BrewBilt Manufacturing Inc (BBRW)

[lordboozio]

You've got to be comfortable with your positions, and if not, got to get out. I respect your transparency there.

My expectations differed from yours in that I did expect the O/S update to be north of a billion based on all of the convertible notes listed in the last Q. Given that there was still some apparent dilution earlier today, I don't think we were done as of yesterday, but very close. Assuming full conversion of notes due works out to 1.4-1.5b total O/S, 1.2b is actually somewhat of a success. My hunch is that some repurchasing occurred in the weeks leading up to yesterday, and that more has happened today/will continue. If I'm BBRW mgmt, want to repurchase as many shares as possible prior to updating the O/S in the Q2 10-Q (expected by 8/15).

One nuance to point out, is that (as OC pointed out to me) the buyback target was stated as 75% of the float, not total O/S. That makes it more realistic, but of course we also don't know what the float is.

Hope you can find a good point where you're comfortable re-entering!