Post by
SIGG1 on Feb 26, 2024 8:50am
Bankruptcy?
how much longer do they have?
Comment by
TheCount11 on Mar 02, 2024 8:48am
The board should have recapitalized the company a long time ago. A $18M equity offering will put the company on a solid footing.
Comment by
malx1 on Mar 02, 2024 11:09am
That would dilute existing shareholders by -66% I see this ship going BK, maybe someone buys the brand for a few bucks and keep brewing 1 or 2 of the old recipes privately.
Comment by
SIGG1 on Mar 02, 2024 8:56pm
for how much do you think? 25 cents a share?
Comment by
malx1 on Mar 03, 2024 6:26pm
Not sure who wants to buy shares in BR on its way to zero. If company goes bankrupt, their common stock will be $0. Sure they could raise cash by selling equity but that ship sailed years ago when Income Trusts folded. Not interested in owning this at any price. Going to watch the fire burn. Maybe cook a hotdog.
Comment by
malx1 on Mar 03, 2024 6:28pm
Dead money. Unfortunately BR didn't keep pace with craft peers. I don't see a turnaround here, I could be wrong but probably not. Ya, I used to own part of a craft beer co. Sold it when everybody and their grandma started brewing beer in the basements.
Comment by
TheCount11 on Mar 06, 2024 10:25am
I watched Big Rock management flush the company down the toilet over the last decade. Sad. Was the stock a screaming sell when the Etobicoke Brewery opened in September 2016? Easy to look back and say yes.
Comment by
SIGG1 on Mar 06, 2024 3:46pm
what a bunch of crooks, and I bet you that the new CEO is not even going to buy 1 share with his own money. Just gonna collect his fat salary and stock options to do a shiitty job.