BrewBilt Manufacturing Inc (BBRW)

[JohnnyThundersLAMF]

And why would they do a buyback anyway? They can’t even make payments on their convertible notes…

“During the nine months ending September 30, 2020, the Company received proceeds from new convertible notes of $698,540, and reclassified accounts payable of $44,000 into convertible notes payable. The Company recorded no payments on their convertible notes, default penalties of $194,920 and conversions of $1,184,909 of convertible note principal. The Company recorded loan fees on new convertible notes of $87,460, which increased the debt discounts recorded on the convertible notes…”
https://www.otcmarkets.com/filing/html?id=14751438&guid=H0RpUp2DVh5pLth

The default penalties alone are worth more than the amount of stock they claimed to buy back.