Don Bauder is a staff business writer for the San Diego Union Tribune, and he has kept tabs on SBAM and their, shall we say, unorthodox method of investor relations. You might be able to track down some of his archived articles at www.uniontrib.com.
Apparently Steven Zubkis (market maker of SBAM) reads these posts; the last post resulted in an unsolicited message left on my home answering machine, asking me to phone him back to "straighten out a few things about Stella Bella." I did not respond, figuring that there wasn't much he could tell me after the stock had dropped from $2 to 50 cents. Be advised that I have had this stock for over two years and I have NEVER received a quarterly statement, an invitation to a shareholders' meeting, press releases of any kind, or any communication whatsoever. If you're reading this, Steven, those are the reasons I did not return your phone call.
To be fair, SBAM seems to be aggressively TRYING to break out into the mainstream. They supposedly had an agreement with supermarket chain Ralph's to distribute Stella Bella coffee, but I shop at Ralph's and haven't seen a single coffee bean with SBAM's mark. SBAM now claims to have developed a vitamin-C-enriched coffee, which I have neither searched for nor seen yet. They also tried to take over Summit restaurants and found themselves in litigation... again. There are several lawsuits against SBAM, and SBAM is the plaintiff in several, according to Don Bauder.
Bauder quotes Zubkis as saying that SBAM will be a $300 (yes, three-hundred dollar) stock by 1998; I say, "Not without a 1000-for-one reverse split."
You can contact Steven Zubkis at (619)292-3380.
Good luck, and let me know if you learn anyhing new.
RS |
