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Re: zim post# 22769

Wednesday, 08/05/2020 7:50:00 PM

Wednesday, August 05, 2020 7:50:00 PM

Post# of 41920
I agree. Left relatively unsaid in all the discussion about the (apparent) note conversions is how dramatically they should clean up BBRW’s balance sheet. The derivative liability has been a millstone around the neck of shareholder equity for BBRW, as well as an uncontrollable factor hitting net income (by virtue of valuation changes). If that balance is significantly reduced, as I believe many of us suspect, it would both objectively improve the B/S and subjectively simplify the story of the BrewBilt value proposition. Worth noting that since many of the notes seem to have converted since 6/30, that’s probably a Q3 reduction, but nonetheless another piece of good news on the horizon.

Side note: In looking back at the last 10-Q, impressive how Jef & Co. mitigated a ~$300k Q/Q revenue loss into a ~$20k Q/Q operating loss increase, seemingly without payroll being reduced (meaning that however many dudes Jimmy saw working there are appreciative and want to see the business thrive). Meanwhile their gross margin, however crummy the sales, went from ~7% to ~44%.

We’ll know one way or another what BrewBilt is all about sometime in 2020, but these last couple weeks, as well as deeper digging further back, have made me more optimistic than ever about our chances here.