Bebida Beverage Company (OTCMKTS:BBDA), a leading manufacturer, developer and marketer of energy and relaxation drinks and shots announces cutting off 75 million outstanding shares. As per the reports, Bebida has taken a strategic move to retire and recover 10% of its current outstanding and issued stock to enhance its credit position in the market.
The financial position of Bebida Beverage has become stronger lately due to improved performance in the market. Due to this fact, the company looks forward to reducing its debt as much as possible. After the successful retirement of the current lot of outstanding shares, the company has made public that it will continue to seek for such opportunities in the future as well. It will look for ideal opportunities to repurchase, renegotiate, recover, and retire additional restricted and common stock in the coming days.
Talking about the current step with reporters, Brian Weber, CEO, Bebida Beverage Company, said that it’s a big challenge to be on OTC Marketplace. Being a Micro-Cap Company, Bebida Beverage has to face a lot of issues concerning raising capital and living up to investors’ expectations. However, the company has done relatively well to get rid of all the challenges and perform well in the ongoing tough market conditions.
Weber further added that Bebida Beverage had been putting steady hard work for the last six years to ensure that it could enjoy a high level of success. Without the growing and amazing number of shareholders, Bebida Beverage could never be at this place. The recent growth made by the company is a clear evidence that Bebida Beverage is going to be one of the biggest success stories of the decade.
Those who are interested in knowing more about Bebida Beverage Company (OTCMKTS:BBDA), can browse its official website and explore the latest information in the easiest way possible.