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Wednesday, December 20, 2023 10:29:57 AM
The reason I'm here for the long haul is because slow and steady growth can win the race here. The new distributor should allow them to get into many more Safeway and Grocery Outlet stores, as well as restaurants and bars, steadily growing the revenue and the BrewBilt brand. And the taproom will help as well, though for the winter months they probably would have been better off with big screen tv's for the football season. The biggest taprooms around here act like sports bars as well with many televisions playing different games.
In 2024, I expect to see more promissory note funding backed by convertible shares, hopefully to get another taproom started. And when the loans come due from some of last year's notes, I expect about 1 billion shares of dilution for every $100,000 note, as a ballpark figure, fully expecting the outstanding shares to swell. But with Bennett having put in $460,000 of his own money last year, and other funding looking like it's coming more from friends and associates rather than toxic lenders, I think the turtle will eventually win the race here.
If insiders, friends and associates appear willing to gamble $100,000 - $200,000 each for the success of the business, I don't mind gambling a fraction of that. If they all end up with 1 billion to 2 billion shares each, then a 100 to 1 reverse split down the road still gives them 10 million to 20 million shares each, at a penny. Longer term revenue growth that could triple or quadruple every year, like is starting to happen, could turn BrewBilt into a beast of a brewery down the road, sending a penny price soaring.
That's how I'm playing this one for the long haul. Just my opinion; not investment advice. I'll just continue to slowly collect shares for the long haul.
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