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At the pace the shares are being sold, it's logical to assume that it's not debt conversions.
Another OS increase reported. Edging closer and closer to the 10 billion AS. Its not a question of if there will be a R/S, its when will the R/S hit.
LOL this stock and company are pure shit. With $13.6 million in debt to ALL be paid in common stock this will end up with 2 or 3 reverse splits before its all said and done. SMH
There will be no reverse split in the near term IMO.
If the electrical is there then they can take their time with the rest as far as completion goes. As long as the basic structure is intact and upgraded, the rest will eventually come. Now whether the huge block sells were debt conversions or Tom selling to purchase equipment no one can say.
The PPS spike was not anticipated by Tom. That's why he did the share reduction after. To keep momentum going and hopefully find a buyer for the offering at .005 which would've solved a lot of problems. Now they're in a difficult spot with the debt. The other beer play is in a better position at this point in time but don't count KEGS out just yet. LCBO approval is still a few months out IMO.
what the hell happen over here,i told some peeps that no bid was coming,they didnt listen they should have gotten out when i did. oh well we live and learn.
The upcoming reverse split will probably taste even better then.
I could try to cruise out there for a fishing trip or two. Judging by the state of the lot at best it looks like they just got the bakery stuff out recently and are in the process of upgrading the building infrastructure to support the new business.
I was surprised not to see 1812 in cans. If I had to rate the beer now that it has cooled it tastes like a skullspliter light. https://www.beeradvocate.com/beer/profile/118/402/
It's not as heavy alcohol wise 5% as well the flavour isn't as forward. Carmel aftertaste is most similar
https://www.beeradvocate.com/beer/profile/462/1885/
All it has been or ever will be is a resort pub that sells beer on the side. And loses money every year they operate. That is until the debt spigot is turned off. Then they go out of business.
The end is nigh. Enjoy.
Thanks, would it be possible for you to keep us posted on any progress since you are nearby.
So I made a recon trip up to Watertown
Good: I was able to pick up two 6packs bottles of 1812 for $9.99 at the local grocery. Reasonable price and was both in the cooler and warm on end caps.
Bad: With the new canning operation in place I expected to find cans... So I went past the brewery. 1pm on a Monday one car out front no lights on inside. Around back looks like a scrap heap of old bakery counters and shelves. (Prior business there was a bakery). On a positive it does look like there was a large upgrade to the buildings power system (recent construction).
Overall looks like there is progress but it seems like things aren't there yet. Would have been cool to pop in and grab a taster at the brewery or buy direct there.
Didn't make it out to Sackets Harbor location they open at 4PM.
Great news lololol.
The news was so great that investors have lost nearly everything.
Well there was some great news up until 1-27-23 and a few nice runs.
Then Radio silence. What happened?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171057682
1812 Brewing Company Shareholder Update Press Release | 01/27/2023
-- Company Progressing on Several Fronts --
https://www.otcmarkets.com/stock/KEGS/news/1812-Brewing-Company-Shareholder-Update?id=387872
WATERTOWN, NY / ACCESSWIRE / January 27, 2023 / 1812 BREWING COMPANY, INC. (OTC Markets:KEGS) (the "Company" or "KEGS") is pleased to update its shareholders and the market on several fronts as the Company progresses forward with its strategy.
1812 Brewing Company has presented a potential acquisition candidate an Indication of Interest ("IOI") letter, which has led to in-person meetings with top management at the target. We expect these meetings to occur in the following weeks, and we seek to derive from them a binding Letter of Intent ("LOI"). This acquisition - if transacted - would be potentially transformational for 1812 Brewing Company in that it would allow the Company to show "proof of concept" with our brewery network strategy. The deal is contingent upon final terms and financing.
1812 Brewing Company's entrance into the Canadian market is progressing
. As stated previously, the Company has chosen to enter the market in the Province of Ontario and, as such, is applying for product approvals with the Liquor Control Board of Ontario ("LCBO"). As products are approved it would clear the pathway for any to be sold at up to 450 of The Beer Store (www.thebeerstore.ca) locations and possibly through the LCBO's own stores (Wine Spirits Beer | LCBO), which are approximately 650. As this process continues, management will be sure to update shareholders.
Management is also considering investments and acquisitions outside the beer market with beverages that we feel are complementary to our own. To this end, we have begun initial discussions with a bourbon brand that has achieved numerous awards and gained immense popularity in a relatively short period. The talks have just begun, and we will be sure to also update you if these discussions develop further.
Finally, also as previously announced, 1812's flagship product continues to be sold on TapRm.com's website direct-to-consumers in 45 states plus Washington DC at:
https://1812-brewing.taprm.com/all-products
Sales at TapRm.com remain strong, and we hope to add additional products to our portfolio there.
