing proprietary at all.
Accusations of insider trading and share price manipulation.
So please explain why any company would associate with Toby McBride or TBEV a?
I'm curious. When management had common shares at no time beyond the first year would they have had controlling vote since there were NO preferred issued, this is accurate because they needed other votes to increase the AS.
So my curiosity is HOW did they award themselves preferred shares? This would have required a majority vote as there were never any issued prior and a CEO can NOT just issue him or herself company shares without the majority vote of the shareholders.
So exactly how was Toby McBride able to AWARD himself and Mike Holley preferred shares without a proxy vote?
Or can they just go around issuing whatever they choose? Paying themselves whatever they want?
I mean literally this act of giving themselves preferred also game them voting control, so that's kinda like being able to break into the White House and put your name on the Oval Office desk and then POOF your the president and the crime of breaking and entering is null and void.
Well lawsuit was NOT dismissed.
In fact the part of the suit that was set aside was done so because there are two entities of Overtime companies and the main lawsuit was brought against Toby and TBEV by the entity that contains the bowl game.
The other entity that contains the child ID suffered a loss but doesn't look like it would have been included since it was not a loss by the same entity as the bowl game. Just legal mumbo jumbo, but basically i read it as there are 2 companies and both owned by same they operate different things and the one that's suing Toby and TBEV is not the same as the one that runs the child id. So basically it does look like the small part that was set aside can be refiled under the correct plantiff but it's only $2 million out of the $26 million suit.
So not nearly a big chunk.
That said. The lawsuit is still seemingly moving forward and Id expect discovery will be interesting to say the least.
Sure hope the question of where the $500,000 from October 2014 went is answered at some point.
And what was done with that $150,000 toxic note money in September a month earlier??
These guys seem to go thru money like water in a desert and they have no assets, no utilities, no office they r paying for, no production, no product, no employees.....but they burn through cash like water?!???
$650,000 since September of 2014 has been claimed as gotten, and yet cash on hand per financial is pretty much null.
That's over $100,000 per month burn rate.
And ZERO PRODUCT AND REVENUES!
Any news on servers?
I'd say so.
In fact on the otc that year is enough time for 2 RS and an AS increase. Throw in a couple buy back claims, a ticker symbol change, and a dozen press releases and you have a standard year in the otc......
Good luck all, no way to know what the $&)& is happening here right now.
I do not see the 2 million financing in the financial......
It would need to be about OWNING those servers.
Think it will be?
Think we will see news that will be about owning 3.14 PH worth of servers?
I realize 10k doesn't account for assets recently received but the assets value in filing is not high enough to account for many servers.
They would have just recently gotten these assets though so hopefully your right and news about owning those servers hits.
Oh well it was in the 10k.....that makes it completely true then.
Well mutual doesn't mean Throwdown won't be filing for what they are owed per their contract.
Reality is just because they mutually agreed they don't want to continue to be screwed by Toby and have Toby use their name doesn't mean they are willing to allow Toby to not pay his past debt to them as agreed.
Just means they mutually decided the relationship was OVER.....
Now time to separate the assets so to say.
Like divorce its mutually decided it's done then come the attorneys to decide what goes where.
Lol but it was in the 10k so it's all good.....
These were all press and apparently they never made it to the 10k but at their release time - they were "awesome" news.....
http://finance.yahoo.com/news/high-performance-beverage-co-issues-134500739.html
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500956.html
http://finance.yahoo.com/news/high-performance-beverage-co-secures-124500412.html
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500881.html
UNTIL NONE OF IT HAPPENED!!!
It was a MUTUAL separation from dethrone too.
Until it wasn't, and that wasn't until shareholders found the legal settlement that occurred from the lawsuit dethrone brought against the company....l.
So I wouldn't put money on it being "mutual" unless Throwdown has made that statement and the statement that their will be no litigation or claimed losses due to the "mutual" break.
