If you look at the 3rd quarter filings, they still had about $320,000 of convertible notes left after this month. There was a $425,000 note that was due to mature on April 1st so I suspect that is still converting.
I don't mind one bit. This is exactly what I like to see. All last year, from the filings, they were paying off their convertible notes, and other debt was being converted into preferred shares that could also be converting.
I just want the debt off the books so they can get better financing for the future to build the Phase II microbrewery. It's not like they're clearing their convertible notes so they can go take out more convertible notes. With their fast growing revenue, the convertible note phase of their growth should be coming to an end. That's a great sign, imo! The 10-K will tell us a lot.
I still expect the OS to climb significantly with the maturity of the notes, and I don't even care at this point if they do another reverse split as it would be to improve their capital structure only. In the meantime, the general public, via the new BrewBilt customers, friends, coworkers and family should keep driving more new investors into the stock.
If you compare BRBL to BRBW, BRBW still had a boatload of convertible notes on the books that converted at a variable rate. BRBL, on the other hand, had much better conversion terms, mostly at fixed rates, and most of them are paid off!
In the past, BRBW would only have several new customers per year would be getting the word out about the company and the stock. But with BRBL, we have 154 customers and growing who can be spreading the word.
When/if they drop the hospitality contract news with a known hospitality brand, shares will quickly be in short supply, imo. That's the big gamble.
Just my opinion; not investment advice.
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