Bebida Beverage Co. (OTCMKTS:BBDA) Skyrockets After Major News
Exactly 40% were added to the price per share of Bebida Beverage Co. (OTCMKTS:BBDA) during yesterday’s session. This comes hot on the heels of another great run on Wednesday when they finished with a 48% gain. Currently the ticker is sitting at $0.0056 doubling the price they had just 3 days ago. Investors rushed in to the stock in even greater numbers yesterday which resulted in more than 100 million shares changing owners.
BioMatrix Scientific Group (OTCMKTS:BMSN) also enjoyed a tremendously positive day that resulted in a 38% gains as you can read in our article. This however cannot be said for Norstra Energy, Inc (OTCBB:NORX) who are headed for the bottom exactly as we warned you.
Bebida are manufacturers of liquid relaxation products with their flagship product being KOMA Unwind “Liquid Relaxation”. This is an interesting twist on the market of soft drinks. Insted of aiming for the overcrowded and overhyped energy drinks market BBDA seem to have chosen the exact opposite. They offer a product that will help you relax and recuperate after a hard day instead of pumping you with coffeine.
Since the start of the year the company has been focused on expanding their product brand and has steadily been adding new retail locations. But the last two announcement really shot their stock through the roof. First came the news about BBDA‘s financial results for the first quarter and naturally we decided to verify them ourselves:
- $212 thousand cash
- $928 thousand total assets
- $167 thousand total liabilities
- $1.5 million revenues
- $500 thousand net income
We must admit that such numbers are quite impressive. Nevertheless BBDA remain a pinksheet company which means that they are not required to post any information that they don’t want to. Another point of concern is that the number of issued common stocks is getting alarmingly close to 2.5 billion authorized common shares.
Even more impressive though was the news that came out less than 24 hours ago. BBDA alongside its CEO Brian Weber and Mr. Ahmed Elafifi have incorporated BeBevCo Euro Asia in the country of Poland in order to bring their products to the European, African and Asian markets. What makes this such an important event is the resume of Mr. Ahmed Elafifi. He was Regional President of Red Bull Eastern Europe, Egypt and Asia for 6 years and currently is the General Director of Coca-Cola HBC Polska (Poland).
The enthusiasm sparked by this may lift the ticker even higher in the next couple of trading days. That shouldn’t stop you from doing your due diligence in the slightest though as stocks at these price levels are inherently volatile and susceptible to sharp corrections.
