Replies to post #47919 on BrewBilt Brewing Co (BRBL)

[shajandr]

No, because filing BK would lett the numerous creditors to become majority stockholders as a result of a Chapter 11 bankruptcy. The insiders like Stillwaugh want to stay in their yobbs and draw salary, benefits, and medical insurance.

And they keep on filing to stay current because toxic financing agreements usually REQUIRE the company to stay current so Rule 144 is available to the CONverters to CONvert their floorless debt into free trading, newly issued shares. If the company fails to stay current, there are usually huge penalties AND a default claim to the creditors.