BrewBilt Brewing Co (BRBL)

[kennypooh]

Yep...these floorless convertibles are known as "toxic death spirals" for a reason. They ultimately kill every stock that issues them.

The convertible note holders don't care about the price, since almost all the toxic convertible notes convert at a percentage of either the current stock price, or a percentage of the VWAP for a certain number of days, or the lowest price (or average of the lowest 3 prices) in a certain number of days. In other words, they are guaranteed to make money regardless of the price, and ironically, they actually will make more money at lower trading prices rather than higher ones.

What counts is not the price, but the volume. Since they make money regardless of the trading price, they just need naive people to take the shares off their hands. That's where a promotion and the bogus announcements by the company come in. Convertible note holders are not really "investors" , (they don't meet the criteria).

Good luck to those that understand how this wash, rinse, repeat SIML bullshit works.