BrewBilt Manufacturing Inc (BBRW)

[dweasel92]

The problem is, they didn't just up the authorized shares, but instead, they issued an announcement of a public offering, meaning, they're intending to sell those shares (whether that's all 10billion, who knows?). The reason they can't offer them at .02, is because that would be saying they believe their market cap is 200million, which we know it isn't. .005 puts them at 50 million, which is believable.

Also, they don't need to protect themselves against a takeover because their preferred shares give them the voting majority, no matter how many commons they sell. That is directly in the filing of the offering.

When asking why they would buy back, then dilute, answer could be as simple as, they hadn't bought much back, or they got another job that needed more capital to fulfill, and they didn't have it, so they need to raise it. Or, it could be because of the 8.8 million in liabilities they posted for the 3 months ending in September 2020.

Point is, they could have increased the A/S without announcing a public offering, they've done it multiple times in their history.

Finally, it's not an answer to the SIML question, but where are you seeing SIML on the 1-A filing, because I can't find it (but admittedly, there's a lot to look through)?