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Forget uplisting. How about getting that CE removed? There must be bigger issues with this just dragging on. As a long holder, it’s been hard to hang in. Lucky, I’ve lost so much here, not much more to lose waiting. #frustrating
With every day that passes and the CE remains, it is not a good sign that it will ever be removed. #disappointed
…and back to red
I’ve read that the OTC is very thinly staffed especially those responsible for reviewing CEs. It could take a while just to get to the reviewers.
My fear is the longer it takes, the odds of them not having it removed increases. There should really be a public report once the CE goes on indicating exactly why the CE was placed on the stock. That way investors know exactly what the problem is.
Nope. Took my losses two years ago. Just trying to warn others. Investors beware.
The share increase and dumping could be just raising money for Jeff to plan his summer vacation. #scam
Super high volume today with no price movement. Strange…
Nope. It’s an ATM for CEO. History of releasing info on possible deals only to release more shares. No deals ever come through.
The slide continues…
Big jump today. Nice to see some positive action.
If you like this press release, you’ll like the same one they sent out last August.
https://ca.finance.yahoo.com/news/brewbilt-inks-exclusive-distribution-agreement-120000405.html
They are just looking for more suckers to dump their billions of shares on. Run away….
Yes on the reverse split. Avoid this trash stock unless you need a tax write off for your losses.
The slide continues…disappointed.
I am waiting on the SEC to shut them down.
Someone should take the time to compare the last year PRs with results on the financials. I’m guessing that this would be great evidence for a SEC investigation.
I was on the call and Brett did state how many shares he has (I don’t recall the number but it was a lot. Before latest dilution by Pawson, a little over 10% of the company if I recall correctly). Also stated he hasn’t sold any.
Obviously, he really needs WeShield to take over the management of OPTEC to have any chance of recovering his investments.
It’s a race now to see if Pawson walks away or if the Feds step in and shut the whole thing down.
Someone covering their short position.
Even if Pawson retires/leaves the board/resigns/goes to jail, he will still have complete control of the company based on his preferred voting shares. Stock holders have no voice in his company.
Now that Roger has taken all of our money, he will be selling off the assets including WeShield, taking the house they bought as a bonus and let OPTI wither away to a bad memory.
Has anyone actually filed a complaint with the SEC regarding OPTI? Seems like there is overwhelming evidence to at least have them investigated.
Look at the latest 10k for BrewBilt Brewing Company. They state in there at note 3 that they paid BBRW $200k deposit to begin building of their brewery system.
When is that cash going to move into revenue for BBRW? They seem to just continue to accrue deposits but never hits revenue. Their social media shows them delivering systems but revenue never shows up.
Only thing that will drive this stock upwards now is audited financials.
Too much distrust in Pawson. Hasn’t delivered proof on any PRs. Bigger question is whether he is up to the task of running this company. Got very lucky with the PPE sales and purchase of WeShield. This could be what transforms the company from all those investors banking on the Fuel Maximizer (remember that), to a player in the PPE world.
Totally agree
Earnings in excess of billing is money paid to the company and the company still needs to deliver the product. A deposit or progress payment.
Once the product is delivered, the amount listed in earnings in excess of billing is then transferred and listed under sales revenue.
If the buyer is financing the purchase through BrewBilt or owes a final payment, then the sale would be listed under accounts receivable.
I completely understand the 10Q. I invest based on results, not an Instagram post.
How do you explain the announcements of delivery of equipment and the revenue for those deliveries not showing up?
How much are you down? I got out.
Not according to their last few 10Qs.
Finnish Deal -
Anyone know what the shipping cost of a brewing system from CA to the EU would be? How about import tariffs?
Not sure which EU brewery would want to spend more on a system to cover those cost. My guess is that there are plenty of qualified equipment builders in the EU that can produce quality equipment and sell them without the additional cost of shipping and tariffs.
BBRW should stick to the niche US market they are trying to build and work on the partnership with BRBL to get the brewery up and running. That’s where the future is.