Thank you for your continued support, and we look forward to updating you all on the Company's developments and continued progress.
1812 Brewing Company Inc., Friday, January 27, 2023, Press release picture
About 1812 Brewing Company ("KEGS or the "Company"):
KEGS is an operator of and investor in companies in the craft beer industry. The Company seeks to build a nation-wide network of craft breweries to develop and foster respective brand growth at the local, regional, and national level. KEGS looks to build a network wherein certain economies of scale can be shared across it such as production, distribution footprint expansion, inter-member contract brewing, new product development, sharing of best brewery practices and scale logistics and transportation. The network is to be built through investment by 1812 Brewing Company while maintaining the members' respective local and regional uniqueness, brand autonomy and direct involvement with its consumers. The Company seeks to be an "incubator" of growth for its holdings in the industry.
The Company's current holding, 1812 Brewing Co., produces award-winning beers such as War of 1812 Amber Ale ("1812 Amber Ale"), 1812 Light, Hazy Oasis Pale Ale, Thousand Islands IPA, Malicious Intent XX IPA, Route 11 Lager, Railroad Red Ale, Helles Bells Pilsner, St. Stephens Stout, Third Rail Porter, Featherhammer Maibock.
For more updates follow us on our Website, Facebook, Twitter, Instagram and Linkedin.
https://www.kegsnetwork.com/
https://www.facebook.com/kegsnetwork/
https://www.instagram.com/kegsnetwork/
https://twitter.com/kegsnetwork
https://www.1812ale.com/
https://www.facebook.com/1812brewingcompany/
https://www.instagram.com/1812brewingcompany/
https://twitter.com/1812Brewing
https://www.linkedin.com/company/1812brewingcompany/
Contact Name: Tom Scozzafava
Contact Phone Number: 315-788-1812
Contact Email Address: contact@1812ale.com
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
SOURCE: 1812 Brewing Company Inc.
View source version on accesswire.com:
https://www.accesswire.com/737052/1812-Brewing-Company-Shareholder-Update
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Down 99% to .0000001. Now that's impressive LOL
Can you shed any light on what Scozzafava has done here?
It would likely help retailers to learn how Scozzafava operates.
I must have missed it.
Where's the dividend?
When the public tires of buying .0001 stock the whole process will reset with the reverse split.
Hell, Scozzafava may even hire a new crew of non disclosing promoters.
Volume has dried up on this NO BID POS. Bring on the R/S
I feel bad for all the non disclosing promoters who got stiffed by Scozzafava.
Right up there with Goldman and Blackrock posts owning massive positions here. BS here is amazing.
Here is the kicker according to the terms of the Section 3(a)(10) exemption.
Now the price of future debt settlement shares will be priced at a 35% discount to .00005 shares.
When the appetite for buying .0001 shares fizzles out by those trying to play the Greater Fool theory game on their fellow man - that's when the reverse split happens.
And there will be at least 9 to 10 million worth of shares to sell to marks after that.
Amazing that some have no shame. When obvious BS was refuted with undeniable proof, most liars would hide under the table in abject embarrassment.
Glad to see there are some other long holders!
Except week hands outweigh strong hands by 1000:1, wasn’t this piece of shit suppose to be .002 by now, hilarious..
Yes, our Strong hands are very happily Stealing those Dirt Cheap shares at the Bottom price 0.0001 from the Scared weak hands by the False-Speculated "R/S"!
Note, the OS has been the FIXED at 5.5B shares since April 7, 2023! So, ZERO dilution in a week!
In fact, on January 9 when KEGS hit 0.0017 its OS was 7B shares! Later on the company did Reduce the OS Significantly after 01/09/2023. Now the OS is only 5.5B shares though it was increased most recently from as low as 3.5B shares!
So, KEGS will surge to 0.0022 very soon in order to have exactly the Same Market Value as its previous MV on 01/09/2023 because 7B x 0.0017 = 5.5B x 0.0022!
Well, I'm out of here. Let's see how well 1812 does after my email. One good turn deserves another. Chow!
Only takes a phone call to the Canadians to drop the deal with these people. Save themselves from being scammed.
Call the DA and have their business license revoked.
Because it's so flipp'n funny how people are getting robbed...LOL. I was introduced to the beer, and to me, it was shit. I had much better in Europe.
Looks like 1812 Brewing did a great job in stealing people's money here. Glad I got out when I did. Took $100.00 loss, but better than losing everything.
And don't let anyone tell you that an R/S is good. I know from experience.
Better to get some of your money back rather than none at all...LMAO
PEOPLE BETTER SELL BEFORE R/S. Think you'll be losing money now...LOL...wait until the R/S...LMAO.
