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Re: kennypooh post# 23443

Wednesday, 08/12/2020 2:27:57 PM

Wednesday, August 12, 2020 2:27:57 PM

Post# of 41920
Fair enough. I was referring to issuance of new shares through an offering. I agree that new debt issuance and certain types of new share issuance must only be reported retroactively in the Q and that creates a blind spot here.

The reason I see new notes as a moot point re: near-term O/S (although certainly relevant to value longer-term), is that we would expect new notes to have 2021+ maturities. That is the case for the new notes disclosed in the last Q under subsequent events. So that's unhelpful from a liabilities on the B/S standpoint, but the related dilution is a 2021 problem.

When we see the Q, we should have a better sense of whether BBRW is turning the corner on sales volume, margins, accumulating sufficient capital reserves to accomplish strategic objectives (repurchases, repayment of debt, etc.) or not.