Strategic Stocks To Watch BEBIDA BEVERAGE COMPANY (OTC: BBDA)
Up 18.18% on Monday
BeBevCo (Bebida Beverage Company) develops, manufactures and markets beverages including Koma Unwind “Chillaxation Drink™,” Koma Unwind Sugar-free “Chillaxation Drink™,” and Koma Unwind “Chillaxation Shot™” as well as Potencia Energy Drink, Potencia “BLAST” energy shot and Piranha Water.
BBDA News:
January 5 – BeBevCo (BBDA) Buys Out Redwood Management Convertible Debenture
01-10-12 Strategic Stocks To Watch BEBIDA BEVERAGE COMPANY (OTC: BBDA)
Bebida Beverage Company (OTC: BBDA) (BeBevCo) a developer, manufacturer and marketer of relaxation and energy drinks announced today that it has reached an agreement with Redwood Management LLC to retire convertible debt that had been purchased by Redwood from Y A Global (Yorkville Advisors). This transaction is the final chapter in eliminating the old convertible note.
This debt had plagued Bebida Beverage Co. since the company changed CEO’s in 2009. Over six years old, the debt was re-negotiated by CEO Brian Weber in 2009 from $408,000 to $250,000 and is now reduced to zero. This is the second pre-2009 Convertible Debenture that BebevCo’s current CEO and team has eliminated during 2011.
“This is a quantum moment for our Company. We have weathered this storm of dilution to pay off old debts with a lump sum cash payment,” said Brian Weber , CEO of BeBevCo.
“Our stock will no longer be at the mercy of the issuance and sales of millions of shares by debt holders. This is a clear message to shareholders that any new share issuances for capitalization benefit the Company and go toward our Brands and growth of the Company only.
“2012 will be a huge year for us and our shareholders. Between all the deals we have completed in North and Central America and now with the expansion to Europe we are on the cusp of a huge growth spurt that will continue into the foreseeable future,” Weber went on to say.
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