I don't see anything personal, I do see plenty of FALSE, MISLEADING, and FLAT OUT BS press released though....
And if ya don't believe it, read these press releases from last year....
http://finance.yahoo.com/news/high-performance-beverage-co-issues-134500739.html
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500956.html
http://finance.yahoo.com/news/high-performance-beverage-co-secures-124500412.html
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500881.html
Any of this happen?
Where is that $500,000 and why did they need it since they had just taken $150,000 from toxic lender weeks prior?!?
Why is that far fetched? It's NOT their money it's SHAREHOLDER money paying the way.
It's a means to make it LOOK LIKE something it's not.
Real business men do NOT take pics of badges and entry hates when going to meetings.
That's what TOURISTS do on a TOUR!
Oh and the press about RECEIVING the $500,000 CLEARLY stated it was to produce the Throwdown beverage, bottling, labels, etc....
So now it's all DIFFERENT????
In the end they claim to have gotten money, continued to claim production, ran a sweepstakes while never claiming TD was done, claimed distributing after holidays and gave excuse because that's better because people are back to their routines (people don't drink while during the holidays I guess).....
And all the while they were (as of February) negotiating with another company?
All those facebook and Twitter and press and private JOE emails etc and NOW they jump back in time to state negotiations been ongoing????
Wtf why would ANYONE choose to believe a word out of these conmen?
Where is that $500,000 that was RECEIVED to produce the beverage in OCTOBER under the THROWDOWN label??????
June 2014, where is that THROWDOWN beverage that was initiated at the bottler?????
All lies????
8,000 shares at .001 is a paint and hardly a flip panel amount unless it's etrade making money on commissions.
The fact that the ceo here is either defended by "its a great flip....." Or "the past press doesn't matter because IF the HUGE deal happens it's all good....."
These things are a major concern if ya ask me.
Id really like to know what happened to the $500,000 that was received in October to produce beverage???
Id be pretty pissed if I was that private lender who handed that cash over and lost 4 months worth of interest at a minimum on it so these clowns could change their business plan moments after they got the money!
So where is that $500,000???
Lmao but TBEV IS ALWAYS looking forward....
Problem is BUSINESS happenings are based in the PRESENT not in the future.
These fools don't do ANYTHING NOW, they simply keep planning on "future" BS press.
Mark my words, there will be more EXCUSES soon enough.
And if ya don't believe it, read these press releases from last year....
http://finance.yahoo.com/news/high-performance-beverage-co-issues-134500739.html
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500956.html
http://finance.yahoo.com/news/high-performance-beverage-co-secures-124500412.html
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500881.html
Too bad they start getting ruled out as obsolete when in February they state that back in November they were done with Throwdown and had started negotiations.....
What happened to the $500,000?
What happened to the production launches?
What happened to after the holidays......?
What happened to Throwdown being an awesome deal?
What happened to "we are awesome beverage gods with Peter Busch connections so we can do everything!"
Lmao
If these guys were connected as they claim then this would be a product launch able from any name any made up name and pulled from the sky name....
They don't have any connections.
Wow, so holding 70 million plus shares and one does NOT care about claims of receiving $500,000 and then not having that money or the ability to show where it went?
This wasn't from 10 years ago, it was from OCTOBER 2014!
I'm sure ANY company that would even consider TBEV will want to KNOW where this money went because it shows business financial responsibility and moral ethics to their shareholders.
So Id question it EVEN MORE if I held 70 million shares or over 100 million or even 1 million shares because IT DOES MATTER WHEN A COMPANY MAKES CLAIMS AND THEY ARE FLASE!
Looks like that bid just got whacked down, must be flippers taking profits.
While there is nothing here to believe when it all gets pumped and then negated by new press each time......
ALREADY RECEIVED $500,000 and were producing product under TD name.....????? Where is this MONEY?!?!?
Then they look over and see a "possibility" so they toss a year of a license and payments and free shares given etc to go see the "grass on the other side of the fence"???
