Replies to post #69256 on BrewBilt Brewing Co (BRBL)

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Yet, they always find a way to move forward here. Just like the new lease agreement they signed last year for the taproom in Nevada City. Somehow they find a way!

From the 10-Q...
"On August 26, 2022, the company entered into a commercial lease with 4-Corners LLC to establish a Tap Room as part of its brewery revenue. The space is located at 300 Spring St, Nevada City, NV 95959, and the lease has a term of five years, from September 1, 2022 through August 31, 2027. The rent is $3,000 per month from September 1, 2022 through December 31, 2022, $3,500 per month from January 1, 2023 through August 31, 2023, $3,800 per month from September 1, 2023 through August 31, 2024, $4,400 per month from September 1, 2024 through August 31, 2025, $4,700 per month from September 1, 2025 through August 31, 2026, and $4,914 per month from September 1, 2026 through August 31, 2027. On September 1, 2022, the Company recorded of ROU assets of $212,040 and lease liabilities of $212,040 in recognition of this lease."

It's amazing that given their poor financial condition they always seem to be able to negotiate their way forward, just like I think they will do with the 12 acre, Phase II microbrewery.

[downdraft]

Plus, they make all kinds of deals to keep growing, like this deal with SRAX, also from the most recent 10-Q.

"On September 27, 2022, the Company entered into a Platform Services Contract with SRAX for marketing advisory services and platform fees for a period of one year in the amount of $300,000, to be paid in Convertible Preferred Series A stock."

SRAX is a substantial company, yet even they were willing to provide services in exchange for Convertible Preferred Series A stock. Though they could have been converting some shares recently, I figure if they're willing to accept shares in the first place for future services, my bet is they they'll hold some of their shares for the future. They must be believers as well!