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I'm still reading through the whole disclosure.
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Is what it is, maybe better in the long run. That is if they plan on reporting and uplisting.
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Note 8 – Subsequent Events
Pursuant to the above-mentioned 3(a)10 settlement, Trillium has been issued an aggregate of 4,882,933,000 shares of the Company’s common stock to date of which 716,102,000 shares were issued after December 31, 2023. On March 1, 2024, Brian McLain elected to convert the balance of the $200,000 convertible debenture issued to him into 2,000,000,000 shares of restricted common stock of the Company.
On March 14, 2024, the Company filed an amendment to its certificate of incorporation with the state of Florida for a 1-for-1,000 stock split in an effort to increase its per share price and, with appropriate funding, to become a fullyreporting (or “1934 Act compliant”) issuer. The Company intends to pursue the consummation of stock split with FINRA sometime in the 2nd quarter of 2024.
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From looking at the balance sheet looks like it's all been trillium dumps.
I'm looking at the overall picture. While there is things not to like I also see Jefferson County Chamber of Commerce investing in them.
JCCC wouldn't be throwing loans to a business they see failing in a couple years. Their goal is to support the local community through job creation. If 1812 goes under those jobs are gone. They reviewed everything going into the purchase of Maggie's and with that finalized I see there is a path forward.
Scozzafava has also telegraphed there is more news on the way. So, I suppose we wait and see what the next developments are.
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Overall they have quite a hole of debt to climb out of...
By no longer relying on another brewery to outsource their production it's possible they lower their overhead and start turning profit.
By establishing themselves in Watertown they can reach a larger market. Canadian distribution seems to be going well.
How long things lag between profit and stock pps time will tell. I'm still looking at this as a lottery play.
If things do pan out ticker symbol alone could generate interest.
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Just looking at all the accomplishments in the last year. Going from a destination brew pub that contracted out it's brewing operations to Rochester... to where we are now adding it's own brewing/ canning, a new location in a major population center. Plus international sales.
All in a year.
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I've been to Maggie's last year way before the purchase/rebranding. They had lots of taps. It was too cold for outdoor seating at the time but they had a nice deck with a waterside view of the Black River. I got the Texas Burger, was a great burger. Stopped by the brewery, it looked like no activity going on. It was a Monday, drove around the brewery, all these baking racks were outside. Looked like they just did major electrical upgrades as they had a brand new transformer box outside. Went to the local Price Chopper near by picked up 2 6-Packs of 1812 for 9.99 each and headed home.
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It's a 13 minute drive to from the gate I'd be interested to see what local distributor services the class 6. Doldo seems pretty big in the Watertown Area.
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$KEGS pleased to announce the closing of the acquisition of Maggie's on the River ... To be renamed "1812 on the River" .... Canadian beer selling well! ... Maybe two more big announcements coming soon! Stay tuned. pic.twitter.com/CsucQOQzhk
— 1812 Brewing Company (@1812Brewing) April 12, 2024
Check Twitter, announced closing on there plus mentioned beer sales...
Also new website shows it...
https://www.1812ale.com/
SOMETHINGS BREWING
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I saw that excellent find
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Would love to see some distribution news. Even a post with Doldo shipment being packaged would be cool.
https://www.doldobrothers.net/
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Interesting post especially how tied to Jreck subs Seaway Cap was through Alteri Bakery. Good reads and informative as it shines some more light on the overall picture here.
https://www.nny360.com/news/jreck-stops-buying-rolls-from-alteri-146-s/article_8fa8e6d4-89e7-5631-a517-095c2f6b5b5d.html
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https://www.thebeerstore.ca/beers/war-of-1812-amber-ale_6-X-Can-355-ml/stock-availability
Might not be in the fins but product in Canadain distribution deal, the stores are getting low.
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https://www.thebeerstore.ca/beers/war-of-1812-amber-ale_6-X-Can-355-ml/stock-availability
Limited supply left up North, time for another Canada Shipment
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It's in the disclosure for late file
https://www.otcmarkets.com/otcapi/company/financial-report/396050/content
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The proposition or R/S and new stock issuances ahead of doesn't instill confidence in overall financial health.
Will be interesting to see how profits look comparable to last year's 1st qtr.
