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100:1 Conversion? Does anyone know how that is going to work with this penny BS. Usually, it would just automatically update in my Scottrade account. But, as of right now it looks like the BBDA is dead and gone and I do not have any shares in the BBDAD ticker.
Ha. So, they are sponsoring Ammy fighters now? Unless this dude is having a pro debut, but I thought pro MMA was still banned in NY.
http://www.mixedmartialarts.com/f/6FB112C5E0C6A88A/Robert-Wallin/
The Piranha water sponsorship was Dan Hardy.
For some reason we lost 5% equity in DLR as well. It went from 30% to 25%. I wonder what the reason behind that is.
We are up to $250,000 in debt as well.
I guess it all depends on what you would define as "selling". Selling one can to a person would satisfy that requirement as a FACT, right?
Was the energy and time it took to pitch to gas stations, grocery stores, etc. worth the amount of sales that occurred? No. Most sales came from online though.
We just did it on a lark as a little side project while we worked full time jobs. I am sure professional distributors who already have a network of other products would do a lot better. We had no idea how much we could move and just bought a pallet. In hindsight, we probably should have just started with the minimum 40 case order.
It was a fun experiment. Learned a lot of things through the whole experience that can be used in other jobs or what not moving forward.
I was. We stopped last summer.
You hit the nail on the head with the "may not be worth the hassle".
Side note -- Red Sox Fan...apparently you have to have a subscription to reply or do any of the Private messages on this site...so I can't use that function. Sorry. But, I'm in St. Louis, MO. I doubt the journey from Vegas is worth it.
Well, I have drank some here and there. But, it's not like a beverage you would drink everyday in my opinion.
We bought a pallet of 110 cases back in 2012 for about $2300. Got through a little more than 60% from the first time I posted about giving it away. At that point we were just bored with it and had moved on to other projects cutting our losses at a few hundred each.
In regards to actively trying to give it away, I just figured I would reply to the posts from today that rehashed my posts from last summer. It seemed an apt opportunity to update the BBDA.pk community since there were a few posts this morning in regards to it. It's not an effort that I am aggressively pursuing.
Nobody has contacted me to pick any up. It doesn't make any sense for anyone to drive across the country to grab it because gas would outweigh the value of the drinks. But, if anyone was in the area due to other things going on in their life or if anyone was reading the post that lived nearby...then come and get it!
It's in St. Louis, MO. I got about 12 cases left as of this moment.
Unemployed? West coast?
Yeah. I still have not heard why someone would think that deal would be appropriate. The BBDA.pk vehicle is taking all the risk with only a 5% upside.
Thanks for the post. From the looks of it...the Discount Share Holders don't really need to pump the stock to sell. They just start selling bit by bit (or "smurfing" if you get the lingo) at whatever the current market price is. And still make profit.
There seems to be little risk in that endeavor.
True, the market price could fall below your discount price....but in all actuality it never happens.
I'm confused. Is this a post from 2009 or something? Potencia has been out for a few years and all but discontinued. Also, the sponsorship of Dan Hardy with Piranha Water was only in 2009.
For the life of me I can't see the legitimacy of using the BBDA stock vehicle to act as collateral for oversees funding. BBDA only owns 5%, but it looks like it is taking the majority of the risk.
If they need to secure a $5 million loan/investment for the overseas activities then BBDA.pk should only be on the hook for its portion.
It looks like we are currently $119,012.98 in the hole as of Q3 2013.
I'm curious to see if that is going to increase as well with the "capitalization" of the stock.
He is a complete sociopath. The posts he is referring to just mentioned why they increased to 9.8 billion authorized shares. I did not see anything that referred to his 20 or so employees. He is acting like he is sticking up for something that was never there to deflect attention.
Seriously. Who even talks like that about "our house". That sounds like the wolf of wall street character.
This is unreal! 9.8 Billion? This is too absurd! I am speechless.
