BrewBilt Manufacturing (BBRW) Continues to Move Up: Time to Book Profit?

The BrewBilt Manufacturing Inc (OTC: BBRW) stock could be on the radars of many investors who are interesting in backing stocks that might be gaining momentum.

Although there have been no recent developments with regards to BrewBilt in recent days, it could be worthwhile for potential investors to take a look at development from back in November last year. At the time, the company announced that it filed an 8-K and had successfully bought back as many as 70,025,000 shares of the common stock in the company.

BrewBilt paid $0.002 per share and hence, ended up spending $140,000 for repurchasing the stock. The shares in question have been locked up in the company’s treasury. Earlier in the same month, the company revealed that it generated sales of as much as $1 million for the period ending on September 30, 2020. That was a significant rise from the $500,000 generated in the year-ago period. The net profit also jumped to $700,000 from only $100,000.