![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, May 02, 2023 5:05:07 PM
Sales are moderate, but certainly better than Q3. Their graph shows about $23,000 per month in revenue in the most recent months and leveling off.
- Beer sales last year were $96,750. Their graph of Net Sales shows they were averaging about $20,000 per month last quarter, essentially my worst case expectation; maybe one 4-pack sold per store each day, but still over 1.7 times the revenue of Q3. I was hoping for much more.
- Dilution brought us to over 6.5 billion outstanding shares.
- Additional 4th quarter convertible notes look to be about $455,000. With sales just very slowly accelerating, guess they were taking out more notes this quarter as well. They need that taproom to open ASAP. No mention of it in the filing except for the lease that we already knew about.
Basically, they might have a lot of accounts already, but they're not going anywhere fast, unless they surprise us with that hospitality microbrewery franchise contract, which I didn't see mentioned in the filing anywhere either.
Back to the waiting game for that contract to go through. Without a massive increase in sales, like from the taproom or the contract, looks like more convertible notes and dilution will continue. I'll still give it another quarter to see if the hospitality contract fixes everything.
Recent BRBL News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 09:11:29 PM
Element79 Gold Corp Appoints Warren Levy to Board of Directors • ELMGF • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM