Bebida Beverage Company (BBDA)

[SammyTheBull]

My take? They sold Potencia products through Bebida Beverage Company and booked the revenue but not the expense. They then sold Koma Unwind products at a small loss and that's the cost of goods sold - other expense line. Remember, they said they would be the "Marketing arm" for Potencia. If you remove that revenue, then the financials suck bad. The loss is absorbed by Potencia where it didn't receive revenue. It's called an off balance sheet transaction, exactly what Enron did to keep losses off the books and dumped into private subsidiaries.