Alkaline Water Comp Inc (WTER)

[Roland Rick Perry]

Longer Term..

Revenues (rounded, fiscal ends 3/31)

2015 $3,700,000
2016 $7,800,000
2017 $12,763,000
2018 $19,812,000

(That's $44 million worth of water in the last 4 years.)

Cash Flow

2015 -$3,152,000
2016 -$3,109,000
2017 -$2,554,000
2018 -$2,625,000

Offset by Financing Activities

2015 $3,592,000
2016 $4,556,000
2017 $2,219,000
2018 $3,328,000

https://www.otcmarkets.com/stock/WTER/financials

By comparison, Core Nutritional which was acquired by Dr. Pepper (KDP) spent/lost roughly $70 million (funded by financing activities) to generate sales near $200 million. It's not an uncommon game for privately held fast growing beverage companies. But it's not something investors in publicly traded companies are aware of, as most of the financials are kept private.

The retail investor sees a headline that Casmigos was acquired for $700 million and assume it was a small yet profitable Tequila maker that got lucky. When in reality there were no profits (and cash flow negative) for miles and privately funded to keep growing.

Core Nutrition Raises $39 Million Privately.

http://beveragestartupnews.com/core-nutrition-raises-39-million-privately-bevnet/