Revenue should be reported when product is delivered per the footnote. They have had PR out there showing product being delivered over several quarters with no increases in reported income.
Holding out on any investment until the next 10Q to see the if that changes. Jef is not very transparent or open about the current state of the company so doesn’t deserve any consideration until that changes.
It would be nice if Jef would explain the business plan behind this. Doesn’t make sense to me. The current business model is to provide a better quality system made with American steel. How do you do that in Europe? Import the steel? Import the final product? The taxes and shipping costs would put them out of reach price wise versus the competition in Europe.
Lots of questions here.
How about building the US business and partnership with BrewBilt Brewing first? Seems like a big enough job for a company with only 10 employees.
Full disclosure - Sold off my 675k long shares after the 10k came out. Gave them a year to show growth. Sales just aren’t there and lots of discrepancies between the PRs and performance shown on the last three quarterly reports. Just doesn’t add up.
It would be nice if Jef would explain the business plan behind this. Doesn’t make sense to me. The current business model is to provide a better quality system made with American steel. How do you do that in Europe? Import the steel? Import the final product? The taxes and shipping costs would put them out of reach price wise versus the competition in Europe.
Lots of questions here.
How about building the US business and partnership with BrewBilt Brewing first? Seems like a big enough job for a company with only 10 employees.
Full disclosure - Sold off my 675k long shares after the 10k came out. Gave them a year to show growth. Sales just aren’t there and lots of discrepancies between the PRs and performance shown on the last three quarterly reports. Just doesn’t add up.
Only because of the reverse split recently. They’ll dilute it just like they did on the manufacturing side.
That’s BrewBilt Brewing not BrewBilt Manufacturing.
Did you notice Jef is CEO of both companies and makes $200k plus stock options on EACH company.
Sales doesn’t even cover the management payroll.
LOL…I’ve been trying to sell my 675k shares at .0014 since the 10q came out. No buyers.
Explain where the money is from the delivered equipment shown on Instagram and FB?
The financials show increase in debt and increase in outstanding shares. That along with decrease in sales does not paint a picture where investors will see a growth in value anytime soon.
Also, never have we heard what the arrangement is on the partnership with BrewBilt Brewing. My guess is that most of that $2.4 million of the unearned revenue is the value of equipment they are building for the brewery partnership.
For the quarter ended 6/30, BBRW reported $48,764 in 1st quarter sales. For the first half of the year, reported $62,015 which means they only brought in $3,251 this quarter. Where’s the revenue from the jobs that we see being delivered on their Instagram page.
$3,251?
For the quarter ended 6/30, BBRW reported $48,764 in 1st quarter sales. For the first half of the year, reported $62,015 which means they only brought in $3,251 this quarter. Where’s the revenue from the jobs that we see being delivered on their Instagram page.
Also concerned about the earnings in excess of billing. Seems to carry on from quart to quarter. How much of this is related to what they are building for BrewBilt Brewing? Will that ever be recognized or is that the partnership expense that manufacturing will eat?
Really need Jef to walk us through the 10Q.
I don’t think this stock will move any higher for at least a year. But they are bleeding cash and can only borrow more money or continue diluting shares to pay the bills.
But if your sales can’t even cover the CEO’s $200k salary, you are not long to stay in business.
Numbers are heading in wrong direction. Only $62k in revenue for first six months. This company is going no where.
Time to bail.
BBRW 10Q should be out Monday. I would expect sales of over $1 million based on how they held back deliveries in the last 10Q to keep profits down and some of the PRs. Anything less, would be a disappointment.
If over a million, that should get the share price moving in the right direction. If under, stuck in sub-penny for a while.
Good luck everyone!
I believe they have till Monday, the 16th, because the deadline of the 15th falls on a Sunday.
Is the plan for BBRW and SIMLD to merge or for BBRW to buy/merge with SIMLD? Seems like one of these needs to happen.
If BBRW is only selling equipment to SIMLD, then SIMLD would be the buy if you want in on the new brewing business.
Has anyone heard a plan??