Replies to post #21175 on BrewBilt Manufacturing Inc (BBRW)

[justinbailey]

That's a good question, I've only heard of it a few times as a requirement, but I've never seen it set in stone anywhere. I've talked strange pennystock rules with a few buddies that wear their CFA certs around their necks and they look at me like I have 3 heads, so it's probably one of those OTC-only rules no-one knows about.


Here's a somewhat recent example of both happening at the same time though:
https://www.marketwatch.com/story/etsy-offering-650-million-of-convertible-debt-will-use-part-of-proceeds-for-share-buybacks-2019-09-19

Here's an older one, again, not from OTC:
https://www.streetinsider.com/Corporate+News/Guess%3F+%28GES%29+Announced+Offering+of+%24250+Million+of+Convertible+Senior+Notes%2C+to+Reduce+Dividend%2C+Accelerate+Buyback/15392134.html

[flaflyersfan]

lordboozio, a company cannot buy back stock while obligated to issue stock;

Think about it; instead of paying those who lent VNTL/BBRW money the company chooses to buy stock with cash? The lenders would not be happy. VNTL announced a stock buyback and never bought a share and buy backs are a 1990's stock ploy that raises a red flag, especially when it is confirmed that BBRW is diluting like there is no tomorrow.

I hope those 2 guys working can produce 10-20 times the amount of equipment that BBRW has ever sold to match those numbers in the Press Releases.

Good luck