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Wednesday, November 29, 2023 10:10:29 AM
In the past year or so, key management finally has real skin in the game as they converted large amounts of preferred shares to common shares. Plus, a lot of other preferred shareholders converted their stock to common shares as well. It's in the filings. The share structure is reasonable now for an OTC company and revenues are growing fast, giving them a chance to become a beast of a beer manufacturer.
The one key thing that gave Sierra Nevada Brewing a stealth advantage was the CEO over there also manufactured his own equipment. That can save any startup a ton of money when scaling to become a regional size brewer. We know that BrewBilt has ambitions to grow because of this site plan filing from almost 2 years ago.
https://brewbiltbrewing.com/phase-ii-site-plan/
I'm gambling this becomes a rare turnaround play, going from an egregious dilution play to a stealth revenue/profit play.
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