BrewBilt Manufacturing Inc (BBRW)

[zoomboom]

We are relying on SEC Rule 10b-18 (Purchases of certain equity securities by the issuer and others.) for the stock repurchase. This will be executed in September.
Thank you. Via Brewbilt Twitter acct

We are relying on SEC Rule 10b-18 (Purchases of certain equity securities by the issuer and others.) for the stock repurchase. This will be executed in September.
Thank you.

— BrewBilt (@brewbilt) August 12, 2020

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https://www.investopedia.com/terms/r/rule10b18.asp

Rule 10B-18 is a Securities and Exchange Commission (SEC) rule that is intended to reduce liability for companies (and their affiliated purchasers) when the company repurchases shares of the company's common stock.
Rule 10B-18 is considered a safe harbor provision; it is not mandatory that a company follows the conditions of the rule, but in order to reduce their liability, companies may adhere by its guidance regarding the manner, timing, price, and volume of repurchases.
In addition to following the conditions laid out in the rule, a company must also report–quarterly and annually–more detailed information regarding share repurchases on additional SEC filings, including Form 10-Q, Form 10-K, and Form 20-F, in order to be in compliance.