Replies to post #49881 on BrewBilt Brewing Co (BRBL)

[NagStocks]

People are investing in the 250MM deals that just happened.

Once first payments comes through. Then they can easily pay off rest of the debt.

Their balance sheet will change drastically with these deals.

Now just waiting confirmation of payment.

[Nistel]

Indeed. Very bad 10-K. SIML itself still a dead company with huge toxic debt. Satel is a low-grade failing business with significantly less revenues than in previous year. No mention at all of the 250MM "guaranteed revenues" which would be a very significant subsequent event required to be included. The absence of this item underlines clearly that it is simply BS which an auditor would not approve to have this in their signed report.
Fully diluted share count going close to 2Bn shares required, so at one point they have to raise AS (now 900MM) to comply with their coverage convertible debt > share availability.

And Donna Murtaugh (Scott Sand) is still there as a preferred shareholder.

As stated earlier here, no surprises in the 10-K some people were anxiously waiting for. Definitely not a game-changer.