Petition the SEC?

Dear Forum,
Myself and many others (of course) are locked into a dilution and money hiding scam called
Bebida Beverage Co. (PL) (BBDA). The CEO releases only non audited financials that are a joke. Is there any way to petition the SEC to look into the financials, and can they do anything?

You should call the SEC office nearest BBDA headquarters.

Then get everyone to go to this page (link below) and do all 3 of the suggested items there.

http://www.sec.gov/complaint/select.shtml

But one thing to keep in mind, dilution is legal IF the company needs money to stay in business and is using the money for proper business operations. This may include the CEO's salary. Pink sheet stocks are not required to make many of the same disclosures as SEC filers (OTCQB, Nasdaq, NYSE).

The illegal aspect is if the CEO or other insiders are using a third party entity to hide 'convertible debt notes' or equity for services (that are never performed) only to dump them on the market. This can be extremely hard to prove and sometimes takes the SEC years to dig through. Also keep in mind the SEC is watching marijuana stocks and chasing down the old AwesomePennyStocks.com promoters. They are quite busy, so once you get someone on the phone willing to talk to you a few times, be persistent, but not a pest. I know its frustrating and you wanted answers yesterday, but some patience will be needed.

Lesson to be learned here: Penny Stocks SUCK! CEO's lie, products don't exist, and they have no money! They trade for pennies or less, because they have nothing! 'Investing' in penny stocks is a suckers game. Learning to trade the charts and stop listening to all the drama will increase your ability to actually profit off the runners, getting out before the dump.

I hope you are successful determining if BBDA is real or a scam. Good Luck.

One of the things that everyone should realize is that the markets are manipulated. You have to understand that and watch for the telltale signs to avoid getting burned. Penny stocks are manipulated ten times as badly as other stocks. Maybe more. The classical example is the pump and dump where people advertise like crazy and start driving the stock price up. Then the amateurs pile in and drive it up more. The pros then dump hard, and the price plummets. The individual investor gets screwed. Think Wolf of Wall Street.

The solution is to either stay away from penny stocks or else just trade them with the pump, and get out before the dump. Otherwise you're screwed. Penny stocks have no place in an investing portfolio.

John

P.S. It occurred to me that some of you might need an example of market manipulation. Start with all of the pinning of stocks on option expiration day. There's no accident there. But as a specific example, after AAPL earnings in May, there was the initial spike, and then the stock was flat until May 16. Then it took off on May 19. Why that day? hmmm. Because the "powers that be" wanted to keep AAPL below 600 until after May monthly options expired. Then it was free to go up. If it had gone up earlier, all those with May 600 short calls would have lost money.