Which mind they HAVE NO ASSURANCE that it will pan out?
Isn't that like quitting a job before you have a new job?
It is.
And it's been 4 months since they QUIT to "interview" with other POSSIBILITIES.
Facts don't lie.
http://finance.yahoo.com/news/high-performance-beverage-co-issues-134500739.html
Here Ya read how they were in talks as far back as November 2014......
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500956.html
Here ya read how at the end of October 2014 they secured $1.5 million and received the first $500,000 tranche.....
Yet they had been preaching about this $1.5 million for months by the time they received it.......
"CAVE CREEK, AZ--(Marketwired - Jun 4, 2014) - High Performance Beverage Co. (OTC Pink: TBEV) (PINKSHEETS: TBEV) (the "Company") is pleased to announce it has secured and finalized a $1.5 million dollar debt financing."
http://finance.yahoo.com/news/high-performance-beverage-co-secures-124500412.html
That goes back to June 2014!?!??
Wow so they secured it back in June? Wait a second wasn't there ANOTHER CLAIM in SEPTEMBER too??
Yup here it is....
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500881.html
"CAVE CREEK, AZ / ACCESSWIRE / September 10, 2014 / High Performance Beverage Co. (OTC Pink: TBEV) (TBEV) (the "Company") is pleased to announce it has closed its $1.5 million dollar Private Placement financing.
The $1.5 million will come in the form of three separate tranches of $500,000 over the next several months as the company implements its core business model which will also include the introduction of additional beverage flavors and potential “trend” beverage mixtures throughout the year.
The Company still anticipates putting its Throwdown High Performance drink into full production for a dual coast distribution during the month of October 2014."
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500881.html
So in June they SECURE and FINALIZE the $1.5 million financing. Then is SEPTEMBER they closed the deal that they FINALIZED 3 months EARLIER. Then in October they RECEIVE the first tranche of $500,000......then in November they decide "what the heck we should change gears and look elsewhere for someone to work with......"
Oh yeah GREAT MANAGEMENT!
Where's all the MONEY they RECEIVED???
$TBEV
Where's that $500,000 that was received in October on or before the 20th?
What happened to the production run in June that had been initiated?
What happened to distributing the bottled beverage after the holidays?
Oh I know.
Now it's "well we decided to change again but we didn't say anything until now.....not that negotiations are any closer since we really only had ONE meeting and that was for an OPEN CALL to show products....."
Believe it or not, this is a game and anyone willing to read the press and updates will FINALLY GET IT.
Absolutely WRONG.
The past of this company is REPEATING time and time again. The news fades away because they can only claim one thing has been going on for so long before it becomes realized so they then switch it to something else......
June - Production initiated.
June - $1.5 million
September - $1.5 million
October - $1.5 million
November - nothing here as far as news ****
December - waiting to launch due to holidays
January - n/a
February - shareholder update claiming in November *** they started negotiations.....THIS WASNT MENTIONED IN NOVEMBER THO.
and....IT NEGATES ALL OTHER NEWS RELEASES BECAUSE THEY SWITCHED GEARS!
Again!
Where's that $500,000 tho that was RECEIVED????
All BS LIES! Year after year and only fools don't pay attention to the past lies of a company. People like Hitler do NOT want people to remember and pay attention to the holocaust because the moment people forget it is easier for it to HAPPEN AGAIN!
Past forgotten is past repeated - Toby McBride is a liar and thus he will continue to lie.
The FACT is this whole "we have been in negotiations since November...." Is complete BS.
Ya got the financing news late October, then the claim they are waiting to launch until after the holidays, will be on shelves January, etc etc....
Then it doesn't happen so they go to an "open show and tell" at UA, post a couple pics of a badge and the entry to UA (like children going to disney world) and all of a sudden it's "we have been in negotiations with....."
Well wtf happened to the October news about having $500,000 and using it to produce Throwdown beverage?
