That's a way to generate interest. Everyone loves a share buyback but how can it happen when they don't even have enough money to continue production? I think Power Brands get paid first and then what's left goes to production. I'm sure PB is getting fat off this deal but that's it. That's why so many of their products never get out of California. They sell the dream, take the money and if it fails them it's not their fault. They have 500 drinks under management and we have only heard of maybe 5? Lots of blame to go around I'm sure but to me it looks like mismanagement of funds and also a heavy debt load.
You're on the scent fintman. This buy back of shares is nonsense. This Vanis guy is a better make-up artist than a company manager. I attached a link that explains this and will give "investors" better perspective of Vanis' 8-k statements.
Last 8-k statement, Vanis pontificated about adding shareholder value while he was diluting the common shares to almost maximum. It was double-talk, right out of the gov't playbook.
In this 8-k statement, the balance sheet is worse, the company has less cash, and Vanis now claims he's buying back shares that he diluted last quarter.
Okay,... How's he going to pay for those shares?
And why didn't he just release news after the fact? This 8-k looks like a political campaign platform, not forward looking statements.
Guys... This buyback scheme is a scam and it is rampant. Read up boys...
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