Bebida Beverage Company (BBDA)

[gumbie05]

These statements are "partially" true in that the "value" might be what he claims as well as the part of "for every"...what he omitted is that in order for you (i.e. BBDA shareholder) to "own" any part of the new Co. you have to first "BUY" into it. The proportion of the "discounted" shares available for you to "BUY" will coincide with how many shares you currently own in BBDA. These deal structures are not uncommon (in the penny world)....since BBDA never owned the KU Brand (more like distributed it only) the New Co will simply "allow" the BBDA shareholders to buy into it at an initial discount. Keep in mind that if BBDA shareholders were simply allow to "exchange" their shares, on a one for one basis, with a NEW Co that would be listed and fully reporting the SEC would require an audit of BBDA which by now most of you know would be virtually impossible! Ask ANY auditor, SEC atty, B/D, small investment banker, or others involved in these small deals and they will confirm that there is NO WAY possible to roll over BBDA shareholders (on a one for one basis) into a NewCo that will be listed and fully reporting without sparking off an audit of BBDA. BW knows this and his only "redemption" with BBDA shareholders is sort of "giving" you an "opportunity to buy" into the NewCo at a discount. You may not think this is fair but that's the deal that's on the table......