I just looked at the financials and found about 5 million dollars in total debts. If you divide that debt by .28, it would take 17.8 million GBVS to pay that off. I would assume the 2 million dollars in cash will go to executives as compensation expense.
That still leaves 42 million shares + the drinks XSBV owns, therefore I still believe that the XSBV shares should easily be worth .26 per share or more. The statement is....
XStream Beverage Chairman & CEO Ted Farnsworth said that the sale of its subsidiary will enable XStream Beverage to reduce its debt and further enhance shareholder value.
"Once our debt is satisfied, we intend on exploring various options on how we might benefit our shareholders," said Farnsworth. "This could include possible distributions and dividends."
I'd like to know the timetable for these distributions and dividends, because the company will continue to incur filing expenses and other expenses, and it's only source of income will be possible appreciation of GBVS shares. I will address that in my next post!
News 
Market Data 
Discover 
