Replies to post #155466 on Bebida Beverage Company (BBDA)

[unspokenvoice]

Regardless of character, sometimes there are circumstances outside of one's control...

Ergo, I'm not getting caught up in any potential buy back.

If the money could be better spent increasing inventory to satisfy order projections or fortifying distribution channels, so be it...

I'm more interested in the company doing what is best to ensure its continued growth rather than wasting resources on fulfilling what might have been a naive promise

I would think all longs would agree

;-)

[OlafKjelldsen]

As i said, BW not to blame for early buyback rumors. He said by year end (or first of year) was when he intended on doing so.

You're right, though I'd say people taking his typically inaccurate numbers as fact is probably responsible for it.

But in the interest of accuracy, this is what BW said:

"as the receivables increase we will start a systematic share buyback as the months go on," added Brian Weber.

The only problem is that he said it in January of 2010.

http://ih.advfn.com/p.php?pid=nmona&article=41167813

January 2010 until the end of 2012 is not "as the months go on", it's almost 3 years and there was a 1000:1 reverse split thrown in for good measure "as the months go on", 9 months later in October of 2010.

And yes, one can say that they'll believe it when they see it, but BW has been straight up about everything until now.

Not really. I have dozens of examples which are not my opinions. Here's one from the same PR:

BeBevCo has announced today that after recent meetings with current and future distributors of BeBevCo's newest product KOMA UNWIND "Chillaxation Drink (TM), as well as our accounting and banking partners, the decision has been made to set the share cap at 9.5 billion shares. This cap will accomplish several things at once. It will tell the shareholders that we stand behind our investors not to have an unlimited share mentality as being a cash printing press. It also sends a clear signal to our distribution partners, sales and marketing team, and consumers that we mean business when we say we want to be bar setters in this new category in the beverage world and expect sales in the tens of millions in 2010-2011.

It seems they fell a little short of Brian Weber's projection about "sales in the tens of millions in 2010-2011", but it was only a projection, much like the more recent projections he's made about future sales numbers. Still, it's only a projection, not a promise, so he gets a pass.

However he also said "the decision has been made to set the share cap at 9.5 billion shares". I find that very interesting, since the massive dilution that jacked up the share count to nearly the equivalent of trillion by late 2011 was blamed on debt reduction about which he was fully aware in January of 2010. If he already knew he was going to need the equivalent of hundreds of billions more shares to pay off that debt, why would he tell people he was capping the shares at 9.5 billion? And if the extra shares were issued for capital needs of the company concurrent to share issuance for debt reduction, why then was the equivalent of much more than a trillion shares quickly issued as soon as the debt was paid off, more than doubling the already insanely bloated share structure in just a few months?

It seems that Brian Weber has been anything but 'straight up' about things, so far. And this is only one example out of dozens that can easily be shown using nothing more than the company's own statements. Here's another:

http://ih.advfn.com/p.php?pid=nmona&article=44717452

BeBevCo (PINKSHEETS: BBDA) is set to strengthen its national distribution with the addition of a Retail pharmacy chain that has locations coast to coast. BeBevCo's lead product KOMA UNWIND Relaxation Drink and Relaxation Shots will start moving onto the shelves over the next 90 days with a full implementation by the end of January.
"With the addition of this national chain Koma Unwind relaxation drinks will be completely accessible to all Americans who suffer from sleep disorders and anxiety, or those who just want to relax away an afternoon," said Company CEO Brian Weber. "We are extremely excited that this group is becoming both a distribution partner as well as a retail channel for us. This will start the retail industry like dominos; one will fall at a time bigger and bigger as consumers get the needed sleep and rest they are looking for from KOMA UNWIND."

Specific locations and cities will be forthcoming in the following month as the strategic plans are developed.

I don't know why people are looking forward to national coverage now, because according to Brian Weber, "who has been straight up about everything until now", Koma Unwind was "fully implemented" in a National Pharmacy chain in February of 2010.