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Time has already told the truth for the shareholders.
They were decimated.
Thats a complete lie. 5 billion shares have been converted over the past 12 months of that $13.7 million in debt. Stop spreading bullshit to trap other traders. Anyone can look at the disclosures and see you are lying. A 3a10 settlement is still a conversion of shares for debt.
As previously announced, 1812 Brewing Company, Inc. (the “Company”) had been in discussions with its two convertible debenture (“CD”) holders and a third-party Trillium Partners LP (“Trillium”) to restructure and ultimately eliminate convertible debt, plus accrued interest, that totaled $13,712,779 as of the period ended June 30, 2022. As also reported, Trillium and the CD holders entered into an agreement to transfer this debt to Trillium. Elimination of this debt was and is a top priority for the Company. In 2020 and 2021 alone, the accrued interest on these CDs generated interest expense of $1.9 million. On October 17, 2022, the Company entered into a Settlement Agreement and Stipulation with Trillium (“Settlement Agreement”), subject to court review and approval, whereby the Company agreed to issue shares of common stock to Trillium pursuant to the Section 3(a)10 exemption at a discount of 35%
to the market price (versus a 50% discount that the Company was contractually obliged with the former Convertible Noteholders). Full satisfaction of the Settlement Agreement would discharge the Company’s convertible debenture liabilities for $8,486,342 of proceeds to the former CD holders, which represented a reduction of approximately $5 million (or approximately 37% of the outstanding obligations) to the original CD holders. On October 25, 2022, the District Court of Maryland conducted a fairness hearing and approved the Settlement Agreement. The Settlement Agreement capped the CD obligations by staying further interest accrual, and if satisfied in full, the Settlement Agreement would satisfy the obligations altogether.
Over recent months several factors have made untenable the prospects of fully exercising the 3(a)(10) transaction in its totality. Rapidly rising interest rates and that impact on small businesses like the Company have made market conditions for shares of the Company softer recently than they had been in the months prior, and the prospects of those market conditions are uncertain at best.
On July 12, 2023, the Company and Trillium entered into an agreement to end the transaction after the repayment of Trillium’s first payment of $500,000 to the original debt holders (“Tranche 1”) has been made in full pursuant to the terms of the Transaction. To date, Trillium has been repaid approximately $200,000 of the balance of the note with 4,882,933,000 shares of common stock of the Company having been issued. The Company estimates that the current balance of the debt of Tranche 1 stands at approximately $300k as of the date of this filing. To facilitate the conclusion of this transaction and to cover any additional costs and fees associated with its conclusion, the Company agreed to remit to Trillium an additional 800 million of the Company’s shares upon the full repayment of the balance
of Tranche 1, which shall represent the conclusion of the Transaction. Upon repayment of Tranche 1 in full to Trillium, the debt – having been reduced by $500,000 and with no further interest accrued during the entire period – will transfer back to the two original CD holders. The Company intends to further negotiate with these two CD holders at that time.
There is an agreement for the note holders to not convert until market cap of KEGS reaches $100 million.... its just "paper debt" right now until KEGS price per share reaches about .009. If you, or I, see the $13.7 million in note holders starting to convert before that we will surely let everyone on this board know!
PR about those note holders:
Therefore, 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. It should be noted that neither debt holder has converted into common stock in over ten years, nor have they indicated an immediate desire to do so regardless of price
No one is arguing that point. Yet there is no denying the company is well-positioned and expanding rapidly.
$$$KEGS$$$
The debt is STILL THERE!
You tout the assets, but conveniently ignore the MASSIVE debt!
Actual investors pay attention to the pesky FACTS!
🤡
KEGS has verifiable assets, 4 properties in New York.
KEGS has its own 13,000 sq foot brewery.
KEGS owns and operates 2 restaurants.
KEGS Market Cap is currently ~$1 million (way undervalued).
KEGS is GROWING and EXPANDING!
Good Luck To All Shareholders of KEGS!
Lets Go KEGS! More Good News!
https://www.otcmarkets.com/stock/KEGS/news
$13.7 million of that debt has not been converted in over 10 years and those noteholders dont plan on converting until market cap of KEGS reaches $100 million. Those 2 note holders are living up to the agreement so far. It is there, but technically non existent right now! When KEGS price per share reaches .009 we will address this issue again!
Its not being ignorant, its stating facts that KEGS market cap is currently at ~$1 million with almost $5 million in fixed assets. Sales are increasing year over year and in less than 3 weeks we will see KEGS 1st quarter, which will show an increase in revenue because of the beer sales in Canada.
In the meantime; I will let time tell the truth for the shareholders of KEGS!
Lets Go KEGS! More Good News!
https://www.otcmarkets.com/stock/KEGS/news
LOLOLOLOL
100%scam way over valued.should be at .000001 it will be so in due time
1812 has spectacular assets and ever-increasing beer distribution, incurring $16 million in liability to achieve this. Great company, shame you don’t acknowledge their leaps and bounds accomplishments.
$$$KEGS$$$
So clearly you are either ignorant or choose to pretend that this isn't true?
