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Like i said, remove your 0.0042, it will go over 0.005, man that's happening!
Is it because of anticipation of share buyback or something else? any idea?
give it a big push over 0.005, LoL
As soon as this 0.0042 goes, it will fly. Not sure who is trying to hold it under 0.0042. If it is real, just move your ask, you will get much higher, just let it go, man.
Whoever it is, if he removes that big sell ask at 0.0042, it would go over 0.005 long before. If it is genuine, pl. remove your ask, you can get higher, I guarantee.
It would be possible to trade between 0.35 to .50 if they have not issued billions of shares and stop doing so. Every small retails own millions of shares, that tells that they flooded the market with millions of shares.
Yesterday's quick fall was little disappointing. Doesn't seem anything for its own news but may be due to Covid plays in general. Let's see how it goes today, should be back in 40s.
The sell off was more with other Covid plays, let’s see if it recovers!
$1.5b contracts for 10 years with renewal option. How many times you heard a penny stock company signed billion dollars contract (1.5 billion, not million). It will run big time again next week, Mark my word. The PT was already $2 to $5 without this deal. Over time it will be a $20+ stock, just a matter of time.
One day it will surprise everyone with a 300%-500% increase, just a matter of time and publicity!
A big run is coming soon!
Overall, today was good, bringing some stability, tomorrow we may see solid over 0.005.
now things are going good, if they release a PR, would help to go big .......
Once it settles down over 0.005 and people realize that it may go up, it will hit penny land. Now it's transitioning from downtrend and nervous people are getting out, give it a few days, see where it lands
As it gets closer to Sep 1, it will gradually, go towards a penny or even .05c+, just see the trend ...........
It's trending up whatever the reason behind, we may see it in penny land by the end of this week.
That video is pretty encouraging. Once it gets more publicity, we are looking at huge upside!
A sub penny company’s 10Q, what else can we expect other than trashy numbers. Oh well, why did we buy this stock in the first place? Did we not think we may lose everything?
Now let’s see if they start doing share buybacks. If you’re thinking where would they get money from, true. Don’t forget if they can pay $4m consulting fees, they can manage $150,000 dollars to buyback shares. Don’t underestimate Jeff and gang, these guys are good at doing things that we can’t think of, no matter what. I won’t be surprised if they manage to do share buyback as well.
Just think about a company of 200k market cap, can pay $4.0m consulting fees, probably, they’re expecting $25m revenue from this $4m consulting fees transaction, LoL
$4.0m to Bgreen, I saw this Note disclosure indicating the payment for CBD equipment distribution and licensing agreement. Imagine $50k revenue company paying $4m payment for future distribution and license, meaning this is the biggest deal for them ever. They made payment already meaning they already started being benefitted from the deal that they had to make full payment. Do we see any sign of that yet?
What does Bgreen do? Are they CBD equipment distributor? Are they MJ producer? After searching hours about Bgreen, can’t find anything about their activities.
If you’re paying $4m to a company, which is 50 times bigger than your company’s market cap, you would expect that you’re doing something very big.
If anyone knows about the operation of Bgreen, please let me know. Either BBRW is doing something great or it’s a scam. Otherwise, who pays full $4m, before getting anything, to an unknown newly born company.
Overall BBRW was not that bad and people wouldn’t be as upset if they weren’t not adding billions of shares in such a quick time. They are going crazy as if they don’t have time, they have to do everything now. This means either good days are ahead and they’re cleaning up before or they’re on a satanic reverse split plan once current cycle of conversion and dilution are over.
We will know soon which way it’s going. If they buyback shares as promised, that’s a good sign. If not, you know rest of the story.
It’s not possible because the $4.0m pref shares were issued for services, not for cash. There was no cash transaction here. In order to buyback shares, you need cash unless they’re using this BGreen to do something behind the scene, again the transaction just doesn’t make sense!
If you’re convinced that they’re for patents and licensing of CBD equipments, that’s good. If they’re for real, I am happy. I am just not convinced about expensing $4.0 at a time instead of capitalizing and amortizing over 5 years. If it is related to patents and license, not even a fool accountant will charge everything in profit and loss and show huge loss, that’s not how accounting works. As you know, one leads to another, if it is not a mistake, then you can rest assured it’s not related to patents and licensing.
Plus I tried to find out about BGreen Partners Inc and they seemed to start operation from 2019 and there is no public information as to what they do.
Anyway, regardless, what is this $4m expense, it can still do well considering its product lines.