Wtf happened to the news about sweepstakes being to figure out which flavors will be accepted best and to claim waiting until after holidays when people are settled back into regular routines to start launching beverage???
Ya sure great flip when there's no real volume at low points and no real volume at high points and it's not even 20% gains on a few million trip zero shares, not the point tho as the company is full of $hit with 2.5 billion shares diluted and eventually those holding will wake up and dump.
Tells me they don't have a clue how to stay a course. Tells me they are NOT as connected as they claim. Tells me they NEED other big names to provide a market for their "awesome" beverage. Tells me they do NOT have the distribution they claim. TELLS ME THEY ARE FULL OF $HIT.
And.....
Yeah well they claim to have ALREADY RECEIVED $500,000 and were producing product under TD name.....
Then they look over and see a "possibility" so they toss a year of a license and payments and free shares given etc to go see the "grass on the other side of the fence"???
Which mind they HAVE NO ASSURANCE that it will pan out?
Isn't that like quitting a job before you have a new job?
It is.
And it's been 4 months since they QUIT to "interview" with other POSSIBILITIES.
Facts don't lie.
http://finance.yahoo.com/news/high-performance-beverage-co-issues-134500739.html
Here Ya read how they were in talks as far back as November 2014......
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500956.html
Here ya read how at the end of October 2014 they secured $1.5 million and received the first $500,000 tranche.....
Yet they had been preaching about this $1.5 million for months by the time they received it.......
"CAVE CREEK, AZ--(Marketwired - Jun 4, 2014) - High Performance Beverage Co. (OTC Pink: TBEV) (PINKSHEETS: TBEV) (the "Company") is pleased to announce it has secured and finalized a $1.5 million dollar debt financing."
http://finance.yahoo.com/news/high-performance-beverage-co-secures-124500412.html
That goes back to June 2014!?!??
Wow so they secured it back in June? Wait a second wasn't there ANOTHER CLAIM in SEPTEMBER too??
Yup here it is....
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500881.html
"CAVE CREEK, AZ / ACCESSWIRE / September 10, 2014 / High Performance Beverage Co. (OTC Pink: TBEV) (TBEV) (the "Company") is pleased to announce it has closed its $1.5 million dollar Private Placement financing.
The $1.5 million will come in the form of three separate tranches of $500,000 over the next several months as the company implements its core business model which will also include the introduction of additional beverage flavors and potential “trend” beverage mixtures throughout the year.
The Company still anticipates putting its Throwdown High Performance drink into full production for a dual coast distribution during the month of October 2014."
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500881.html
So in June they SECURE and FINALIZE the $1.5 million financing. Then is SEPTEMBER they closed the deal that they FINALIZED 3 months EARLIER. Then in October they RECEIVE the first tranche of $500,000......then in November they decide "what the heck we should change gears and look elsewhere for someone to work with......"
Oh yeah GREAT MANAGEMENT!
Where's all the MONEY they RECEIVED???
$TBEV
All well and good, whether there's an update here or not no one is successfully getting out anytime soon with that RS overshadowing every step forward.
There would need to be 3.14 PH worth of full time mining equipment owned by MELY and proven to be owned by MELY before the PPS was going to run up even to .0002 at the rate she's going.
Silence here is the same as any lesser update, nothing will happen without EXACTLY what is said happening.
Wait a second so in October 20th 2014 they are press releasing they secured a $1.5 million loan and had RECEIVED the first tranche of $500,000 to be used towards production, bottling, etc UNDER the Throwdown Beverage name......
BUT THEN.....
In the most recent UPDATE (nearly 4 months later) they CLAIM that mere days after receiving this money they entered into "preliminary discussions with......."
