NewAge Inc (fka NBEVQ) (NBEVQ)

[ynotcookit]

JoeNatural:

Would appreciate it if you could reconcile/explain the apparent inconsistencies of two statements (maybe I'm just not understanding what you meant in one or both):

1) From your last SA article:
"but also calls for a whopping $60 million in cash and NBEV currently has a little over $4 million in cash and no debt. It was already hinted at the ROTH Conference at the 4:30 mark of the webcast that U.S. Bank is once again in the on-deck circle," (suggesting non-dilutive financing) ??

and, from this post I'm replying to:
2) "If you listen to the last webcast, you'll hear the CEO say he doesn't know where the funds will come from for their next acquisition"....It tells me there's another offering on the way or maybe an offering combined with their line of credit.

My concern is: if there is indeed "another offering on the way" (your words), why would you be buying shares back until the offering is public and the offering price is known ?!? I remember you weren't too pleased when the last offering was priced well below market. Thanks