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So have we just accepted that the buyback was an outright lie at this point or what
Been too busy these last 2 weeks to follow stocks and wow, at least they're making it easy for me to hold because selling at this point makes zero sense lol. Learned my lesson the hard way on this one, but still, of all OTC stocks out there, this one is now the most blatant scam. Go figure. When every piece of advertising the company does (LinkedIn ads, Yahoo ads, Twitter updates, etc.) are plastered with their ticker symbol, you know you're in for a ride.
Honest question - is there legal recourse here if the next 10-Q shows no share buyback, or nothing close to $5M like the CEO promised? He went on public record stating they would purchase $5M of their shares through EOY 2021. Source.
If they do not deliver, would this not be an open and shut case of misleading and/or lying to investors? They've swindled their way out of posting revenues by saying their accounting only counts revenue when the customer is satisfied (not buying this), but I don't see how they could get out of promising a certain $ amount of a buyback by a certain time. Thanks in advance.
They do have a number on their webpage. Just go to telamentalhealth.com and scroll to the bottom. 516-834-2601 x201.
This will likely go to trips within a week, then all bets are off where it will land. Will probably make a R/S imminent though. They were too dishonest with their investors to the point that we can't trust any positive news they release. I will continue holding until I break even or they go bankrupt. What a shame, GLTA
Good grief this stock is brutal
Thanks a lot Bruce
PASO is now pink current
I get one on LinkedIn and now Yahoo Finance too.
They could release a PR saying they landed $100M in billable orders, and this still wouldn't budge. The fact of the matter is that they have entirely jaded their shareholders with exaggerated PRs to the point that they are no longer taken seriously. If they didn't know this before the last PR yesterday, they know this now.
If the numbers aren't on a 10-Q, they don't count, but if/when these numbers post on a 10-Q, God help anyone with a short position.
No, he's wrong. This isn't a scam. Scam companies don't publicize themselves to the degree this company does. Sure, scams release PRs to boost their share price, but so does every other OTC company. The difference is that scams don't consistently publish photos and videos of their work all over social media. Scam companies are entirely opaque and often hide behind BS billing addresses and never provide tangible evidence of the ongoings of their business, whereas BBRW releases tons of content showing their tangible operations and progress.
Every shareholder in OTC stocks seemingly identifies companies as scams if they go down, and thinks they're legitimate long-term investments if they go up, as if a legitimate company can't fail? This company isn't a scam, in the sense that this isn't some share selling endeavor. But I'm no pumper - this company seems to be in trouble, and the way they've handled PRs and finances has been ludicrous. If I wasn't a shareholder, I wouldn't buy in right now. BBRW simply bears all the markings of a company doing everything it can to survive in an incredibly difficult market landscape. They're not fraudsters; they're not a scam; they're just struggling. Jef isn't some criminal mastermind wringing his hands at how many shares he's diluted. He's just some guy that makes brewing equipment and doing the best he can to keep his company alive. I don't agree with many of his methods or execution, but the explanation for what is happening really is that simple. This isn't a conspiracy; it's just a company doing everything it can to keep its head above water.
"PASO announces a new partnership between nonprofit @mediaveteransf1 Veterans for America First, END27 program, and TelaMental health. Giving affordable access to mental health care to veterans. A portion of all proceeds goes to ending homelessness, joblessness. #mentalhealth"
Link to post:
PASO announces a new partnership between nonprofit @mediaveteransf1 Veterans for America First, END27 program, and TelaMental health. Giving affordable access to mental health care to veterans. A portion of all proceeds goes to ending homelessness, joblessness. #mentalhealth pic.twitter.com/AN2pIFyzxv
— Patient Access Solutions Inc. (OTC:PASO) (@pasohq) August 20, 2021
My thoughts too. Maybe Roofus had enough - I wouldn't blame him.
New all time lows. Well done Bruce.
Sure could use one of those BS press releases right about now
Are we confirmed for earnings to be reported tomorrow (8/13)? I can only find estimates
This is pretty easily explained. I've implemented a few different chat widgets on websites at my job. This one appears to be from FreshChat based on a simple inspection of the HTML. I'm not familiar with it, but all of the ones I've used have a feature to set office hours, or detect live chat agents, so they can defer live chats to a contact form where they can respond at a later time if no one is available. They don't have this set up.
It's not professional and it's not a good look, but I've forgotten to set this up before. Not a big deal from my perspective.
Source?
Excellent news - not so much for the short term price point, but a great sign for the longer term outlook for the company. Hiring companies are growing companies. GLTA
"I am always right about this crap stock."
Lol on 11/23 you said BBRW is "never ever going past $0.002" and it went 10x that 3 months later. Honestly it's a good sign you're back; you're like the harbinger of spikes.
lol I have no idea what you're implying here but thank you for the laugh! happy Friday and GLTA
We'll need some seriously earth shattering news to get this thing really moving in the right direction. Between Bruce's email that was posted here and their latest tweet, I have a bad feeling the 'news' is just going to be the opening of that center, and that's not gonna cut it. Hoping for the best but expecting the worst.
