Free coffee, huh? Hope it's worth at least one share of the company.
Check the financials carefully, and disregard statements like "we hope to increase sales to 45 billion in two years." Look at book value, current assets vs liabilities, and for the NAMES of their business partners. SBAM recently got into cahoots with a supplier, but for some reason, refuses to divulge the partner's name.
As I understand it, Z3 is the holding company and marketing arm of Stella Bella. It's probably no coincidence that the principle flogger is a guy named Steven Zubkis and Z3 is also under his auspices. If I knew the Ukrainian language I could make a guess as to what Z3 stood for. Perhaps it's his third attempt at business.
There are many folks who won't touch a bulletin board stock with any money they hope to see again; there's a reason SBAM is unlisted, and I'll bet it's because they can't meet the minimum capital assets required. The stock looks like it's being manipulated, and Monday's Investor's Business Daily carried yet another lengthy press release from SBAM in the advertising section.
I received an e-mail message last week from someone who reads this thread saying that he'd heard rumors that SBAM is involved with organized crime. Maybe, maybe not. I certainly won't endorse that claim without some proof.
If you believe whatever is in that investor's package, and if you really think they can show some earnings, then go for it. I tried it once when the stock was depressed at $2, and I've ridden it all the way down to its present level. I've said it before and I'll say it again; once they get your money, YOU WILL NOT HEAR FROM THEM. No press releases, no earnings reports, no annual meetings, no voting for board members, no Christmas cards, no feedback whatsoever. SBAM might be legitimate, but I challenge anyone to name me a successful company that treats its stockholders this way.
Caveat Investor!
RS |
