BrewBilt Brewing Co (BRBL)

[downdraft]

Okay, update on the number of outstanding shares today. It jumped from approximately 9.028 billion shares to 9.469 billion shares, an increase of about 441 million shares. That's far less than I had expected. If that $200,000 loan had defaulted on the 30th of December, allowing them to receive convertible shares that could convert at half of the closing price, there should have been 4 billion new outstanding shares.

So, who knows what happened. Maybe the new shares are from other convertible note or preferred shareholders. Or maybe only some of the shares were converted. Maybe the lender gave the company an extension of time or all or part of the note? No way to know what took place at this point. But we should see what happened when the quarterly filing comes out in the not-too-distant future. Still, it's better than I had foreseen.

If we get lucky, stronger revenues and profits will finally come into play this year, allowing BRBL to finally start clearing their debt in earnest. Still nibbling away at shares. If I could get another runner, I would add more shares here. I should have a runner this month on my movie stock so keeping my fingers crossed that I can get a bunch more shares here.