Total Liabilities $ 16,029,286
Which is it?
🤡
KEGS is way undervalued, not an opinion, it is a fact.... Market Cap of KEGS is ~$1 million and fixed assets (property and equipment) is very close to $5 million.
It doesnt take a genius to figure out what is happening to KEGS stock!
I will let time tell the truth for the shareholders of KEGS!
Lets Go KEGS! More Good News!
https://www.otcmarkets.com/stock/KEGS/news
We’re #4 on the Breakout Boards.
$$$KEGS$$$
Your quote —
“ No one shorts a freakin penny stock, let alone one trading at the very bottom.”
EVERYONE knows that’s bullshit!
It’s possible for a hedge fund to destroy a growing company, but not one growing as fast and successfully as the 1812 Brewing Co.
$$$KEGS$$$
The People On this Board who bash should Take a look at the consistent volume increase, get ready, hopefully the Co decides to not do a RS and then all hell breaks loose in a good way!
we are talking about a hedgie shorting KEGS, not retail, different rules apply...... Its very apparent that KEGS is being massively shorted if you even bothered to look at the ask size getting replenished constantly. Those are the hedgies shares being bought @ .0001, not mine!
Do the math you ask? Trillium had been given ~ 4.4 billion shares with only ~ $200k knocked off what was owed to them. Thats an easy 50% gain @ .0001 and like BoscoLives21 keeps stating the hedgies have been shorting KEGS since early last year when the PPS was much higher! What is the gain on shorting a stock from .0017 to .0001 (then receiving the shares @ .00005)? Big gains there!
I will let time tell the truth for the shareholders of KEGS! Buckle up buttercups!
Lets Go KEGS! More Good News!
https://www.otcmarkets.com/stock/KEGS/news
More hollow words. No proof. For good reason. There is none.
Hey, professor, you’re not picking it up, eh? Shares of $KEGS were naked shorted by one or two hedge funds at higher share prices, .0017 16 months ago till now. No margin requirements since they were counterfeit shares. Now they’re printing up fake .0001s to keep $KEGS cellar-boxed till the reverse, after which they plan to keep right on shorting, pickpocketing investors shamelessly. Only problem with their nefarious strategy is that the 1812 Brewing Co., unfortunately for them, is just hitting the Big Time. Over 10,000 hedge funds, some go belly up!
$$$KEGS$$$
Bullshit again, dimwit. No one shorts a freakin penny stock, let alone one trading at the very bottom. Can you even do math?
If you are capable, let us know the $ amount in marginable securities that MUST be put at risk in order to short, say, 100,000 shares of this garbage...($10 worth)
can you prove your statement? Can you prove KEGS is not shipping beer into Canada? Can you prove that KEGS has not purchased Maggies on the River now called 1812 on the River? Can you prove that KEGS beer has not won awards in the 2023 World Beer Awards?
If you cant prove any of those statements, I highly suggest you refrain from calling KEGS a scam!
In the meantime; I will let time tell the truth for the shareholders of KEGS!
Lets Go KEGS! More Good News!
https://www.otcmarkets.com/stock/KEGS/news
This stock is a SCAM plain and simple.
The biggest lie on this board is the false claim $KEGS has not been massively shorted.
$$$KEGS$$$
Marginable or not refers to legitimately shorted shares, not those that are naked shorted. It’s false and misleading to claim no shorting occurs in the OTC — it most certainly does!
$$$KEGS$$$
LMFAO!!!!! Why are you upset when I post facts about short volume for KEGS????? Let each and every investor interpret factual data the way they want!
KEGS IS BEING MASSIVELY SHORTED!
I will let time tell the truth for the shareholders of KEGS!
Lets Go KEGS! More Good News!
https://www.otcmarkets.com/stock/KEGS/news
YOU ABSOLUTELY MISREPRESENTED THE DATA!
If you weren't trying to mislead board readers... WHAT WERE YOU TRYING TO CONVEY BY POSTING THAT INFORMATION?
💩
I will let time tell the truth for the shareholders of KEGS
You'd better hope that history doesn't keep repeating itself here..... 100% guaranteed that each of the previous reverse splits wiped out any traders that weren't savvy enough to trade in and out..and even that likely was tough.
I didnt lie, I posted factual data that says KEGS had over 99% SHORT VOLUME yesterday! Buckle up buttercups!
I will let time tell the truth for the shareholders of KEGS!
Lets Go KEGS! More Good News!
https://www.otcmarkets.com/stock/KEGS/news
That's fine... BUT STOP LYING ABOUT THE MEANING OF THE FINRA DAILY SHORT REPORT!
💩
I will let time tell the truth for the shareholders of KEGS! Buckle up buttercups!
Lets Go KEGS! More Good News!
https://www.otcmarkets.com/stock/KEGS/news
I will add it to the board's Intro.
