Bebida Beverage Company (BBDA)

[OlafKjelldsen]

1 Why did they move to Wyoming?

DLR? Who knows. But if they've "moved", then DLR Delaware will cease to exist. Or maybe they will "lock it up in their desk" like the Delaware BBDA. Or maybe we should wonder why a Bebida Beverage Company quarterly report is telling us what's going on with a separate, private corporation in the first place. It doesn't explain why it needs to be a "for profit" corp, though.

2 Is that 50,888,980 shares issued something new? Why doesn't it show in the share count? Who did the money go to?

I don't know the specifics you are asking for, but I know they put out a PR on 6/14/2012 claiming the "end of marketplace capitalization" and then issued and sold more stock after that date. Oops!

http://ih.advfn.com/p.php?pid=nmona&article=52772347

I noticed this document also confirms that there are no preferred shares, so the statements from the CEO about owning 700M preferred shares are apparently not true. In other words, management of this world-beating, next big thing company don't own any shares in it. Think maybe they know something you don't about the potential of the company? But hey, they did see the importance of moving a $1 a year corporation, in which they hold at least a 70% interest, from Delaware to Wyoming right before Walmart was announced. I noticed the Wyoming DLR is not in delinquent tax status either, so apparently they have no trouble remembering to send in the $50 fee for some of their Wyoming corps, but not others.

They are also still listing their "principle executive offices" as a mail drop, not a physical address.