The other problem I see with the few Walmarts that the product has been put in when they discount and then ultimately pull the product is....that Koma Unwind will never be back in that store. You sort of get one opportunity to do that. If the stores give it a chance and put it in...and then it does not sell well...they are not going to be convinced to do that again months or years later. Why would they? They want to save shelf or floor space for things that will bring in profit.
I just don't see that happening.
They would have been better off concentrating on staying regional and slowly morphing out instead of trying to go national (or even international). You can concentrate your marketing dollars that way. People are right when they say there is not any marketing support in Texas or Florida or where ever else they might go.
They are spending too much money for less of a return now. They were at a steady 30% profit margin that is now arguably a loss if they are counting selling shares as revenue.
Walmart already has the negotiated price with BeBevCo to sell the product at a cost of $28 a case. They in turn sell the product at $1.88 a piece or $45.12 a case.
$45.12 - $28 = $17.12
$17.12 / $45.12 = 37.95% profit margin (give or take slight rounding)
So, he sold shares to get $383,000 and then took on some new debt of $119,012.98?
They needed a total of $482,012.98 in outside funds for this quarter.
With all that they only increased revenue by about $200,000.
Seems like they are losing money now.
Where is whip championing the 30% margin...the last two quarters have been 15% and 3% (if you even accept the numbers they put on those sheets)
The winter months in Q4 are the slowest for beverages, so my analysis actually estimates them only making $2.1 million for Q4. We will see in 3 months.
Well...not like I really want to defend him...but...I just re-watched the video...and it was the REPORTER that said he said that "last year the company made more than $4 million, and it the last 3 months revenue has doubled." She might have misspoke when she did the voice over recording.
The $4 million part is correct. In 2012 they made $4,555,617.34 in revenue by my calculations (add up the 4 quarterly reports)
The "revenues have doubled" is harder to defend. (I mentioned this on one of my other posts.) It all depends on what you compare it to. Most people would think you would either compare from quarter to quarter OR from the SAME quarter a year prior. That is how a normal person would read that statement.
However, in both those instances he would be WRONG.
The only way the doubling makes sense...is if he arbitrarily picks a quarter from 2010 and says..."our last 3 months revenues are double that quarter". Which is retarded...but that is my best guess as to what his spin is.
So, now he needs to take on debt AND sell shares.
Yeah. So much for being "debt free". You really can't defend this POS. Without selling shares they are losing money now.
I guess I got the sales revenues right...even revising the "income" was way off...They almost lost money. Profit margin is just 3%.
A long way to go for barely a 10% increase in sales.
His statement about double or triple revenues was wrong as was predicted.
trackman19 Friday, 10/11/13 10:54:41 AM
Re: Cburg post# 239529
Post # of 242958
So my estimates for Q3-2013 sales and "income" before the Q2-2013 numbers came out were below:
$2.2 million in sales and $700,000 in "income".
HOWEVER...after the Q2 numbers came out and the profit margin was HALF of what it was historically running...I updated my estimates to:
$2.2 million in sales and $450,000 in "income".
Does anyone have any predictions?
OTC Markets like every quarter.
Main filing page is here
http://www.otcmarkets.com/stock/BBDA/filings
Q3 - 2013 is here
http://www.otcmarkets.com/financialReportViewer?symbol=BBDA&id=113764
Edit from earlier...page 4 of 8 is missing... not page 5 like I previously said. Sorry.
Report is out...but no sales numbers on it. Page 5 of 8 is missing. I guess the numbers are not as high as reported, so this is a first in which he just removed the financial statements from the "Quarterly Report".
It's always something shady with that guy.
The "discount shares" he has been selling are close to $.0013....which is not much of a discount with what the market is at.
This stock looks to go lower than the par value. Hell, I wonder if it can go to negative where shareholders will actually OWE money.
Ha. So, the second article did leave out the 8 million produced with the expectation of going to 20 million. Ha.
I guess it depends on what numbers he is talking about tripling and against what? This guy is all about word play.
Tripling "revenues" from almost $2 million from Q2-2013 to $6 million does not seem likely.
Nor does doubling to $4 million.
What does seem possible is tripling the reported Q2-2013 "income" of $295,957.96.