Even all the clowns who recently bought .0001 shares hoping to flip on some dumber bloke will be wiped out.
LOVE IT
.00005 now
What a fine investment.
NO BID so next step is R/S. That 3a10 settlement will be the death of this stock
Lol, that was my point..
Right. Because the ask is now .0001
Painter got fired.
Thar she blows Captain !!!
Oh yeah that's right.
LOLOLOLOL
Correct, it’s not debt converters, it’s a few flippers..
No debt conversions until KEGS reaches a market cap of 100 million... - Tom Scozzafava
And the kicker is people believed him.
Or at least professed to believe him.
Close to 600 mil stacked on 1s. Ceo has no shame in his game.
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Moderators rbtree Stock_Barber Huggy Bear |
1812 Brewing Company is a brewery open year-round in Sackets Harbor, NY. We are also opening a second location in Watertown, NY and you can buy our beer throughout upstate New York!
Looking forward to hosting you soon!
1812 Brewing Co WINS U.S. Gold in 2022 World Beer Awards -- 1812 Amber to compete against winners from around the world!
WBA global awards select the very best across styles & award & promote the world’s best beers to consumers & trade partners across the globe!
~1812 Brewing Company Wins Two U.S. Gold Medals and Wins World Gold Medal in 2023 World Beer Awards~
https://www.otcmarkets.com/stock/KEGS/news/1812-Brewing-Company-Wins-Two-US-Gold-Medals-and-Wins-World-Gold-Medal-in-2023-World-Beer-Awards?id=419462
Delinqueint Debt Addressed:
"I have had subsequent discussions with each of the debt holders,
and they have tentatively agreed to continue to waive any accruing interest
as well as to abstain from any conversions until the market value of the Company exceeds $100 million."
https://www.otcmarkets.com/stock/KEGS/news/1812-Brewing-Company-Addresses-Outstanding-Convertible-Debentures?id=385470
Market Cap = ~ $1 million
Outstanding Shares: 10,804,739,557 03/04/2024
Restricted Shares: 2,318,144,092 03/04/2024
Unrestricted Shares: 10,486,595,465 03/04/2024
Recent News:
New Restaurant Purchased
Direct to Customer Sales (45 States)
Available in Canada
More Awards!
Available at Price Choppers Supermarket
https://www.otcmarkets.com/stock/KEGS/news/1812-Brewing-Company-Executes-Definitive-Agreement-to-Purchase-Business-and-Assets-of-Maggies-on-The-River?id=426425
https://www.otcmarkets.com/stock/KEGS/news/All-of-1812-Brewing-Companys-Medal-Winning-Beers-Made-Available-Direct-To-Consumers-in-45-States-Plus-Washington-DC-with?id=425033
https://www.otcmarkets.com/stock/KEGS/news/1812-Brewing-Company-and-The-Beer-Store-Initiate-49-Store-Rollout-of-Gold-Medal-Winning-War-of-1812-Amber-Ale?id=424594
https://www.otcmarkets.com/stock/KEGS/news/1812-Brewing-Company-Brings-Home-Bag-of-Winning-Medals-from-2023-Brewski-Awards?id=422641
https://www.otcmarkets.com/stock/KEGS/news/Price-Chopper-Supermarkets-to-Carry-1812-Brewing-Companys-New-Helles-Bells-Lager-as-well-as-Route-11-Lager?id=417636
Good Luck To Everyone!
1:1000 R/S filed on 3/14/2024
https://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2024%5C0318%5C25746295.Tif&documentNumber=P15000038934
NOTE: The FINRA Daily Short Report does NOT represent naked shorts! Boards where it is used to try to trick inexperienced investors signal a SERIOUS RED FLAG! Read FINRA's own explanation below
https://www.finra.org/investors/insights/short-interest
What Short Interest Is Not
In addition to short interest data, FINRA also publishes short sale volume data. The daily short sale volume data provides aggregated volume by security for all off-exchange short sale trades. This data excludes any trading activity that is not publicly disseminated and is not consolidated with exchange data.
Some market participants mistakenly conclude that the bimonthly short interest data is understated because the Short Sale Volume Daily File reflects volume that is much larger than the positions reported as short interest. However, short interest position data does not—and is not intended to—equate to the daily short sale volume data posted on FINRA’s website.
The short interest data is just a snapshot that reflects short positions held by brokerage firms at a specific moment in time on two discrete days each month. The Short Sale Volume Daily File reflects the aggregate volume of trades within certain parameters executed as short sales on individual trade dates. Therefore, while the two data sets are related in that short sale volume activity may ultimately result in a reportable short interest position, they are not the same.
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