Do these fools even realize this make NO SENSE? Well unless you need to convince shareholders as to why after you claim to have received $500,000 to get $hit going finally that you still haven't done anything......let's just tell them it's because we have something even better coming "down the road"
Then shareholders won't care that a bottle of juice is a bottle of juice and IF MANAGEMENT here was as capable as they claim and connected as they claim and Peter Busch was as involved as they claim that they should NOT NEED ANY OTHER LARGER COMPANY!
http://finance.yahoo.com/news/high-performance-beverage-co-issues-134500739.html
"In November 2014, the Company entered into preliminary discussions with a well-recognized corporation in the sport industry. Based on their initial meetings, the Company felt that there were significant synergies between what this corporation was looking to develop in their market space and what High Performance Beverage can deliver.
Since then, several additional meetings and presentations have taken place, including as recently as of two weeks ago, to discuss the intricacies of successfully marketing High Performance Beverage's line of sport drinks under a different brand name.
At this time, there can be no assurances of an actual relationship taking place. However, because of the significance of any type of relationship transpiring with this sport industry corporation, High Performance Beverage has opted to strategically take a careful wait and see approach with the initial launch of their sports beverage products."
http://finance.yahoo.com/news/high-performance-beverage-co-issues-134500739.html
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500956.html
CAVE CREEK, AZ / ACCESSWIRE / October 20, 2014 / High Performance Beverage Co. (OTC Pink: TBEV) (TBEV) (the "Company"), is pleased to announce it has completed its recent financing and has received its first $500,000 tranche.
This funding has been placed with a local investor group as opposed to utilizing monies available with standard more transactional oriented Hedge Funds. Because of this, the Company feels they now have a local financial partner with a vested interest in the long term success of the Company.
The Company plans to utilize the first $500,000 towards labeling, bottling and production of their Throwdown High Performance Beverage drink. Retail production is expected to begin within the next 30 days with a dual coast distribution and delivery to market immediately thereafter. Upon distribution, the product will also become available for internet sales through their corporate website. Subsequent funds received every 30 days will be utilized to market the product effectively and supply working capital to the Company’s operations.
Make any sense on the timeline?
This company needs to get it together and start reading their past press before releasing further BS that conflicts with their previous lies!
I dislike the taste, my kids seem to be ok with it tho.
What I'm failing to see though is where are the "signature" multi colored caps?
Weren't they what separates PLKD from all the rest?
Peter Busch? The guys been here since it was Dethrone beverage, one order NOT A SINGLE Busch distributor was involved......
Throwdown Beverage he was here for, AGAIN not even a single bottle filled this time.....
And he's still around......
Wanna spill in the pattern for what will happen?
Dethrone - strike out
Throwdown - failed completely to even produce
????? - never even going to get the deal because it's an obvious enough pattern of FAILURE HERE.
Peter Busch hasn't done squat here to help the company in 3 years so what makes anyone think the "name" will do it this time?
Where is that $500,000 received around October 20th 2014??
"pleased to announce it has completed its recent financing and has received its first $500,000 tranche."
This is NOT speculating, THIS is factual press that I'm curious where the money went to......
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500956.html
CAVE CREEK, AZ / ACCESSWIRE / October 20, 2014 / High Performance Beverage Co. (OTC Pink: TBEV) (TBEV) (the "Company"), is pleased to announce it has completed its recent financing and has received its first $500,000 tranche.
This funding has been placed with a local investor group as opposed to utilizing monies available with standard more transactional oriented Hedge Funds. Because of this, the Company feels they now have a local financial partner with a vested interest in the long term success of the Company.
The Company plans to utilize the first $500,000 towards labeling, bottling and production of their Throwdown High Performance Beverage drink. Retail production is expected to begin within the next 30 days with a dual coast distribution and delivery to market immediately thereafter. Upon distribution, the product will also become available for internet sales through their corporate website. Subsequent funds received every 30 days will be utilized to market the product effectively and supply working capital to the Company’s operations.
