FOR IMMEDIATE RELEASE
SHE Beverage Company Calls for Justice in the Face of SEC's $12 Million Judgement
Lancaster, CA –Friday, February 23rd, 2023, SHE Beverage Company, a pioneering Black, Woman, and LGBTQ-owned business, has come forward to expose the untold story behind the Securities and Exchange Commission's (SEC) recent judgment.
On February 15th, the SEC publicly announced a $12 million judgment against SHE Beverage Company, but what they failed to disclose is the unscrupulous conduct and deceitful narrative underlying their operation choke point actions. A viral company video has recently brought to light the true value of SHE Beverage Company's business assets, challenging the SEC’s claims.
"In the dynamic world of pop culture and the ever-fluctuating stock market, She Beverage Company had emerged as a visionary enterprise, crafting its assets with meticulous attention to the trends that have historically led to the most lucrative Initial Public Offerings (IPOs). The company, under the astute leadership of Lupe Rose, conducted extensive research to identify the most profitable IPOs, thereby shaping its subsidiaries with a clear objective: to safeguard its shareholders against the perils of a lackluster IPO and the inherent volatility of the stock market. Lupe Rose's strategic acumen in building the company's assets was nothing short of genius, effectively mitigating the risks of stock failures.
The company's asset portfolio was both diverse and forward-thinking, including a Dating App tailored to the modern digital era, a Women's Professional Football League that champions gender equality in sports, a Cannabis Company, and a Cannabis-related wellness venture that synergizes with the progressive laws of California. Moreover, the company's rapid expansion into six states to construct sports arenas dedicated to women's football would have been a testament to its commitment to fostering female athleticism.
Additionally, the establishment of a Women's Sports and Entertainment streaming network and film studios with dedicated sports desks propelled the narrative of women in sports and entertainment to the forefront, contributing to the broader movement of elevating women's representation in these arenas. Through such strategic asset acquisitions and creations, She Beverage Company stood as a paragon of innovation, safeguarding its financial interests while propelling the cultural zeitgeist forward."
SHE Beverage Company alleges that the SEC's investigation was a racially and discriminatorily motivated witch-hunt, aimed at discrediting and bringing down a minority-owned business on the brink of a historic stock exchange success. Prior to the SEC's intervention, the company was valued at over $250 million and was in advanced discussions with Morgan Stanley and NASDAQ for a promising IPO.
The CEO of SHE Beverage Company, Rose, has been an epitome of resilience, having faced defamation, criticism, and financial constraints due to the SEC's unethical practices. Rose's efforts to build a beverage conglomerate were met with opposition from government entities that sought to sabotage the company's growth. The SEC's allegations of fraud and misconduct are vehemently denied by the company, which maintains that it can prove otherwise.
The company spokesperson stated, "Rose fought the good fight. She endured defamation, criticism, opposition, slander, libel, and unfortunately, ran out of capital to sustain her fight." The spokesperson further clarified that the SEC's representation of the company's financials was misleading, omitting a decade's worth of legitimate business expenditures, including payroll, utilities, leases, equipment, inventory, and about 95% of other costs associated with company subsidiaries, and costs associated with preparing for an IPO.
Moreover, Rose was lied to and misled by Stephen Kam of the SEC into settling the case through bifurcation, under the false assurance of being able to demonstrate her innocence. However, the final court hearing resulted in a $700,000 fine against Rose for merely speaking out against the allegations.
The SEC's narrative that Rose misused shareholder funds for personal luxuries is strongly contested by SHE Beverage Company. The company insists that all expenses, including travel, were for legitimate business purposes related to the company's expansion.
SHE Beverage Company is determined to correct the narrative and is preparing to release a series of videos to substantiate Rose's innocence and highlight the SEC's abusive tactics. The company is committed to seeking justice, hoping to gain the attention of the Supreme Court to address the tort slander and defamation endured by Rose at the hands of the SEC.
About SHE Beverage Company
SHE Beverage Company is a Black-owned, Woman-owned, LGBTQ-owned business, pioneering in the beverage industry with a commitment to diversity and innovation.
