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$TBEV Toby McBride, High Performance Beverage CEO

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Post# of 63828
Posted On: 09/14/2016 8:41:40 AM
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Posted By: Lets Roll
$TBEV Toby McBride, High Performance Beverage CEO, stated, "We are extremely grateful for the work that has been done by both Pro Prom and Girardin International Marketing and Consulting Group for the meetings set up with Walmart executives. While optimistic, we realize that with fast potential growth come many challenges that will need to be addressed. With that in mind, I would like to briefly address the Company's recent decision to increase its authorized shares. While we understand our shareholders concern, the increase is not necessarily reflective of the Company's intent to dramatically increase its outstanding shares. Rather, we felt it necessary to be proactive and prepared in the event of our decision to utilize our previously announced $5 million credit facility. Should that become necessary, it would be related to significant progress with our operations, inventory controls, distribution and sales. We would view that as a significant positive for our company. Our only other alternative would have been to do a reverse split in order to create reserve shares and that was not an option. We are hopeful that eventual royalties from sales through Pro Prom will allow us to eliminate our remaining notes, fuel growth and procure more conventional forms of financing. Taking this proactive approach is our best option to ensure our abilities to meet potential supply and demand needs. Additionally, unlike a stock split that is irreversible, we can always modify and reduce our authorized shares at a later date."

To purchase High Performance Sports Drink on Amazon Go to:

https://www.amazon.com/Performance-Punch-16-O...B014Q64HEI

https://finance.yahoo.com/news/high-performan...00561.html


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