Until they get cash flowing from the taproom (maybe $10,000+ in profits per month during the tourist season), or sign that hospitality contract, dilution is the only way I see they can continue.
Maybe I'll buy more shares. One thing encouraging from the last 10-Q is this...
Other related party transactions
During the three months ended March 31, 2023, Jef Lewis converted 1,211 Convertible Series A shares, valued at $325,153 in to 1,260,160,000 shares of common stock. The common stock was valued at $1,456,522 based on the market price on the date of the conversions, and the company recorded a loss on conversion of $1,131,369 to the statement of operations.
During the three months ended March 31, 2023, Bennett Buchanan converted 689 Convertible Series A shares, valued at $184,997 in to 1,849,965,000 shares of common stock. The common stock was valued at $554,989 based on the market price on the date of the conversion, and the company recorded a loss on conversion of $369,993 to the statement of operations.
Management suddenly has some skin in the game! Still, while I wait, my BDP$ stock is working for me but I could have used more cash to put into there.
I still think July 4th could be the opening date for the taproom. The best I can tell, I think the stone wall gets filled with concrete in the center with flat stones placed on top. Looks like it's being designed to be a sitting wall, allowing a lot more customers to hangout during some festive events. I'll bet the place gets packed this summer, allowing the cash to flow in!
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