RE:RE:RE:There is to much hate on this board from a certain group!1 - The infused beverage business "just got started" 2.5 years ago. When the "established and experienced CPG and Beverage experts" projected $11,851,646 revenue for 2020 and $20,711,259 revenue for 2021. Since then the only sales have been a pallet of water to firefighters and a press release about purchase orders that haven't been filled yet.
2 - I'm not talking about issuing shares to pay debt or raise capital. I'm talking about issuing shares to over pay for property owed by insiders. The only other company I can think of on the top of my head that overpaid to acquire something from the CEO is WeWork. How did that work out?
3 - I'm saying that that price jump is an exception because management did a hardcore stock promotion and aquired a market maker in an effort to pump the price. Afterward the stonk immediately started selling off because the dumb money that FOMO'd in realized the company wasn't delivering. Company's generally really only have one chance to shoot their shot with promotion and a pump. If you look at the RYU chart it's obvious that no one took them seriously after their pump - and the rest was history. Until BEV hits 8 figure revenues it'll be considered a company where the product is a stock, the operators cant deliver, there is no good business, and shareholders won't see long term value. Just like RYU.