BrewBilt Brewing Co (BRBL)

[lesgetrich]

There was no contradiction in the two PR's you mentioned. In September they stated...

SIML Continues to Pay Off Convertible Notes While Finalizing Delivery of $24M in CBD Orders

Pursuant the 8K filing of September 16, 2019, the company is finalizing the delivery of 14 CBD Extraction Systems in value of $24M. Further negotiations are taking place with various groups for additional systems. These are very expensive systems that require a large space to accommodate all of the features inclusive of the Cold-Water CBD Extraction equipment combined with the Alcohol CBD Extraction systems. Certification for C1D1, and State regulations are a part of the process prior to acceptance of any deposits and cash from the clients.

...The October PR said...

SIML Receives Green-Light to Build and Deliver $24M in CBD Extraction Systems

San Francisco, California, Oct. 17, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Simlatus Corporation (OTC PINK: SIML) (“Simlatus” or the “Company”) announces today that certifications and manufacturing processes are initiated to commence the manufacturing and delivery pursuant the purchase orders for the CBD Extraction Systems.

The first PR says they are finalizing the delivery (i.e. production) of their order but they need C1D1 certification before they can accept any money/deposits from the customer. Most people would assume that the company, especially a startup company with limited cash on hand, would want a deposit before starting to build a million dollar plus piece of equipment. The second PR says that they have implemented the certification and manufacturing processes necessary to meet the PO requirement for them to collect a deposit. Moreover on 9/18/19 their 8-K stated the following...

SIML 8-K on September 18, 2019

Clarification on CBD Extraction System Purchase Orders and Delivery

The company received purchase orders from United Opportunities LTD on May 28, 2019 and July 31, 2019 in the amounts of $2,880,000 and $16,945,668 respectively.

The company received a purchase order from Brand House Ventures Inc. on July 10, 2019 in the amount of $4,320,000.

The company is manufacturing the systems in Grass Valley, California in order to maintain quality assurance. Each system requires a 50% deposit upon successful on-site inspection, C1D1 Certification Approval, platform design needs, and process specifications based upon a needs assessment. This process can take 90-120 days depending upon State and County regulations.

Currently, the company anticipates manufacturing and delivery on or before December 15, 2019.

There has not been any announced delay from the December 15, 2019 anticipated delivery date, so, for now, we need to assume they are still on track. It's been roughly 90 days since the last of those PO's was received.