Respect, for lack of a better word, is something very few CEO’s get who are the heads of OTC listed companies, especially those penny stocks which trade on the pinksheets. One CEO which earned a ton more respect after last night’s shareholder update, is Brain Weber, President and CEO of BeBevCo, aka Bebida Beverage Company (PINK: BBDA). Commenting on operational updates and why the shares of BBDA stock have gone flat since declining from its ten-bagger run, an alert which we issued in early June, a tone which could only be taken the hit movie “Goodfellas”, comments from the CEO came across as “STFU – If you don’t like it, leave.” RESPECT!
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BBDA Stock Quote
Market Cap: 3.81M
Last: 0.0045 ▼ -0.0002 (-4.26%)
Dollar Volume: $59,464
Issued and Outstanding: 2,300,000,000
14-Day Rel Strength: 44.26%
14-Day Stochastic: 8.33%
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Brian Weber’s update was much different from that at the start of 2013 when he stated that “back from a short vacation and our engines are revving and we are ready to start 2013 with a bang.” Tuesday night’s comment towards what is obviously directed to the whinny emails being received about the performance of BBDA stock since it nearly broke .02 last summer was absolutely priceless.
With the rapid expansion we are undertaking, we are using stock as a means to raise the funds or borrow funds to complete deals. I will not hold our growth or our brands hostage if we need capital to facilitate our aggressive growth over the coming months and years.
Right now, we are looking at over 100,000 hours of sampling in 2013, with the new, yet to be announced, retail partners. This is requiring a huge increase in investment costs in every facet of our business.
In closing, if you have a great deal of apprehension in being invested with a rapidly growing company such as BeBevCo which has increasing financial requirements because of its success in penetrating markets and building our revenue base, maybe you should not be invested with us. Everyone has their own risk parameters and time horizons. I, for one, know how well we are doing and see the opportunity that developing before us. As the saying goes, “Strike when the iron is hot”. And we intend to strike.
My job as CEO of this Company is to grow this business. If I take care of my job, and I will, the stock price will take care of itself.
Classic in every sense of the word.
If investors in BBDA stock, similar to those who were in MusclePharm Copr. (MSLP) prior to their reverse stock split, can’t take on the fact that BeBevCo has expanded beyond anyone’s imagination in the last 12 months, they should sell and complain later of what might have been had they had patience and been investors, not flippers.
Brian was able to land J-Lo in a worldwide music video while these traders complaining about the share performance of BBDA stock are banging away in locked rooms at J-Lo pictures. Wake up peeps and recognize the dude is doing his job better than any of you pavement pounders at getting the Company’s products shelf space and distribution into the highest disposable income areas in the economically depressed U.S.
Just imagine if expansion into Europe and Asia actually happens — you’ll be biting your tongues wishing you loaded up on BBDA stock when it was semi-dormant at under .01.
In the last 3 months alone, BeBevCo has managed to:
• Arrive in Minnesota
• Prepare for Distribution in Central Florida
• Partnered with Tyler Sales Company
• Joined FAS Lane Racing; Terry Labonte For Daytona 500
• Joined Jennifer Jo Cobb For Battle At Daytona
• Set For Distribution In The Dominican Republic
• Completed A Deal with Piggly Wiggly Carolina
• Partnered With Atlantic Dominion Distributors For Mid-Atlantic Delivery
• Partnered with Foxtail Solutions to Introduce Delaware to the Relaxation Revolution
• Attended The Value Merchandise Show in NYC January 19-21, 2013
• Partnered With Arkansas Based Petromark
• Renewed Contract with Chris Lafferty’s Motorsports TV
• Partnered with F & A-B Sales in Michigan for Distribution of up to 2,000 more Stores
• Partnered with MAR Company Distributors, LLC to Cover South Florida Market Including Dade, Broward and Palm Beach Counties
The results are imminent and traders looking at BBDA stock should respect the growth BeBevCo showed for the three months ended December 30, 2012: revenues of $1.48 million; gross profit of $976K; and net income of $491K.
About BBDA Stock
Bebida Beverage Company develops, manufactures, and markets functional drinks and bottle water such as Koma Unwind relaxation drink and shots, and Relax 5 shots in the U.S.
Click here to view the financial filings for BBDA at OTCMarkets.
Click here to view the website for BeBevCo.
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Bottom Line: The message came across clear on Tuesday’s shareholder update: If you’re not in it to win it like I am, maybe you should seek another avenue to pursue your dreams. BBDA was an explosive penny stock for much of the early portion of 2012 before blasting off to more than 1000% gains in June off a Wal-Mart deal. At present, BBDA stock is the forgotten memory of what could happen when you invest in the next Monster Beverage Corp. (MNST) while its still a penny stock.
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