Replies to post #23420 on BrewBilt Manufacturing Inc (BBRW)

[kennypooh]

Don't forget that as the share price goes lower it takes more shares per dollar amount of any note being converted. All conversions thru June 30 need to be listed in the 10-Q as well as any others converted in the 45 days since (they must be shown under Subsequent Events).

[Hobo Joe]

Thank you Gnarlyman. I saw that in the 10Q for the first quarter, they reported around 34 million shares. That almost falls in line with the 80% increase per month... I'd really like to have the OS numbers for the past 90 days. If they are still churning out 80% each month in July and August, their promises of a $1.5 million buyback are less than exciting.

Assuming that dilution came to a crashing halt (that is a BIG assumption based off of absolutely nothing), that buyback would equate to 15% to 25% of the OS depending on what happened with the stock's value over that period of three months.

In the absolute best case scenario, they initiate the buyback and the stock price doesn't respond and stays around .004 (so they can maximize the number of shares bought back). This would work out to them buying back roughly 8% of the OS per month. If they followed through with this without fail (again, no supporting evidence), it would take them six years just to get the OS back to what it was Jan 1 2020... which of course wouldn't happen because they stated that the buyback period ends in December.