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Family health issues keeping me much busier than usual. Haven't been on the boards as such. But I assure you my spirit towards BBRW just continues to grow. Just having to scrape money elsewhere now as bills are skyrocketing. Even sold a receiver on Ebay yesterday and as soon as I get paid, that spare $200 goes right into BBRW!
Yes, I agree, this is my favorite of the two BrewBilt stocks now. Early in the year, it looked like BRBL was quickly settling toxic debt and would have profits from the tap room. But that didn't happen. And since BBRW now has a much better share structure, with steady share accumulation, maybe they'll be first out of the gate.
What's interesting is how the company has made it clear in the filings that conversions will really grow the OS (maybe 2 billion shares) , yet folks are still buying. I don't know other folk's reasons for buying, but I'm steadily accumulating because they've suggested they could pay off all of the convertible notes this year. Plus, there's a steady stream of conversions from preferred shareholders who are getting common shares.
I'm thinking big, bad, behemoth beverage equipment manufacturing company someday and just maybe when it runs, it would definitely be unique to have a runner that didn't have any convertible debt! Since conversions are going to take a while to get through, along with tax-loss selling season, I am more than content to slowly accumulate shares at this level.
But can you imagine the day, maybe 1st quarter if/when the company announces they have cleared all of their convertible debt, while continuing to grow their sales, this could become a genuine beast play. No way to know for sure on these lotto plays but I'm taking a bigger gamble, loading a few more shares each month!
Better than lots of Ask kissing!
From BBRW's August 30, 2023 press release, right at the very top, it shows...
"-Projected Revenue for Europe for 2024-2025 is $30M-"
Those are crazy huge numbers. I'm wondering if a big, established brewery is about to open up their market in Europe. Here's the link for anyone who missed the PR.
https://www.globenewswire.com/en/news-release/2023/08/30/2734247/0/en/BrewBilt-Manufacturing-Moves-Into-the-117B-Europe-Global-Market.html
And even if those numbers are overly optimistic, as all businesses seem to exaggerate a little, this paragraph from the August 15th press release is very encouraging as well...
"Jef Lewis, Chairman & CEO, stated, “Brewbilt is strong and resilient. Although we have over $1M in orders under production and future orders totaling approximately $1.8M, the brewery industry, in general, is waiting for interest rates to drop. We have decreased our need for investment funding in the 3rd quarter, and we are focused on eliminating all of the convertible notes on our balance sheet by 12/31/2023.”
https://www.globenewswire.com/en/news-release/2023/08/15/2725467/0/en/BrewBilt-Announces-Positive-Second-Quarter-Financials-and-Growth.html
It's starting to look that way. After many, many years of the most egregious dilution and reverse splits that I can remember, finally, years later, BBRW has stated in their most recent quarterly filing that they have been paying off some convertible notes, reducing debt in general, showing a huge increase in revenue compared to the quarter of the previous year, and wouldn't you know it, after all the suffering from many investors, the share structure ends up being remarkably low for a trip zero stock (703 million outstanding shares), compared to most OTC trip stocks that have an OS in the billions.
There's always been two forces at play here - the first is the ridiculous amount of dilution and reverse splits over many years, and the second is the phenomenal equipment they manufacture along with the incredible brand recognition they have achieved at the same time. So if the dilution and reverse splits become a thing of the past because of growing revenues and profits going forward, like they're starting to show, they stand a chance of becoming a very successful and profitable business and that's what brings the big investors in. Looking ripe for a late season run!
Just my opinion; not investment advice.
That BrewBilt Mobile Flow Meter could be one of those game-changer kind of products here. Compared to the stainless pipes you see on most tanks, this little beast looks like a quick and easy solution for transferring liquids more rapidly, which expedites the entire beer-making process, that adapts to existing brewery equipment, allowing a brewery to make more beer in the same amount of time.
https://www.brewbilt.com/accessories
Imagine if it saved a brewery 30 minutes per day. Over the course of 30 days that's 15 hours of extra brewing time. That's a lot of extra brewing time which could translate into a lot more beer and a lot more revenue. It's not often that a new product can become a huge hit, flying off the shelves, but just maybe this could become one of them. Why wouldn't any brewery not want at least one of these units for their operation. And why wouldn't a huge brewery not want several of them, at least!
And why the heck would they even mention Sierra Nevada Brewing Company's name in their news release this week? First I have to wonder why they would sell this kind of product to a large competitor anyway as it would add competition to the brewing side of the BrewBilt business. Something must be up, like maybe revenues for this year and beyond.
https://www.globenewswire.com/news-release/2023/08/30/2734247/0/en/BrewBilt-Manufacturing-Moves-Into-the-117B-Europe-Global-Market.html
And why is still shown as sold out?
https://www.brewbilt.com/store/mobile-flow-meter
Are they selling them as fast as they can make them? Has a big brewery placed a large order that needs to be filled? At $3,000 a pop at the current price listed, maybe BBRW is onto something big. Shares certainly are starting to get accumulated in the past month. Just food for thought.
Bids increasing too......
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