NewAge Inc (fka NBEVQ) (NBEVQ)

[camatail]

Agreed. SCAM, lolzzzzzz! In fact, any investment without due diligence will likely bite back. Sorry, for all losses incurred. All CBD and health drink exotics have been scam-able ventures throughout history. The market is overflowing with these potions. With such density to market, New Age touts its direct to store delivery (DSD) and multichannel marketing (MLM) strategies for US and international markets. The company’s disjointed social media pages and websites as well as New Age Live webcasts appear to be employing a multi-level marketing or pyramid selling strategy rather than DSD or MLM. It’s pretty amazing $NBEV saw 4Q Rev @ $90M with ~$350 multi-level marketing starter kits. That’s a bunch of bag holders warehousing garages full of energy drinks, makeup and other “health” trinkets. Hopefully, $NBEV does something to benefit of their sellers, before declaring bankruptcy. My question is why not just smoke pot rather than drink it? Seems more natural and healthily that way, no? I'm sure Phillip Morris is working it out. Lolzzzzzzz