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Actually kind of seems like it's selling rather well
https://www.thebeerstore.ca/beers/war-of-1812-amber-ale_6-X-Can-355-ml/stock-availability
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https://www.thebeerstore.ca/beers/war-of-1812-amber-ale_6-X-Can-355-ml
Low stock better get another shipment up north
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https://www.facebook.com/share/Z5YE2tP9AbHgBrQ3/
Looks like Maggie's on the River is now 1812 on the River, Facebook official
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Pretty impressive volume today
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What do you mean I just laid out how KEGS came to be earlier. This is a crapshoot if they can payoff debts and become a Dumpster Pheonix. Then again the strongest steel is forged in a dumpster fire. I post news good and bad there's enough of both for this to go either way. The RS before financials could be good or bad depending if it continues to rise and uplists, or if they dump shares through new issue or debt conversion.
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Cool, just deflect, oh I wouldn't associate... than STFU, you could just admit you got it wrong instead of doubling down on some parroted BS.
The convertible debentures is enough to concern investors, but instead you discredit yourself by circular logic about unrelated companies to the company this board concerns itself with.
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I'm just pointing out your unclaimed YELP ad as misinformation.
Alteri's Bakery is closed the sign in the photo says market....
That Yelp Cleary shows Alteri's Market your circular logic sucks
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SHBP Realty Holdings LLC
"SACKETS HARBOR BREW PUB REALTY HOLDINGS LLC"
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It's about a bakery that has been refurbished into a brewery. Last time I was in Watertown I drove by it all the Bakery equipment was outside they were putting in epoxy floors and upgrading the electrical. Every article mentions Thomas Scozzafava as owner as he is owner of Seaway
The Alteri Bakery is owned by Seaway which transferred it to KEGS 1812 don't mislead people
With articles about the Alteri Italian Market which has nothing to do with KEGS
Yes the convertible debentures is worrisome for shareholders
Alteri's Market is completely different lol
Lookup the address
Alteri's Italian American Market
948 Bradley St, Watertown, NY 13601
Alteri's Bakery
981 Waterman Dr, Watertown, NY 13601
Alteri Bakery has always been owned by Seaway Capital
https://www.bakingbusiness.com/articles/38960-alteri-bakery-parent-secures-equity-financing
Just got shifted to 1812 Brewing which is subsidiary of Seaway Capital
https://www.wwnytv.com/2020/10/16/old-alteris-bakery-building-will-soon-become-brewing-company/
The biggest takeaway here is the use of Convertible Debentures throughout this portfolio and how 1812 Brewing has been saddled with the debt from from the Wisebuys and Hacket Hardware debacle.
https://www.prnewswire.com/news-releases/seaway-valley-capital-corporation-announces-sale-of-majority-stake-of-wisebuys-inc-114508824.html
The good news is 1812 with the acquisition of Alteri Bakery now has there own production capacity and no longer relies on
Rochester-based High Falls Brewing Company to produce their beer.
https://in.marketscreener.com/quote/stock/SEAWAY-VALLEY-CAP-5310102/news/SEAWAY-VALLEY-CAP-Seaway-Valley-Capital-Corporation-s-Sackets-Harbor-Brewing-Company-Restarts-Prod-13214653/
Slightly different take, Alteri Bakery was owned under the umbrella of Seaway Capital. It has been purchased by 1812 Brewing which is also under the umbrella of Seaway Capital. Seaway Capital formerly went under the ticker of (OTC:SWVL)
SWVL is no longer an active registrant and that Ticker symbol is a completely different company with no relation.
Very welcome, I try to find news either good or bad. This is sort of some history on how this company came into existence incase anyone is interested. Puts alot of the pieces of the puzzle in place.
https://www.advfn.com/stock-market/NASDAQ/SWVL/stock-news/38147914/seaway-valley-executes-contract-for-20-million-eq
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It's the convertible debentures.
https://www.investopedia.com/terms/c/convertibledebenture.asp
You're right I was just looking at the latest filing basically Tom can make across the board decision. I had hopes KEGS might be a rare diamond in the rough but it's looking more and more like this is his repetitive convertible debenture scam. Too big to fail Lehman Bros. Financial management on small time otc stocks leads to flailing.
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