BBRW's dilution history was horrific. That's why I like it. Everybody always claims that CEO's are the problem but in many cases it's just naive CEO's at the outset who have no clue about the perils of convertible debt, forcing them into a toxic debt spiral. My gamble is that this company wants to become a big league player someday, competing with, or partnering with, Sierra Nevada Brewing, and they're not going to be able to do that using toxic debt alone.
In the past year or so, key management finally has real skin in the game as they converted large amounts of preferred shares to common shares. Plus, a lot of other preferred shareholders converted their stock to common shares as well. It's in the filings. The share structure is reasonable now for an OTC company and revenues are growing fast, giving them a chance to become a beast of a beer manufacturer.
The one key thing that gave Sierra Nevada Brewing a stealth advantage was the CEO over there also manufactured his own equipment. That can save any startup a ton of money when scaling to become a regional size brewer. We know that BrewBilt has ambitions to grow because of this site plan filing from almost 2 years ago.
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