Yesterday BBDA issued a press release styating they are done diluting the stock as they are right at their 2.5 billion limit.
The stock is sitting just off of lows and is seeing some buying interest. We could be looking at the start of a nice rally assuming the company is indeed done dumping shares into the market.
STATESVILLE, N.C., June 14, 2012 /PRNewswire via COMTEX/ -- Bebida Beverage Company (OTC markets: BBDA) (BeBevCo), a developer, manufacturer and marketer of liquid relaxation products, announced today that the Company will no longer need to raise capital in the marketplace. A significant announcement coming next week will be self-explanatory as to why the Company no longer needs capital raised via the sales of stock. In a Live Video Conference held by CEO Brian Weber on 6 March, 2012, Mr. Weber explained the capital structure and how the marketplace capitalization would end in the late spring and early summer for BeBevCo. The Company is holding at 2.4 billion shares outstanding with 2.5 billion authorized. BeBevCo is expected to see substantial growth in revenues and profits for the rest of the year and into the foreseeable future.
"I expected to end capitalization at around 2 billion shares; we went a little over due to difficult market conditions but we are now at a point that revenues and profits will fund our operations from this point forward," said BeBevCo CEO Brian Weber. "Additionally as detailed in my video conference back in March, we will begin a systematic buyback of our stock later this year or early next year which will increase the value of the stock for our shareholders. We are grateful to our loyal shareholders for staying with us through the capitalization process. Between the deals we have in the works and the growth we have achieved and expect to sustain well into the future, the stock will no longer be a necessary capitalization tool," said Weber.
BeBevCo (Bebida Beverage Company) develops, manufactures and markets liquid relaxation products including KOMA Unwind "Liquid Relaxation" (TM), KOMA Unwind Sugar-free "Liquid Relaxation" (TM) and KOMA Unwind "Liquid Relaxation" Shot(TM) as well as Potencia Energy, Potencia "BLAST" energy shot, Relax 5 shots and Piranha Water.
Safe Harbor Statement
Except for historic information contained in this release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital to execute its business plan, and effectively compete against similar companies.
Contact: (704) 660-0226 extension 5Investorrelations@bebevco.comwww.BeBevCo.com www.Relaxfive.com
SOURCE Bebida Beverage Company