All he has to do is hit like a 37% margin on 2.4 million in sales to accomplish that.
I still predict a $2.2 million sales and $450,000 in income. I adjusted my income prediction from the usual 30% because last quarter we were at a profit margin of only 15%. (I would still like to know why such a large drop and if that will continue)
Of course, that all just uses the numbers that are reported. Which as we all know are error prone and not trusted fully.
I see you emphasized "sales are soaring".
Do you care to estimate what you think the Q3 numbers for sales and profit will be?
This is true...furthermore...why would that be a "sticky"? Aren't those supposed to be for important threads that should be given more weight than general posts?
FYI...it is even more than that. There are 24 cans to a case NOT 12.
Source: I bought a pallet of 100 cases a year ago from BBDA. Still have about 10 cases left in my basement.
I read that about the 8 million "cases". I can only assume that is accumulative since the inception of the brand. Hoping to do 20 million total in 2014 would be another 12 million cases.
However, that still sounds off. Maybe 12 million "cans". At a $1 a piece wholesale that would be $12 million in revenues for 2014.
That is still growth and seems realistic.
12 million cases (at 24 cans to a case) is 480 million cans. At a $1 a piece wholesale would be $480 million.
Do they really think they are going to explode that much?
I'm all for them being positive and what not, but some of this just sounds delusional.
So my estimates for Q3-2013 sales and "income" before the Q2-2013 numbers came out were below:
$2.2 million in sales and $700,000 in "income".
HOWEVER...after the Q2 numbers came out and the profit margin was HALF of what it was historically running...I updated my estimates to:
$2.2 million in sales and $450,000 in "income".
Does anyone have any predictions?
Anyone have a short recap while we wait for someone to post a video?
I started late. They mentioned they will be back on the Ustream at 7:00 pm. I don't know what is planned for that, but it was in the Chat window.
My short notes:
- As I expected, the NYSE deal is not really the NYSE. He confirmed it is just the NYSE: MKT. Which he is still calling AMEX even though it has not been called that for years!
- He is holding off on the NEW can designs for the USA until at least July 4th. They want to put those out in the exported countries first starting with the Dominican Republic.
- Already switched the new BeBevCo corp from a Delaware to a Wyoming. I don't know the advantages on that though.
- He seems to think the NITE is causing all the issues with the stock and said that only doing some sort of split would freeze them out for a month.
Good luck at the open house!
I just wanted to send a message to everyone who is going. Please try and get as many good answers to all the questions that have brought up here.
I was hoping that they would have done some sort of online streaming for at least the meeting part...but I have not heard anything about it.
Well...as far as "very professional" goes. When using a Wordpress Content Management system they should have used the URL friendly descriptions for content.
Example:
http://carmeladvisorsllc.com/?page_id=18
Would be more professional to be:
http://carmeladvisorsllc.com/about-us/
BebevCo does this with their site.
It is literally just a check box on the backend to do. No code work.
This is true.
But, the catalyst for that move was when he stated that they are no longer selling shares to grow the business, but will rely on profit from sales and a $4 million line of credit. Additionally, the tease of having a stock buy back fueled speculation as well.
That is what the market initially reacted to.
Then the anticipation of being in Wal-mart moved the stock further.
Fast forward to now.
The selling of shares started again. Buy back is off the table for all intents and purposes. And the Walmart revenue has not panned out as much as many had hoped.
I always took those "BW is dumping" messages as just a short hand explanation of the dilution that occurs.
It is true that whomever got those HUGE discounted shares are the ones systematically putting them on the market to profit and NOT BW placing sell orders everyday.
However.
Since the mass of shares were allowed to be sold from BBDA to the Discount Buyers via BW's increasing the authorized shares and selling them in the first place...the blame for dilution falls on his shoulders. That is the frustration we are witnessing in these such posts.
"BW is dumping 5 million at 3:59pm" is easier to say than...
"The discount share buyer whom got hundreds of millions of free trading shares from BW 2 months prior at a 50% - 70% market price discount is dumping 5 million at 3:59pm"