The last (and only) R/S was done over 2 years ago, (Oct 2010) just a little over a year after BW took over the company in 2009. He bought it for a great price, however for that low pricetag, he also inherited some pretty big debt issues from the previous management. This, plus the terrible economy, forced BW to do what he had to do to keep the company afloat. Many businesses were going bankrupt and closing up back then, and BW did the R/S as a last resort to save BBDA.
Today, the company has grown much, much stronger under BW's leadership. Koma Unwind is now in scores of Walmarts, is in hundreds of convenience stores, and a huge Euro-Asia partnership is about to be announced.
Exciting times lay ahead as each quarters numbers are larger than the last....with the most recent bringing in $1.6 million. New brand extensions are coming out soon and a systematic buyback will begin next year to bring down the sharecount. Additionally, the company will finally be able to afford to do a complete independant audit as BW mentioned in his last Shareholed update.
The future is bright for BBDA no matter what some of its detractors might say. I for one am glad to be an investor and will be holding long as this is one of the few penny stocks that actually have a viable product with great potential.
GO$BBDA
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