Mike Holley, High Performance Beverage Company President, stated, "We are very pleased to announce the closing of this funding with a local private investor group. While this funding ultimately put our production back by 30 days, we feel the benefits of utilizing local investor money, as opposed to typical hedge fund groups will benefit the Company and our shareholders over the long term. We will now be moving very aggressively to bring our product to market." He also stated, "We would like to take this opportunity to thank each and every shareholder for their patience and belief in management’s ability to successfully raise capital and produce a performance beverage that will be first to market."
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500956.html
"pleased to announce it has completed its recent financing and has received its first $500,000 tranche."
RECEIVED its first $500,000.....
WHERE IS THIS MONEY?????
No 8k, no filling to show terms, nothing at all about this past this press release CLEARLY STATING IT WAS RECEIVED!!!!
So where is it????
Really there's a deal? Kinda like the news 8 months ago where people bought shares from .0012 to .018 just to get stuck holding bags galore all the way down to .0006 so far????
http://www.marketwired.com/press-release/high-performance-beverage-co-initiates-production-run-bottling-its-throwdown-high-performance-pinksheets-tbev-1919926.htm
High Performance Beverage Co. Initiates Production Run and Bottling of Its Throwdown High Performance Beverage Line
Company Confirms Meeting With Big Box Retailer in July to Discuss Retail Sales and Distribution
CAVE CREEK, AZ--(Marketwired - Jun 12, 2014) - High Performance Beverage Co. (OTC Pink: TBEV) (PINKSHEETS: TBEV) (the "Company") is pleased to announce the initiation of its first production run and the bottling of its new line of performance sport drinks Throwdown High Performance Beverage.
The Company states that initial plans call for a run of 200 pallets to be distributed by 10 trucks on the west coast and 9 trucks on the east coast. An additional 20 pallets will be warehoused for online sales.
The Company is also pleased to report that it has been contacted by one of the largest Big Box Retailers in the U.S. and is set to meet at their corporate headquarters in July to discuss the sales and distribution of Throwdown High Performance Beverage for its over 10,000 retail locations.
Toby McBride, High Performance Beverage Company CEO, stated, "We are glad to report that we have accomplished more over the last 2 weeks than in the last six months, as it relates to bringing our product to market. Based on our profit margins and anticipated sales, we are confident that we will meet our contracted quota's well within our contractual requirements with Throwdown Industries." He also stated, "I would like to take this opportunity to acknowledge and thank all our shareholders for their confidence, patience and loyalty during these critical times as we continue to establish ourselves in the marketplace."
Because of the recent increased demands for time by its Principles, the Company asks that all potential investors and shareholders call or email the Shareholder Relations Dept. and speak to Joseph Vazquez regarding any information or questions, as it relates to High Performance Beverage and the public company.
While the Principles have always enjoyed speaking with their shareholders in the past, it is now impossible to implement a successful business model and meet time sensitive operational demands, while taking the time to speak with shareholders.
Mr. Vazquez brings over 30+ years of experience in dealing with all aspects of public companies and is highly qualified and readily available to assist anyone with questions regarding the Company.
Yeah one of MANY completely BS press releases!
This POS has told the "big news" lies before, this one is nothing new.
Company never even mentioned UA btw, just lead into it because that way they can clearly claim they NEVER SAID IT WAS ANYONE SPECIFIC and they also placed a get out of it clause in last update......
No deal gonna happen here.
Same BS claims as a year ago.
SO WHERE is that $500,000 that was RECEIVED in October 2014? Is this really so minimal that it's not important to know where that kind of cash went????
http://finance.yahoo.com/news/high-performance-beverage-co-plans-124500777.html
Dual coast launch? Never happened did it?
International discussions? Really? Nothing further on this since last June?
How many people bought during these press releases on a massive pump here? Anyone make out because seems like it ran up 800% and dropped even lower since because NONE OF THE PRESS WAS TRUE!
Where's that $500,000 tranche they RECEIVED in October 2014?
Vazquez can't even answer a simple question as it relates to PRESS RELEASE from October 20th, 2014 that HE signed off on and released.
Where is the $500,000 first tranche that was released via press as RECEIVED JOE?
