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They diluted 1.1bn shares since February. This has nothing to do with the Series C note mentioned in the latest 8-K.
Not a good look no matter how much anyone tries to spin it.
Cleaned up balance sheet, good earnings, and a subsequent RS would give this stock some wheels. Otherwise it's going to languish in sub-penny land with status quo.
They're going through dilution. The company is good, but the float is getting more bloated every month, hence the price.
That note is convertible into just over 700m shares at current market price. It doesn't make sense to issue 1.5m series C shares convertible into 15bn common shares... we are missing something here, even though the language in the agreements would imply that.
LOL that walking pump n dump OCMillionaire finally got clipped by the SEC
That LA Times article is priceless
How did A/S go from 5bn to 10bn without an announcement?
I'm long. It's dilution compounded with overall negative sentiment of OTC (treasuries, etc.)
You'll see 200-300m shares diluted next time you look on OTC markets.
Enough of this candle, chandelier, 50 day, RSI. or whatever cool term you learned on investopedia. You can't predict tomorrow's news, can you? Until then, your nuts are held by the MMs cuz the company is dumping shares.
...about that 'heading north' part... definitely left the 6s though
Duhhh, why do you think they raised the A/S limit to 20bn? Just for the hell of it?
It's a dilution machine to fund Jef's welding hobby on your dime. That buyback nonsense is just that.
Why do they keep diluting and raised the A/S to 20bn from 10bn if they’re buying back shares? That’s like me saying I’m quitting smoking while buying boxes of Marlboros
You have to be stupid not to invest in this. I'm not talking about about doubling down.
Go and read back all the comments on TSNP or OZSC forums with neg comments. Talk to the guy who sold his 3m shares when TSNP went from .01 to .02 (he prob wants to kill himself)
Mind you, the cash flow profile of BYOC is better than those two and so is the float.
It's a long road ahead but I'm in.
You could be right. We can talk bollinger bands and RSI and all other BS all day here.
The price will drop due to dilution (temporarily, that's fine and expected), which was clearly communicated by the company. The clear message is 1) this is one of those "diamond in the rough" sub-penny companies that produces millions in revenues with an independent BoD. 2) Signed or renewed contracts with blue chip names like GE, Cargill, 3M.. we haven't seen that revenue yet 3) BoD got their comp in shares, they need this to go up.
It's a good company on its way up. Period, end of story.
When that 10-K reflects all the contracts, it will be too late to buy this cheap.
MMs have their claws in it right now, with those 10k blocks.
It's just a matter of time before everyone is forced to recognize that this is a real company with flagship clients and real revenue. It's OTCQB material all day
How this is not trading in pennies is beyond me. There are so many jabroni money losing stocks out there that put out a PR with magic words "EV", "solar energy" or "cryptocurrency" that are trading at insane levels, cuz everyone thinks they're buying the next Tesla.
This is a real company.
Considering all the other junk trading out there in dimes, this should definitely be in dimes. That 10-K will tell the whole story. A lot of people will be kicking themselves for not getting in so cheap.
The $4m was assigned in preferred shares, not in cash.
So nice try, but that's hardly magic, it's dilution.
They barely have cash on the balance sheet. Where are they gonna get $1.5m to buy back shares? They've been doing nothing but diluting since the buyback announcement.
Where are those $ millions of orders promised in PRs since June?
Why is he still taking out convertible notes of pathetic amounts like $50k at 10%? If they "allegedly" have $1.5m (hint: they obviously don't).
The PRs are complete and utter BS and the capital structure of this company is as toxic as it gets.
Where are those millions of orders in the Q3 report??? Blatant lies in their PR
$80k in cash on the balance sheet, and $1.5m "buyback".... yeah ok...
If their AR at least showed a couple of million, then I'd still be on the fence. Now it's officially confirmed to be a BS company
Insta pics are cute and all...but let's see these orders reflected in Q3 report.
Hahahah maybe the grandma will buy a 200 gallon fermentation vessel instead of a Christmas sweater this year.
Wouldn't be shocked if Jef actually puts out a PR about how "holiday sales market" is $500 billion a year with a projected CAGR of 14%... as if it's somehow relevant to BBRW.
Another useless PR.
Quoting market numbers from 2017-2019 as if they're relevant in COVID 2020 world. "Craft beer market generated X billion in 2017"...who cares?
Jef may be making great brewing tanks, but he's not the sharpest tool in the box.
Take a look at the # of shares outstanding during those runs. If this company still had 200m O/S instead of 2bn, your comment would have some merit. It's been diluted to toilet water.
Yeah, but as multiple people have pointed out already -- they keep issuing tens of millions of shares at the same time. It's literally classic OTC bs.
Typically share buybacks are heavily scrutinized on real platforms like NYSE or NASD. You only do that when you're overflowing in cash and your underlying assets trade below NAV, which is clearly not the case.
So far, all we hear from Lewis are stale pre-COVID projections from 2019 of how craft beer market is gonna grow at X% or restaurant business is gonna grow at Y%.
It's more fun to watch the paint dry.
Thanks for the details
That's some math wizardry right there...
I’m fine with dilution if AR showed those $3.5-5m of orders that Lewis touted in his PRs. Instead it’s the opposite. I’m sure they make wonderful tanks to brew beer in, but it has Scam written all over it as a company
And this is based on which facts?? ...
Exactly. Terrible balance sheet yet the $4m handout to a company that nobody has ever heard of, that’s affiliated with an ex-convict for securities fraud.