BrewBilt Manufacturing Inc (BBRW)

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BrewBilt Manufacturing, Inc. (the “Company”) has commenced a share repurchase program on September 15, 2020 to purchase up to $5,000,000 of common stock through December 31, 2021. The share repurchase program is intended to reduce liability for the company (and its affiliated purchasers). The company is relying on Rule 10B-18 as a safe harbor provision to reduce or eliminate legal or regulatory liability in certain situations as long as certain conditions are met. The company has abided by the conditions of Rule 10B-18 inclusive of conducting all transactions from a single broker or deal during a single day. The company recognizes certain requirements for the timing of the purchase, whereas an issuer with an average daily trading volume (ADTV) that is less than $1 million per day or that has a public float value below $150 million cannot trade within the last 30 minutes of trading. Companies with higher average trading volume or public float value can trade until the last 10 minutes. The issuer must repurchase at a price that does not exceed the highest independent bid or the last transaction price quoted. Finally, the issuer cannot purchase over 25% of the average daily volume.

On November 20, 2020 the Company returned to treasury 70,025,000 common shares of stock in value of $140,050 at a price of $.002.

On November 20, 2020 the company has agreed to allocate 10% of all purchase orders towards the repurchase of stock, up to $5,000,000 during the term of the share repurchase program through December 31, 2021.

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