Ask your employer if ya don't know, that's your JOB to answer these types of questions JOE!
You press released it, it sure was NOT forward looking at all and yet you now think playing dumb is going to solve this issue????
Where is the $500,000??????
Seems that way to me as well
$MINE
Vasquez is a lousy IR, HE puts out press like $500,000 first tranche received and then claims he doesn't have info on where it is......
Interesting half a million dollars up and vanishes with no 8k no terms no nothing just received and NADA...,,
Actually these questions were asked of him and he refused to acknowledge them with responses beyond, he's not privy to that information......
Much like his email that was posted some time ago on here.
But seems his name is on the bottom of that press release so I'm not exactly sure how he can't be privy to a $500,000 tranche claimed as received that he himself wrote and yet now he can't comment on it?
I'm confused, doesn't the person writing and filing a press release have to be checking the validity of what they are releasing and putting their name on?
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500956.html
Interesting indeed.
$TBEV
How's that a fact when it was just stated no one will say what the SS is?
Doesn't one need to know something to claim it as a fact?
Yeah no problem, seems to me there is plenty of FACTS that can be discussed. Like the press here http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500956.html where it CLEARLY states "has received the $500,000 initial tranche."
That was back in October 20th, 2014
Where exactly is that money?
What was the $150,000 toxic note cash used for just a month earlier in September?
It's interesting to wonder where a total of $650,000 went in just months here when we've seen no production, no sales, no acquisitions, no assets, and no costly office space, no warehousing, no utilities, not really much at all to spend money on.
But yet $650,000 was RECEIVED between September and October of 2014 nearly 6 months ago and yet NOTHING to show for that money.....
Unless one counts the conversion of the $150,000 note in March.
But what were the terms of that $500,000 that was press released as RECEIVED on October 20th, 2014?
Is there a filing on it? An 8k? Surely half a million dollars received in funding tranche is a material event, right?
So just these two questions keep going unanswered and I tried calling Toby McBride but got barked at by him, tried calling JOE Vasquez but seems he refuses to even acknowledge these numbers, Id rather these answers be publicly released anyway tho.
It's a lot of money to just up and disappear.
So anyone got a link to where this $500,000 tranche that was reported as received back on October 20th 2014 went to?
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500956.html
Where it came from, who was the lender of that $1.5 million anyway?
And what was the note for $150,000 taken in September a month earlier, used for?
$TBEV
Back on October 20th 2014 this is a classic press release.....
http://finance.yahoo.com/news/high-performance-beverage-co-completes-124500956.html
"Has received the first tranch of $500,000......."
So where exactly is this $500,000? It's been nearly 4 months since they reported clear as day that they received it and yet no production, no product launch, no advertisements, no shares bought back, no dividends offered, no overhead since 10k clearly stay office space is not being charged for, no asset.......
So where did this $500,000 go to?
Did they simply add it to the $150,000 toxic loan they accepted in September 2014 and then pay themselves?
Where is this money? Was it ever really received? Was this all a lie?
$TBEV
What ever happened with this?
Any updates on this BIG meeting from back in July?
How about an update to the 1st production run of Throwdown beverage?
http://www.marketwired.com/press-release/high-performance-beverage-co-initiates-production-run-bottling-its-throwdown-high-performance-pinksheets-tbev-1919926.htm
Such false and misleading press.
$TBEV
Hmm did Rico sell company shares privately to shareholders and take payment via wire transfer to his fiancés bank???
No? Hmm
Did Rico claim he received $500,000 in September 2014 and not showing it anywhere?
No? Hmm
Did Rico offer note terms of 60% of lowest single print in the preceding 25 trading days to conversion?
No? Hmm
Well I suppose Rico has not had product for the past 2 year then?
No? Rico has 2 products.... Hmm
I suppose Rico just gave himself, a president, and a salesman $850,000 annual salary then right?
No? Hmm
Yeah PLKD is just doing horrible.
Lol