Bebida Beverage Company (BBDA)

[kidnova]

If you feel you have been scammed by this company, then I would suggest sending an email, including links to misleading statements and PRs to one of the contacts listed under Kore Nutrition Inc. below:

In connection with Kore Nutrition, Inc. and Mind Technologies, Inc.:
Michele Wein Layne, [phone] or [e-mail] Associate Regional Director, Los Angeles Regional Office
Alka N. Patel, [phone] or [e-mail] Assistant Regional Director, Los Angeles Regional Office
www.sec.gov/litigation/supsensions/2011/34-64612.pdf

The desciption of why this stock was suspended by the SEC:

Shares in Kore Nutrition Inc. began to spike on Aug. 31, 2010, following the release of a company-paid research report setting a target price of $10.50. Moreover, on Sept. 1 and 8, 2010, the company issued press releases announcing new distribution agreements to market its energy drinks. The research report and distribution agreement claims were reiterated on numerous stock-promotion websites, touting Kore Nutrition as a “winner.” Kore Nutrition’s quarterly report for the period ending Sept. 30, 2010, filed with the SEC on Nov. 15, 2010, made no mention of the announced distribution agreements.

PRs about distribution agreements that never materialize? Where have I heard that before?