Bebida Beverage Company (BBDA)

[elbiatcho1]

Am I missing something?

Yes, and a lot.

Company is currently (and throughout the year) undercutting distributors by offering $24/20 cans (or cheaper) online w/free shipping.

Not audited and the company apparently no longer has an in-house auditor. CEO stated no use for an auditor if BBDA is to be no more. CEO publically stated that he will run BBDA into the ground and simply create a new ticker in the NYSE (without any audits?).

"Current shareholders will be given a discount to market offering on our NYSE Company and then the OTC BBDA Company will be dissolved by me and gone forever. It will not become another company nor have some type name change. It will be gone."

In the last financials there is JSJ Financing which I believe that is death spiral financing. BBDA was previously part of YA Global death spiral and that resulted in a lawsuit from YA Global and a R/S.

Sales are obviously not good enough. CEO/management claimed to be in 90%-100% of Walmarts by years end and the product is likely under 5% coverage (minus any Walmarts they are no longer in now). CEO also claimed that because of great sales, it would remove the need to dilute... but obviously that is not the case.

Company attempted to promote stock ticker by giving out product in NYC yet there was no product in NYC stores at the time. They wore the stock ticker on their shirts and there was a big fat stock ticker on a truck!

PPS accurately reflects the status of the company. CEO enjoys exaggerating A LOT ("$5B company in 10 years"). This is only a little bit of the many problems with the company.

You may have more luck if you are part of the insider group:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95149505

Oh, and the CEO wants to be in the ice cream business now.