Yeah...so am I missing something or did they outright lie to their shareholders? The CEO openly stated $3.1M in billings for Q1 2021. I get the $13k sales figure, but even Account Receivable is only $900k. What gives? I must be missing something because if it was this simple, this wouldn't only be down 5% on the day.
Yeah look at the ones from 11:40 ET...101, 102, 103, 104. Took forever to fill my order at 0.0035 just now. Something weird is going on.
I'm seeing the all-time low as 0.004 on 12/13/2018 - does anyone have anything different? For what it's worth, it was over 0.03 one month later. GLTA
Holding up very nicely. Hopeful for a solid week next week. Good luck everyone
20 minute video from September 2020 showing a walkthrough of one of Brewbilt's systems at a customer site. Customer is the Ronin Fermentation Project brewery. Just for anyone interested:
https://vimeo.com/457029431
Edit: here's a 30-second clip from 2 days ago they posted to their Facebook page showing some of their new systems being manufactured:
https://www.facebook.com/brewbilt/videos/3853649101378687/
Huge buying support. Just imagine where this would be today if the market wasn't in the pits!
I was thinking that too, but I went through the 11/23/20 PR and it reads:
"Jef Lewis, CEO, stated, “The Company repurchased 70,025,000 common shares and returned them to treasury on November 20, 2020."
So it could have been a play on words in the 10-K, but that's still a quote by the CEO of the company saying they repurchased common shares, so if that was a lie then that's an easy lawsuit to win.
Yeah that's what I don't get. Why didn't they even list the 70M? Here's the press release of the 70M buyback and the 8-K they filed for it:
Press Release (11/23/20): https://seekingalpha.com/pr/18096574-brewbilt-repurchases-140k-in-common-stock-while-financials-are-up-in-sales-and-profits
Filed 8-K (11/23/20): https://www.otcmarkets.com/filing/html?id=14519979&guid=9dDpUHypngPqH3h
Excerpt from the 8-K:
"On November 20, 2020 the Company returned to treasury 70,025,000 common shares of stock in value of $140,050 at a price of $.002.
On November 20, 2020 the company has agreed to allocate 10% of all purchase orders towards the repurchase of stock, up to $5,000,000 during the term of the share repurchase program through December 31, 2021."
Gotcha I was confused then, thanks for the info!
Have they said that they will be releasing the next 10-Q this week, or are people just saying that? Looking at their previous 10-Qs, it looks like they usually wait until around 6 weeks after the quarter ends to file it. Thanks in advance.
For those getting impatient, I would highly recommend looking at the 1 Year chart, namely the run from April-May. It ran from 0.003 to 0.02 over the course of 3 weeks, then went back to 0.007 and essentially flatlined there for another 3 weeks before going on a tear to 0.09. Is this a guarantee that it will emulate the same pattern this time? Of course not - this is the OTC. But it is an indicator of what can happen, which is equally important. And to me, it looks like we could be right in that 'flatline' period before a tear.
Personally I like the lack of volatility here - especially during such volatile times across the market as a whole. I also don't want them to release any huge business updates right now, because their impact on the price would be hampered due to the overall volatility. From my personal experience in OTC, these 'boring' periods often precede huge upward movement. I'm not as optimistic as some of the people here who believe it will hit $1 anytime soon, but with the country reopening, the buyback, and the huge strides they've made to expand their business, I can see this easily surpassing its 52-week high in the near future (4-8 weeks).
Can anyone explain the purpose of this offering in layman's terms? I am under the impression that they're doing stock buybacks, putting 10% of each purchase order they receive toward the buyback. Then they announce an offering? To me it sounds like paying off a loan using 10% of every paycheck you get, then taking out another loan at the same time. It doesn't make sense to me.
I'm still holding and not bearish - I'm just trying to understand the reasoning for this.
I know this will come off as shameless pumping, but this is almost too perfect for a medium to long-term hold. That pullback this week was beautiful and I would actually prefer it over a nonstop rise that would make this incredibly volatile. We've established a good base around 0.012 with strong buying support. Opposed to most pump and dump penny stocks that hit the moon and fall back to earth, this one is holding its gains and shaping up to be a solid long term hold and easy multi-bagger for 2021.
But what I like most about this company is that they have a physical, tangible product. Nearly every other OTC stock I've been in offers a vague service, most of them around COVID. These guys are following the saying of "during a gold rush, sell shovels" by facilitating the exploding micro-brew market.
Very excited to see where we go in the coming weeks and months. I'm up more on this stock than I've been on any other. This is also the first OTC I've ever averaged up on. There's a reason I'm still holding and adding and I intend to for quite some time. GLTA.