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"We intend to repurchase, through our own cash reserves, $1.5 million of securities in the open marketplace," explained Berry. "Those securities will be retired to treasury," he added. "We want to begin the program on the 1st of September and end the program around September 15th."
Firsts they will need to provide the SEC with financials that show they have cash reserves (money from net profits that is not needed for the everyday operation of the business). Until that happens, this is just an 'intention'.
https://www.otcmarkets.com/stock/BBRW/news/story?e&id=1668891
Yadda Yadda Yadda.
"Anyone can always buy back in lower."
And that's exactly what the scam pinkies count on. The convertible debenture holders can always convert at 50% of retail. The naive and uninformed investors and traders will keep averaging down and the note holders still make 100% profits no matter how low the price goes.
That's why they call it 'death spiral financing'...because it 'kills' every single company that chooses to use it to finance their operations.
Just read the page of BBRW convertible debentures in the financials and ask your investment advisor or accountant what he/or she thinks you should do?
GLTY and JMO
"Don’t get shaken from your shares."
Actually, sometimes it's much better to get out with a small loss rather than a tombstone.
GLTY and JMO
Or not!
Unconfirmed rumor has it that they are temporarily stored in Scott Sand's garage waiting on a check from a big name buyer...
The length of time one posts made-up opinions onto a social media blog doesn't qualify a person for being an expert at anything.
Yep...a pinky without a pile of toxic debt also seems "too good to be true". Is Sum Ding Wong their accountant LOL?
Sounds almost too good to be true doesn't it.
Where will no buy back at all get it?
"they've only diluted to 250 million shares and they can continue all the way to a billion if they so choose."
Sorry Hobo but they passed a Billion shares outstanding in July. The share count is updated automatically direct from the transfer agent. They've diluted over a billion new shares in the first 6 months of this year?? Was last updated on 8/3 @ 1,205,000,000.
You can follow it here.
https://www.otcmarkets.com/stock/BBRW/security
Looks like BBRW was 'designed' to be a revolving door for toxic note holders and insider share selling.
The A/S is 10 BILLION, so they likely have a long way to go before the dilution stops.
GLTY & JMO
Can you point me to a copy of their filing for a buyback.
TIA
Sorry OC but those are all rules they have to follow after they get approval to do a buyback. First, they need to meet the financial requirements to get an SEC approval to do one. Previous discussions have all been about their ability to get that approval. I guess you missed those points?
All the CEO has done so far is announce that he 'wants to' or 'intends' to do one based on discussions with counsel.
Now OC, and his internet front load group, are pumping a 'Brewbuilt share buyback scheme' to use $1.5 million in net profits, from 2nd Q earning, to buy back stock? When was the last time you saw a pinky, loaded to the gills with toxic convertible notes, get approval from the SEC and 'actually do' a share buyback or dividend scheme LMFAO.
In the last 20 years of following penny stocks I've never seen that happen... Stay tuned.
Their O/S has jumped 1.1 Billion shares in the first 6 months of 2020.
And in October he can always say they couldn't get approval for the share buyback. Sorry bagholders.
"Company can only buyback shares with earnings."
Correct...it has to be 'net profits' (not just revenues) and in excess of what the company's normal needs are for operating expenses.
"Read the recent prs."
LOL... What a company 'wants' you to know is seldom, if ever hidden from investors. Real DD is about finding out what a company doesn't want you to know. This company is not 'investable' at this time IMO. Tradable maybe, but nothing else until they verify what they've said in their PR's.
Right now it looks more like the typical pinky revolving door for toxic note holders.
GLTY and JMO
"they are going to be using the company 2nd Q revenues to do the share buyback."
So lets see...they filed their 1st Q report on June 29 and only had $620 cash in the bank March 31 from just $39,000 in sales for all of Jan, Feb and March? The state of California has had it's bars and restaurants locked down since, any you think BBRW will have enough excess cash to get an approval to do a share buyback SOON? Usually companies don't book revenue until they deliver something and then get paid for it...excess cash from revenues just doesn't add up IMO.
Good luck with your fantasy outcome!
As of June 10, 2020, there were 244,439,824 shares of the registrant’s $0.001 par value common stock issued and outstanding.
"How about Florida?"
If they are an SEC registered corporation, the same rule applies to all states. An 8-k will also be required regarding a buyback. You cannot use shareholder capital to buy back shares without showing financials on where the excess funds are available from to meet the basic SEC requirements.
Pumpers often use it as a ploy to fool the naive and uninformed. No SEC registered company can just buy their own shares on the open market, whenever they wish, and use corporate funds without first filing for approval.
A Nevada domiciled Corporation cannot do a share buyback (using existing shareholder assets to buy back shares) without first filing a corporate action request with the Nevada State SOS for approval? Buybacks have to follow the same state approval requirements as dividends do LOL.
Until you see a filing from BBRW listed with the NV SOS, you will not see a buyback.
Did you record the CEO's telephone statement to you?
