BBDA decreased A/S from 9.8B to 6.8B shares today. But since 12/31/13 increased preferreds to 200M (up from 5M).
The decrease still leaves room for about 800M. I believe a similar situation occurred when the BBDA CEO announced a "up to $4M line of credit (from at that time an unknown source, which later to be revealed was JSJ Investments)" and it sure feels like history repeating itself. Find financier/"investor", let pps rise, sell stock to pay off financier... sure feels ponzi-ish to me.
We'll see how their next PR sounds since the CEO is still having problems fixing their OTC status:
May 4th - It came to my attention mid day friday our OTC status was moved to yield, unfortunately an email generated by OTC was in our Spam folder asking us to make a modification to our annual report filed way back mid Feb. The adjustments will be made Monday and should be back to current info by Wednesday this week.
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