BrewBilt Brewing Co (BRBL)

[JERussIV]

Weekend Thinking of SIML and BBRW

Note: I posted this to the BBRW feed as well...

I have had my nose in a screen going through both BBRW and SIML filings for the better part of the morning. I have also been combing the message boards and chats. There is chatter on other boards, and a few here, saying this is a share offering for funding operation expenses; however, from a financial standpoint this doesn’t seem to make sense because of the BBRW share buyback. BBRW could raise capital elsewhere in this low environment, better than issuing 10B work of common. Low interest rates, investors looking to put their money in something besides DOGE or baseball highlight tokens. The same can be said for the preferred ownership, a 10B common does nothing for them, i.e. Lewis, Hyland, etc. It would be a dilution to the 10th degree.

So, with that being said, with active orders, a share buyback, and actual breweries across the US and in Europe having their systems, this being an offering for operations may be true, and this is the MO of the “pinks”, yet there seems to be a more thoughtful explanation. The merger of BBRW and SIML.

Again, SIML’s ownership of Proscere Bioscience, is the target, right? Well, if that is true, work backwards, in August SIML went through a 10B offering.

Q4 BBRW, 11/23/2020 to be exact, BBRW did a major buyback https://finance.yahoo.com/news/brewbilt-repurchases-140k-common-stock-130000391.html .

In December, Lewis was then appointed CEO of SIML.

Yesterday BBRW files the same amount of offering as SIML.

All I know is I appreciate the dialogues going on and I am looking forward to next week, knowing that I could be dead wrong, but holy hell, what if it's true.