Just because someone has a different opinion than you, you shouldn’t jump to a conclusion that he doesn’t know anything.
Just tell me what do you think about charging of $4m as expense instead of capitalizing and expensing over 5 years or more period?
If that $4m was for 5 years licensing, then the expenses would be allocated/charged over 5 years, not in one quarter. I don’t think this is a mistake, even a non-Accoutant will not charge everything at once. There must be something else. Also Bgreen Partners doesn’t seem to have anything to do with CBD, of course I don’t see anything about their business either. If the $4m expense was for a good expense, I am okay with that. Plus BBRW is an equipment manufacturer, what are they doing with licensing, doesn’t make sense.
Agreed but the total deferred revenue $1.8m Should have the corresponding debit either in AR and or cash in the asset side of the balance sheet. The AR is small and so so as cash and there are no other assets that is in millions. Anytime, you record deferred revenue, the entry is:
AR debit: (Asset on balance sheet)
Cash/bank debit (if you receive payment): (Asset on balance sheet)
Deferred revenue credit: liability on balance sheet
(Unless you record débit side shareholders equity, which is very unusual).
Point is if you have deferred revenue of $1.8m in liabilities, you have to have similar AR (if payment not received) or AR and cash that shows similar to deferred revenue.
$4.0m consulting fees: Seems in April 2020, they issued 400,000 preferred A convertible shares @$10/share to a company Bgreen Partners, Inc. for some licensing and distribution agreements. They charged whole amount in the quarter as expenses, which is very unusual. Generally, if it is regarding some long term revenue potential, you allocate the amount over that period.
The other big question is who this Bgreen Partner company is and what kind of consulting they are doing for BBRW. If it is legitimate, there must be something big coming up. You just don’t pay $4m equivalent fees to a third party for nothing. Either something is coming up big or they paid to their friends/families to get the benefit.
Can anyone find out what does this Bgreen Partners, inc. company does? That will tell us what are they paid for consulting fees of $4m.
If the recent PRs about revenue, potential uplisting , Europe and South America expansion, new CBD equipment and 75% share buyback, etc., then there may be good days ahead. Also if for some reason, MJ companies start ordering CBD equipment, who knows stock price may go up significantly. Just to be strong and optimistic??
Those are still holding, don’t be so disappointed, it will be fine. This is not Apple or Tesla’s 10Q. It’s a sub penny stock, the FS will be like this, expected. Surely, it will do well in its own way.
Man, I still own 1.5m shares. Read my posts, i don't write to favour my position. Initially, i said they are right showing 1.8m deferred revenue, which was consistent with their PRs. But as i read through, that's where i see the gap. I know somehow they adjusted the Deferred Revenue affect with shareholders equity. But as i said, anytime you record deferred revenue, it has to be in the asset side of the balance sheet either in accounts receivable or if you received the payment, that has to be somehow in the bank unless you spent the money on something other than operational expenses. Anyway, i like to tell the truth regardless it affects my position or not. If you can show me the other side of deferred revenue, i will be happy to see that. thanks
Looking at the balance sheet, looks like there is a gap. Normally, when you recognize deferred revenue, the equivalent amount should be either in Accounts Receivables or in cash/bank or combination of both AR and cash. Their AR and cash not even close to deferred revenue, indicating that they have not really invoiced to customers for that $1.8m deferred revenue, it’s just one sided statement unless they buried in something, which is unusual. Let me know if you think otherwise!
Being a CPA, I know deferred revenue is as good as revenue if the statements are true. So their statement of $2.0m orders seems to be right.
Total revenue almost $2.0m including deferred revenue, good progress!
10Q: Looks like Revenue $50k and deferred revenue $1.8m. O/s 526m. Revenue almost $2m including deferred revenue, not bad.
Anyone read the 10Q? How good or bad is it? How is the revenue? Thanks
Whatever happens today, we may see more upside next week, today is more of a profit taking.
Next push will take it over 0.007, getting ready!
Don’t be surprised if you see a penny today or very close to a penny. Once profit taking is done, it will go for a bigger run, watch!
Don’t hold your breath, this thing can run fast. You may be surprised!
Profit taking: Last couple of weeks it was mostly under 0.004, so anyone bought during that time, taking profits now. If the hype is good and profit taking is done, it may go penny land soon.
You probably bought at 0.0031.you missed a 0.
Okay, but why do you subtract instead of adding and then divide by 2?