BrewBilt Brewing Co (BRBL)

[downdraft]

Ever since insiders converted preferred shares into billions of shares of common stock last year, I became much more optimistic that they would not do anything that would hurt shareholders. I was further encouraged by the large amount of promissory notes that they have been getting for funding, rather than having to rely exclusively on convertible debt.

My expectation of a reverse split wasn't for the purpose of diluting shareholders by raising more convertible debt, rather simply to readjust the share structure to be more in line with other public companies in the beer industry. I figured some people would panic sell anyway so I could scoop up a lot more shares before the price quickly returned to its' original post-adjusted price, with no loss in actual value.

I think the growing taproom and wholesale sales will be enough to allow them to grow steadily but I really wanted to see the hospitality franchise contract or Phase II brewery at least break ground this year. Hopefully they'll surprise me yet!