CEO Update – Share Structure
by admin on March 5, 2013
Hello all!
It’s been a very busy January, February and March is starting off even busier! In an effort to keep you all updated, and in the interest of responding to an issue that has recently come up, I will like to give you an update on BBDA’s share structure.
We have a self-imposed cap of 2.4 billion shares outstanding and a total authorized limit of 2.5 billion shares.
Shares are a form of currency and a leveraging tool, as well as using as collateral that we utilize to make the investments in people and infrastructure to grow BeBevCo. An issuance of shares does not automatically mean they are free trading. Shares can be issued as free trading or restricted for the purpose of growing this business. We also have two stock certificates issued years ago that have never been deposited or traded in the public marketplace that the company has reasons to be actively trying to recover (around 20 million shares) and return it to the Company for use in growth initiatives.
With the rapid expansion we are undertaking, we are using stock as a means to raise the funds or borrow funds to complete deals. I will not hold our growth or our brands hostage if we need capital to facilitate our aggressive growth over the coming months and years.
Right now, we are looking at over 100,000 hours of sampling in 2013, with the new, yet to be announced, retail partners. This is requiring a huge increase in investment costs in every facet of our business.
In closing, if you have a great deal of apprehension in being invested with a rapidly growing company such as BeBevCo which has increasing financial requirements because of its success in penetrating markets and building our revenue base, maybe you should not be invested with us. Everyone has their own risk parameters and time horizons. I, for one, know how well we are doing and see the opportunity that developing before us. As the saying goes, “Strike when the iron is hot”. And we intend to strike.
My job as CEO of this Company is to grow this business. If I take care of my job, and I will, the stock price will take care of itself.
Although nothing can be considered a direct parallel, I wonder how many people were apprehensive when MONSTER Energy was trading at $0.50 and decided against that investment in their portfolio— now it’s up in the $80 range.
Sincerely,
Brian Weber
"Never Laugh At Live Dragons"
