In an SEC filing about a May shareholders’ meeting, NBEV stated it would seek to ”…increase in the total number of shares of authorized common stock to 200,000,000 shares from 100,000,000 shares.” (There are currently 75,392,742 shares of common stock outstanding.) An extremely dilutive act like that could easily knock the price per share.
For more details, take a look at NBEV’s SEC statement.
Scroll down to see more of my posts.
Disclaimer: All material in this blog and its pages is provided for informational purposes only and does not constitute financial advice. The administrator, members and posters do not accept liability for your use of the posts, comments, pages or any other content of this blog, which is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind.