Replies to post #166112 on Bebida Beverage Company (BBDA)

[SammyTheBull]

A few weeks ago he said they would be doing an audit. And audits can be done much cheaper than $50,000, especially for a non-reporting pink sheet.

http://bebevco.com/message-from-the-ceo-23-august-2012/

[zake]

Sounds like companies that do not like the audit process is hiding something. With all the good that comes out of it I can't see why it isn't being done. That's a red flag for someone like me.

[ulfahl]

He's walking a tight rope on credibility w/o the audit but I understand he wants to buyback a cheaper price.
Interesting buyback plan to use a consortium type, 30 to 40 participants.
I would spend the 50k and get audited and let the new potential partners chip in but he wants to keep it close to his chest so to speak.

[Whiplash_Investor]

I will agree that audited fins will help shareholders, which are points 1 to 3 in your post. On point 4, Walmart is one of the toughest to get into. I doubt it will be an issue with the other chains as long as the company can show they can handle the business - fill orders completely and on time with reasonable quality.

Keep in mind that helping shareholders is a long term proposition here, not in next 90 days or even a year necessarily. To him, using $50K each year to help with buyback is more productive than paying for audits. Keep in mind that doing audits and raising PPS as a result only makes PPS run higher and buybacks slower and more expensive. That doesn't help the company, just shareholders, since company has an LOC now and needs no funding from equity. Share price is unimportant until a move to NASDAQ is considered.

[jay1988]

He stated he would do that when he is ready for the buyback