The dilution of the shares, the history of the company, the small quarterly report revenues, the promos that ended at about the same time the stock recently peaked. I found this company on this website and started my digging from there.
I arrived at the same conclusion as you. So you are not a basher or a Debbie Downer. I already lost some money on this company and I had hoped like hell that I had found a diamond in the rough, but from what I am seeing, the PPS is going back down to where it is more affordable to be bought back. 2.5 billion shares is A LOT of shares even for a penny stock, but certainly for a company that is touting global operations, national distribution to Wal-Marts etc.
The numbers just don't add up. What is amazing is all the buying that is going on and the institutional ownership. Someone thinks there are great things coming here. Provided that the CEO issues no more shares as he has said he wont, then he only has three options: Wait everyone out and drive down the price of the shares or build a genuine brand and sell it for X times earnings to cover the shares and make a profit, or lastly bring in revenues of tens of millions to afford the already inflated PPS to buy them all back and move on.
There is no point in a buyback. Just do a small reverse split to bring normal share counts into the picture and then set yourself up to get on the big boards after a legitimate audit. Even if there is a buyback, that wont stop him from issuing millions more shares of stock again as he has done many times already.
Try explaining this to someone who has already planned out there glorious billionaire retirement by buying all the BBDA they could get their hands on. Then you would just be wasting your time. For those of us who only care about facts and numbers void of emotion towards a CEO or a company (and maybe this is just me) I need more proof in the pudding before I do anymore buying. And I don't see any risk in waiting. I don't believe there will be no more shares left because of a buyback. It just doesn't fit with this company's history.
