BrewBilt Brewing Co (BRBL)

[downdraft]

Sweet! Did a quick glance. They still have a long way to go financially, as expected, like tons of convertible debt in default. However, last year was key for me as insiders converted preferred shares to a boatload (around 3 billion shares) of common stock.

Plus, promissory note holders from last year got some more preferred shares on loans that were due. Plus I saw another new $150,000 promissory note issued in December. Lots of willing players are taking convertible preferred shares which mean they're on board for the long haul, IMO.

Overall sales were slightly higher than expected and they mentioned the new distributor could lead to many more accounts!

Tap room did over $70k in sales in their first partial month; I assume that means they did a fair amount of membership sales at the outset. Can't wait to see 1st quarter sales as a result of the new beer distributor. That should tell us a lot about that side of the business. Should see that report in just over a month from now.

No signs of anything about a Phase II taproom or brewery but maybe the 1st Quarter filing will shed more light.

All in all, still stoked, for the long haul of course. It simply takes a lot of time to get a large brewery off the ground. I can easily give them another 2 years before they solidify their financial situation. I'll just slowly load along the way.