Bebida Beverage Company (BBDA)

[OlafKjelldsen]

Forensically speaking from an accounting POV, I would recommend any client of mine to do the same.

Would you recommend they do this?

https://viewer.zoho.com/docs/xbyPX

I have a friend who is a CPA. I asked him to review BBDA's financials. He said they were so absurdly incomplete that no judgement could be made.

Set up a Company under each process of the main company and have it all pay a royalty fee or consulting fee to that company rather than receive wages.

I understand the reason why companies would section up their interests for tax purposes, etc, but I also think a public corporation asking for people's money ought to be willing to clarify what those relationships are - where royalties are paid, to whom and how much consulting fees are paid, etc. This company discloses nothing of the sort and based on their less-than honest past with regards to shareholders and deliberate lack of transparency, I feel a very strong suspicion is warranted.

Some of those companies (including the Delaware DLR Assoc that holds the trademarks) pre-date BBDA, so they weren't originally set up to do anything with BBDA. There was a Nevada BBDA when the CEO took over and it no longer exists - it was part of another asset-moving/hiding shell game. There may be legitimate accounting reasons for doing things like this, but this company doesn't do legitimate accounting. One time, they added the Cost of Sales to Gross Revenue (which itself included money from selling shares) to get Gross Margin and PRed the result as an 84% increase.