Replies to post #44965 on BrewBilt Brewing Co (BRBL)

[bucks2pennies]

SIML. Thanks Janice on the confirmation. Yeah, it is impossible to know their intent. It does give credence to 'getting serious'. More inclined to give them the benefit of doubt and say that such a tight range on A/S-O/S does encourage me that they are. No proof, just gut.

I would not think they have 6 months to raise both, they are cash strapped and it is unknown as to 'real sales' and its ability to support operations. If not, I would say signs should be provided before EOY for any new share increase.

Right now, A/S and O/S limitations, if kept, would, if any positive sales agreement materialize, push the pps up.

Worth the gamble for me given that so little is available as to DD. Could be that the management is in fact getting serious.

[kennypooh]

"That was an unusual move, but I suppose they think it makes them look "serious". My guess is that they'll be raising the a/s again within six months; after all, it's not hard to do."

Janice...Looks to me like SIML management issued most of the shares in the new O/S to themselves on Aug 3, then lowered the A/S Aug 16 to 168,000,000 to effectively block any additional conversions by any old note holders??

They issued 136 million free shares to themselves (the shares cost them nothing as they contributed nothing of verifiable value).

From the latest 10-Q:

"ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
2. Subsequent Issuances:

On August 3, 2016, the Company issued 34,090,909 common shares to each of the Beneficial Shareholders, which totals 136,363,636.

On August 3, 2016, the Company issued 174,581 preferred Series-A shares to each of the Beneficial Shareholders, which totals 698,324.

These securities were issued pursuant to Section 4(2) of the Securities Act and/or Rule 506 promulgated thereunder. The holders represented their intention to acquire the securities for investment only and not with a view towards distribution. The investors were given adequate information about us to make an informed investment decision. We did not engage in any general solicitation or advertising. We directed our transfer agent to issue the stock certificates with the appropriate restrictive legend affixed to the restricted stock."

[Nistel]

Well that could be really true in near term. Just found that the other Fullofcrap scam SRGL/GMGI as an almost identical copy of the former GRPR (now SIML) made the same trick going back from 8B AS to 1B post-split and just raised again 4 months later to 3B during last August. They are back in trips now after some serious dilution.

All other events happened practically the same as with GRPR/SIML. So it's a good blueprint what is about to happen here.

http://www.nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=8BiwMkqxqviCf33GFokADQ%253d%253d&CorpName=GOLDEN+MATRIX+GROUP%2c+INC.

[Nistel]

And guess what, there was a 40k Wolf promotion as well back in July, just before releasing some fluff PR. Sounds familiar? :-)