For further information or to arrange an interview, please contact:
M. SMITH
Media Relations
SHE Beverage Company
SHE Beverage Company was a thriving business based in Lancaster, California, poised on the precipice of revolutionary growth before its initial public offering (IPO) was maliciously derailed by corruption and racial bias within the Securities and Exchange Commission (SEC). The company had established a robust product portfolio centered on women's health, including a line of beers, Sip Water, and a unique water beverage called Supplement H20 with formulations for men, women, and children. SHE Beverage was expanding into new markets with a wine line, tequila flavors, and a comprehensive supplement line. In a groundbreaking move, the company was creating the first Women's Professional Football League that intended to pay its female athletes, positioning SHE Beverage to revolutionize the role of women in finance and professional sports.
To support its IPO, the company made strategic acquisitions and built subsidiaries, positioning itself for conglomerate status. However, the SEC made a global announcement that SHE Beverage's founder, Lupe Rose, and other executives were under investigation, halting the company's momentum. The SEC alleged that Rose had misused company funds for personal gain. These allegations were FALSE and part of a broader campaign of deceit by the SEC. Despite having over 90,000 photos documenting business activities and a professional PCAOB Audit, the SEC removed records of legitimate company expenses for over 10 years, including rent, utilities, payroll, travel, formulations, marketing, and R&D costs, company vehicles, and so much more, to substantiate their claims. This manipulation has caused significant harm to SHE Beverage and its shareholders.
The true extent of the SEC's collusion with the Department of Justice remains unclear, but the actions taken against SHE Beverage suggest a disturbing level of government overreach and abuse of power. Lupe Rose and the subsequent media frenzy were merely a distraction. We have reason to believe the SEC was racially motivated and did not want SHE Beverage's majority African American investors, over 60% of shareholders, to benefit financially from the company's progress. The company and its shareholders are seeking justice for the damage inflicted by the SEC's deception and corruption.
WAKE UP!!!!!
THE GOVERNMENT CALLED SHE BEVERAGE COMPANY AND ALL THEIR SUBSIDIARIES SHELL CORPORATIONS
The DOJ's press release is a shocking indictment of blatant government corruption. They accuse the beverage company and its subsidiaries of being shell companies, alleging that Rose misused the vast majority of $13 million for personal gain. This is a clear case of government agencies colluding to destroy a business and defame its leadership. Look at the facts: this company has been growing and operating successfully since 2009, launching new subsidiaries and making acquisitions.
Yet the DOJ and SEC have selectively removed legitimate business expenses from their calculations, distorting the financial picture to support their false claims. They've cynically reclassified lease payments, utilities, R&D costs, travel expenses, formulations, recipes, trademarks, domains, websites, charity, promotions, marketing, licensing, subsidiary expenditures, advertising, sub- contractors, construction cost, executive compensation, and even company cars as personal expenditures. This is outrageous. We demand a jury trial to expose this collusion, racism, and defamation. We will fight tirelessly to hold these corrupt government agencies accountable and seek justice for the company and its stakeholders.
SEC Faces $253 Million Class Action Lawsuit for Alleged Corruption and Bias Against Thriving Black, Woman, and LGBTQ-Owned Business
SHE Beverage Company, a trailblazing business owned by a Black woman and member of the LGBTQ community, is taking a stand against the Securities and Exchange Commission (SEC). Alongside the WFLA and its subsidiaries, SHE Beverage is spearheading a landmark $253 million class action lawsuit, alleging corruption, abuse of power, and manipulation that derailed its highly anticipated IPO.
The lawsuit claims the SEC unfairly targeted SHE Beverage, disrupting its IPO and causing significant financial harm. The company's valuation of $253 million reflects the staggering losses allegedly inflicted by the SEC's actions.
If you were an investor in SHE Beverage and feel you were a victim of the SEC's overreach and manipulation, you have the opportunity to join this historic legal action. By adding your name to the lawsuit, you'll be part of holding the SEC accountable for its alleged abuses and fighting for justice for SHE Beverage and its shareholders.
This case is about more than just financial losses – it's about standing up against corruption, bias, and the weaponization of power against minority-owned businesses. It's about ensuring fair access to capital markets for all companies, regardless of the race, gender, or sexual orientation of their ownership.
The outcome of this lawsuit could have far-reaching implications, setting a precedent for how regulatory bodies treat minority-owned businesses. By joining the lawsuit, you'll be part of creating a more equitable financial system for generations to come.
Don't miss your chance to be part of this transformative legal action. Sign up now to add your name to the lawsuit and help SHE Beverage hold the SEC accountable for its alleged abuses.
IF YOU FEEL THAT THE SEC ROBBED YOU AND SBC OF THE IPO SIGN UP TO BE A VOICE
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