GLTA
I think you forgot the quotation marks?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155531213
SIML lacks 'verification' for any of their statements over the last 18 months...market cap is down to $ 287.47k. Market doesn't think this POS is worth much and is overpriced at .0001...Candidate for a trading suspension?
It is not against the law to fail at business. Neah Power failed at business and no longer exists. Any attorney with half a brain will simply laugh at the idea of taking legal action against Neah to try to prove 'intent to defraud' LOL.
GLTY & JMO
But aren't 'made-up' opinions posted on an investment blog regarding the business potential of an SEC registered company like SIML the same thing as LIES?? Can't people be held accountable for Lying?
Everything posted in the IHUB 'intro' must have proven to be factual or it wouldn't still be up there after all this time...right?
"there is a sucker born every minute" - P.T. Barnum
"Have you actually looked at their recent deals and investment capital they've taken on?"
Buyers of the type of toxic converible debentures that SIML is offering are not 'INVESTORS' or 'commercial lenders'. They are CROOKS. If one doesn't understand how all that works in the scam pinky stock world, one should never buy pinky shares hoping for a long term gain.
GLTY and JMO
Be patient man...It's only been a year and a half since they were announced... Their headquarters staff in Green Valley is working round the clock. LMFAO
If he can't pay off the notes that are currently in 'default', he will likely have to close the doors and turn off the lights. That's why they call it 'death spiral financing'..it kills ever company that uses it.
GLTY and JMO
SIML has no assets and has had no revenues to speak of. SIML is currently in DEFAULT on over $350 of it's convertible debt...did you not read the 10-Q ??
They have no source of capital other than selling new death spiral toxic notes to pay off old ones.... all thos notes listed in the 10-Q are convertible at a huge discount to the current retail price....nothing but a pure toxic dilution machine.
GLTY and JMO
Being 'current' is not the same as being 'factual'.
Sometimes it's best to get out with a small loss rather than a tombstone.
Yup you got it!
All lies.
Trading suspension anyone?
"Simlatus is developing exciting new Augmented Reality (A/R) and Virtual Reality (V/R) products such as on Google and Apple platforms."
Sorry, but that has been proven over and over to be total Bullshit. And all the proof has previously been posted to this board and wound up as trading losses to 'investors'. SIML is not 'investable'.
GLTA
"Proscere Bioscience Inc., a wholly owned subsidiary, manufactures and distributes CBD ancillary equipment used for cannabis extraction and growing industries."
No 'verifiable' proof of it's existence has been located by anyone.
"Simlatus Corporation, formerly RJM and Associates, has been selling its audio/video systems for almost 20 years and currently manufactures its own proprietary systems for the major broadcast studios, such as Warner Bros., Fox News, CBS, and DirecTV."
RJM and Associates was formed by ex-con Scott Sand and girlfriend Donna Murtaugh. They purchased some worthless, obsolete equipment (stored in a Green Vally storage locker) after the bankruptcy of a previous legit Green Valley audio/video company. Sand also agreed to buy the old GRPR shell from Jon Fullenkamp (Direct Capital) and then Reverse merged it with his RJM, to create another of his share selling scams. Rumor has it that he then 'stiffed' Fullenkamp for the promised 'under the table' purchase price. Scammers Scamming Scammers LOL. The Corporate office in Green valley has never been occupied in 4 years as verified by several people. Rent paid by naive shareholders LOL.
Trade it... but please stop trying to fool others into thinking it's legit. That's not nice IMO.
GLTY
Where are the details of any 'definitive contracts' or written agreements?
Don't they require an 8-k by SEC rules?? Scam!
Better read the last 10-Q...the A/S went up to 5 BILLION.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156607523
LOLOL... and they have not even received a 'down payment' from any of those many companies mentioned, or delivered a single extractor to any of them? Your 'list' tells the whole story of this (over 1 year old) extractor SCAM. Thanks!
Yup...perfect match for naive losers.
Yeah they must have some high school kid writing their PRs for them? "projectile" LOL
"we are now contracted to manufacture systems for a company based in Northern California that services the cannabis grower on the west coast. We are anticipating 3rd quarter revenues of $3M that will demonstrate our projectile of $200M over the next 5 years."
There are two types of SEC Suspensions, one for SEC Registered Issuers/Filers that are delinquent in filing Financials. The SEC Suspension is always accompanied with an Administrative Proceeding outlining the Financials delinquencies. Those stocks will have their stock registrations revoked, NO EXCEPTIONS!! Stocks in this category will remain on the Grey Market until the SEC Admin Law Judge revokes the stock registration. Note: The SEC occasionally files Administrative Proceedings without suspending a stock when the stock has been illiquid for an extended time. To date NOT ONE of the 2,085 suspended SEC Registered stocks has avoided revocation of their stock registration(s)....NOT ONE!!!!!!!!
They lose their MM sponsor and all trading is 'match trades' only in the Grey Sheets.
GLTA