NYBD Holding Inc (OTCMKTS:NYBD) Muddles Sparkling Bottled Waters With Share Dilution Facebook Inc (NASDAQ:FB) Post
NYBD Holding Inc (OTCMKTS:NYBD) continues to set standards in mineral and alkali-balanced natural water bottling business segment. However, on the stock market, the company has apparently hit a new low.
At the center of much talk about this stock is a Facebook Inc (NASDAQ:FB) post which shows that the company wishes to lower its authorized shares by over 1 billion. However, the issue is being muddled by the fact that the company has not offered any public notice officially of the same. Therefore, there are no 8-K form or Press release to offer further direction on where or how the share reduction is headed.
There also appears to be much ambiguity about the total number of shares.
Amendments show 4 billion shares
NYBD Holding Inc (OTCMKTS:NYBD) as of 2014 start saw the A/S count move from 750 million to 1.5 billion by January 14. By the end of March 31, 2014, the shares stood at 2.5 billion. These numbers are as of May 15 publication and no further official announcements have been made.
But, if updates at the Florida’s Secretary of State Website, is to be noted, within 24 hours of publishing its 10-Q, the company had once again through an amendment set a change to the A/S count to 4 billion shares.
The cause of concern for investors interested in this stock, is that such monumental changes were affected without, so much as a press release or a filing in the form of a 8-K form.
The concern now is that, if the shares are down to 3 billion shares, NYBD Holding Inc (OTCMKTS:NYBD) yet has to accommodate the innumerable number of convertible notes already outstanding. Will the company have to accommodate by raising it again, will remain a poser, the company’s management will have to answer quickly!
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