Bebida Beverage Company (BBDA)

[gumbie05]

It never ceases to amaze me how the SEC allows this to go on....
1. 4.5 BILLION SHARES ("After" a RS) of which 500 Million was unleashed just in the last month!
2. Financial Statements released that would never get a passing grade in Accounting 101 at your local Community College
3. Endless claims of distribution yet no reporting status on the retention rates
4. Funds not accounted for (i.e. the missing $500K)
5. Tireless PRs about overseas deals then no follow up as to the status of those deals
6. I could go on and on...

If you or I tried raising money in a "private venture" making HALF the claims that BBDA has done and sold 10% as many shares and never had our financials audited we would have been shut down by the local law enforcements and would have been sued left and right! Maybe even face criminal prosecution! One thing is to make PR claims about product placements but once they put out those bogus financials I can't see how they can't be held legally or criminally liable? They would have been better off never releasing the financials which should be an open invitation for law suits...at the very least!!