These lies are inexcusable!
It's in my post.. I added to it after you replied to me.... these two dimwits are a hoot.
So have you ever bothered to read FINRA's link stating that those Daily Short Report numbers DO NOT indicate actual shorts?
YES or NO?
Need a link?
🤡
Those Short Volume Numbers are not a lie, they are provided by FINRA! KEGS had over 99% Short Volume yesterday......
I will let time tell the truth for the shareholders of KEGS!
Lets Go KEGS! More Good News!
https://www.otcmarkets.com/stock/KEGS/news
Recent Facts of KEGS:
KEGS has verifiable assets, 4 properties in New York.
KEGS is now delivering beer to 45 states plus DC.
KEGS has a new distributor in Jefferson County, New York.
KEGS beer is available to purchase in Canada.
KEGS 1812 beer has won multiple awards
KEGS has purchased a new restaurant in Watertown, NY named Maggies on the River.
KEGS has a restaurant in Sackets Harbor, NY
KEGS has its own brewery processing facility in Watertown that is 13,000 sq ft (different than the restaurant)
KEGS has addressed the $13.7 million in debt and the note holders have tentatively agreed not to convert until market cap reaches $100 million
They aren't stupid... they are hoping some board readers are!
WE know it is a lie...
THEY know it is a lie...
They are hoping some fool doesn't know it is a lie!
☠️
Keep posting that damn nonsense and further illustrate how much of a fool you are.
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.
And it has nothing to do with stocks that trade OTC, and that are not marginable. Period.
11 straight months of .0001's being dumped. KEGS is a worthless diluted pile of shit.
Do your own DD and don't be conned by the paid pumpers on this board. KEGS is 100% and insider enrichment scam. This stock will never be anything of value.
1:1000 R/S scheduled for this quarter per disclosure.
20 billion A/S
10.8 billion O/S
$13.7 million in toxic debt
Never made a profit since inception
.0001 and lower for the past 10 months
12 month high .0002
NO BID for 10 months
CEO has a long history of running OTC scams. Buyer Beware- KEGS is a scam. Don't get duped by the paid promoters on this board.
Dont forget to mention that fixed assets for KEGS alone are worth about $5 million!!!! That number doesnt include business goodwill, which would make KEGS market cap substantially more! KEGS is way undervalued any way you look at it....
I will let time tell the truth for the shareholders of KEGS!
Lets Go KEGS! More Good News!
https://www.otcmarkets.com/stock/KEGS/news
KEGS Short Volume for yesterday: 31,548,519 shares - 99.53 % https://fintel.io/ss/us/kegs
"just show them the facts and watch them spin and squirm" (29YEARINVESTOR)
Lets Go KEGS! More Good News!
https://www.otcmarkets.com/stock/KEGS/news
Sure it’s a submission from an honorable American, as good a place to start on the topic of cellar boxing as any. And then you can do your own research on cellar boxing. Once you’ve done that, I’m sure you’ll recognize instantly that indeed $KEGS has been temporarily cellar boxed with billions of phantom shares, but unfortunately for the hedge fund shorters, the 1812 Brewing Co, is just hitting the Big Time!
$$$$$$$$$$$$$$$$KEGS$$$$$$$$$$$$$$$$
Do you not realize that was nothing but a submission by an unknown person to the SEC? It's mindless conjecture. Like everything you and RMS post about the non-existent shorting problem.
Not ideal, but market cap is just over
$1 million, which is outrageously low.
GO $KEGS!!
Here’s one, and there are plenty of others —
https://www.sec.gov/comments/s7-18-21/s71821-20145058-309745.pdf
RMS posted this at least once to you, so I thought the question answered. Also, again, why should I answer your questions when you don’t answer mine?
Of course the SEC is aware of cellar boxing and has published documents about it, because it exists and is of concern to small companies and shareholders under attack by organized shorting of their shares.
CELLAR BOXING IS A FACT
$$$KEGS$$$
Absolutely false, professor! FINRA’s short interest numbers that you and Veronica often post do not include phantom shares, which are never borrowed in the first place.
Some companies are junk and some not in the OTC.
Clearly you are unable to distinguish the two.
$KEGS IS A GEM 💎
$$$KEGS$$$
Thanks for posting the SS, RB. It’s increased over 7 Billion shares in a bit over a year. Yikes, indeed!
No it hasn’t. It’s always been complete fabrication and myth. CMKM tried the same thing, do you know who they were?
Can you show me a regulatory document describing the term "cellar boxing", then provide a regulatory document discussing "cellar boxing" as well. I asked you this same question long ago, crickets.
Yawn:
Unrestricted, as of today--
8,486,595,465
o/s--
10,804,739,557
As of December 31, 2022, the number of shares outstanding of our Common Stock was: 3,570,806,557
As of March 31, 2023, the number of shares outstanding of our Common Stock was: 5,055,401,557
Yikes
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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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