Replies to post #24370 on BrewBilt Brewing Co (BRBL)

[Big_John]

Awesome! How long has that been there?

[Nistel]

Still my previous question remains how the company is going to pay for their operating expenses before they even can start drilling (if ever). They have no cash!

The Company does not have sufficient cash to fund its desired exploration for the next twelve months. The Company has arranged financing as described in Note 7 and intends to draw upon this financing arrangement to fund exploration, production and administration. This financing may be insufficient to fund expenditures or other cash requirements required to find, develop and exploit oil and reserves to the point of profitable operations. There can be no assurance the Company will be successful in finding oil and gas reserves. The Company plans to seek additional financing if necessary in private or public equity offering to secure future funding for operations. There can be no assurance the Company will be successful in raising additional funding. If the Company is not able to secure additional funding, the implementation of the Company’s business plan will be impaired. There can be no assurance that such additional financing will be available to the Company on acceptable terms or at all.

But wait, I think I know the answer:

On August 2, 2013, the Company increased the authorized share capital of the Company from One Billion Five Hundred (1,500,000,000) shares authorized to Two Billion Five Hundred (2,500,000,000) shares authorized, par value $0.001.

[Nistel]

By the way you miscalculated this outdated info, which lies more than 1.5 years in the past (early 2012).

It should be $ 410 millions, not $ 4.1 billion. Check again for yourself. Plus if you calculate back, it should be on outstanding stock of 127M, which is already more than 700M as by the latest Q, and with the 1 Billion A/S increase should be much higher right now).

But a company so focused on pumping their own stock is not trustworthy IMO.