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We should have new numbers by COB tomorrow, right?
Are the revenues listed on that from Q1? Or is this saying that those revenues are current? Cause, if current, that does not look good? I don’t really understand what this means, are they going to dump more stock out there? Can someone please explain the significance of this document?
Haha. This post is Gold! We need some sarcasm meter calibrators up in here apparently!
Yeah, that’s where 75% of float not being 1.5 mil comes into play. I guess according to convos with active investors here they have reiterated intent to make 75% of float the limit and not 1.5 mil. Honestly, I really don’t know. We’ll find out. I still have a hard time thinking this is a sham (maybe my downfall), but this isn’t some abstract bs product like weed for cats or pharma hoping for a breakthrough. It’s real, tangible products with pics of delivered setups on IG. Time will tell if I hung on too long. Huge learning experience for me either way. To be fair (letterkenney, anyone) they just have to start it now, not finish it Q3 without being misleading. We shall see. I’lll say that even one more share of dilution this year would be a huge red flag for me.
Could be wrong, but If i understood correctly, they have to be bought at ask. Bbrw being pink has extra restrictions on timing (i.e. can’t buy all at end) and has to keep it under 25% daily volume.
My gut says slow bleed or mostly flat till some concrete news. This stock has been bipolar with regard to public perception. They have a lot of promising stuff, real solid looking equipment and very happy customers, but also do stuff like put out a PR talking about a buyback and then the next two OS releases increase the share count by a factor of 30-40. I think we started the summer with something like 35m shares. A lot of it can be explained with dealing with VTNL debt and trying to restructure the business... however I think there’s also lot to be said about putting out a lot of “hype PR’s” with no actual financials to back it up yet. I can see a new CEO who is passionate about his product and it not being “just” a business venture for him, just gets excited and wants to share. As I’ve read more about some failed pennies in this board it definitely does have similar outward appearance with the pumping, though.
In the end I guess it all comes down to whether bbrw proves to be trustworthy, and if they can start turning some profit, or at show a couple quarters trending in that direction. At this point, in my mind, they’ve committed to a buyback in the next few weeks, and we need to see millions in revenue over the next two quarters (or less). Otherwise, well-intentioned or not, it’s been too much hype and not enough follow-through (for me, anyway). We’ll know within less than 30 days how much of this was legit. I’m really hoping for a win on this! Cheers to this being the one positive thing in 2020 and end the year right, haha!
So it looks like from those pics that’s a pretty big system and install started end of Q1, probably completed sometime mid Q2 (guessing by the pics). That’s a good sign. Guess I just have to deal with the stress for one more week. Either we see payment for this and the start of some real income show up on 10k, or we know this is gonna be run into the ground. Income plus a OS reduction (or at least stable) next time that’s reported and I might actually have caught a break on this one!
Will they be able to buy up that much float with just the $1.5M or whatever it was? Someone here estimated the float at like 550MS last I SAW (now idea how one gets that). So 75% of that would be like 412.5 million shares, they’d have to get them at like $.0036/ share. Does that mean we can expect this do go lower before it goes higher? Otherwise shares outstanding would necessarily stay higher? Just trying to work this out, thanks.
Thanks for posting that. It’s good to have employees passionate about their work, and nothing I’ve seen causes me any concern for the quality. Fit and finish appear good, which is almost always a good sign (but not always) of underlying quality (in people, processes, etc).
So what are expectations for Q2 earnings? A lot of the news seems to be after June 30. Do you think much of the revenue came in time to make it on Q2? Seems like the second quarter would have been the most impacted by shutdown. Will this tank after the next report and then take off Q3, or was enough closed out before 6/30 to boost confidence and make this pop?
I’m in this stock initially because I read the reviews of their products, looked at the build quality, and what I saw meant a lot. My last penny stock was based on the hope of a new but unproven technology, but the CEO ended up being toxic, among other things. Lost a lot on that. I read about VTNL, but my gut on that is like, “weed products for pets, I mean, seems kinda hokey”. Here we have a solid, well made product with a CEO who appears to be passionate about his work. I’m concerned that he is apparently not too involved in the finance side, so I hope he isn’t lead astray by the bean counters. I’m trying a new strategy with this one, numbers matter, yes, but I’m looking more for a solid culture and pride in the product and workmanship of the employees.... getting back to old school American values, in a way. I’m a mechanical engineer in corporate America and my company made money hand over fist, but I question the basic values now. Pride of workmanship is not number one anymore. Its about short term stock gains and pc culture, actual product comes later. I don’t make a ton of money yet, I put a big bet, for me, on bbrw. I got in lower than most, though. But, as a manufacturing guy and engineer, I see well-made products with a loyal following and almost unanimous 5 star reviews. I mean, those are some nice looking welds! I’ll get behind that, I just hope they can figure out the financials and make me some money, also. Clearly I’m not a finance or stock guru. I’ve learned a lot though and appreciate any thoughtful viewpoints on PR’s, etc.
I appreciate your replies Hobo Joe. Thanks for providing counter-points. I’m fairly new to this stuff so I want to hear all sides.
Did you happen to stop by? If so, what were your impressions and how did it go? Thanks!
What does that mean for us? I thought T-trades were after hours trades?
I’m kind of enjoying our little misfit bbrw community, haha. I hope this works out! *fingers crossed*
If nothing else I’m learning a ton being in this stock. I guess I could look at losses like I am paying tuition, haha. Thank you and others who take the time to put out really thoughtful posts and good information.
Thanks! I just want to know if this is a real company still making real product at this point, haha.
What questions did you ask?
That’s pretty damning. I’m fairly new to this. Can they really just flat out lie with no repercussions? I would think that should be prison time or at least an easy lawsuit?