BrewBilt Brewing Co (BRBL)

[downdraft]

I guess they're not done converting; another 300 million shares in the past hour. Don't know if it's from the notes or from convertible preferred shares. Filings could hit as early as Monday morning. Revenues could be either good, but hopefully stellar. If they had stellar revenues, they might have been able to pay off some of the convertible notes, with a very steep penalty, but it looks like they just want to let them all convert.

Since I'm in it for the long haul, I still have half of my intended investment in cash in case they hit us with another reverse split. But notice how BBRW is recovering from their reverse split. Plenty of conviction here it seems.

Back in June, BRBL had very ambitious projections for 2022 revenue - like over $650,000 for the year, but that was likely from expectations of having far more customers than they have now. They already had $154,000 in Q1-Q3, so I don't think they're going to make that $650,000 number. They might do $100,000 to $150,000 for Q4, which should be doable. That would work for me, maybe 3 to 4 times Q3 revenues. That wouldn't be bad for just launching the brewery about 9 months ago.