NewAge Inc (fka NBEVQ) (NBEVQ)

[Run4Cover]

It’s going to be tough for BW to pull off this raise. They burned through so much more cash than they anticipated. Management by PowerPoint and “hope and prayer” isn’t a good strategy.
It’s not really surprising that this “WTF” moment occurred based on his track record . Credibility is below zero and even If he does manage to pull it off the terms are likely to onerous.