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UM NO these are NOT Opinions they are facts and they are facts you do not want to see yet they are clearly in front of your face! You are making up any excuse for a company that is at 0.0001 un-audited financials reverse split coming and CEO that has no concern for shareholders! These are NOT OPINIONS they are FACTS. GOOD SOLID COMPANIES do not look like KEGS!! BOOOOOOOOOOOOOOOOOOOOOOM AGAIN!.
What is not normal is Good Solid Companies doing a reverse split on their struggling PPS. BOOOOOOOOOOM.
Volume: 1,039,644
Day Range: 0.00005 - 0.0001
SAYS IT ALL OUCH!
KEGS is unable to file proper financials, they don't have the means or they just don't care about their commons enough to do so either way this is not a Good Solid Company Practice! The company public traded stock is at 0.0001 and below this is not a Good Solid Company. The Company is about to go through an RS this is not a practice of a Good Solid Company. The CEO does not reach out to investors this is not a Good Solid Company. The company has 16 Million Debt in a declining Brewery industry this is not a Good Solid Company!
A Good Solid Company would have a Good Solid PPS, Would Not be going through another RS and would have brought VALUE TO THEIR LONGS! Would it not? We both know the answer to this by elimination then one must conclude after years of being public KEGS is NOT a GOOD SOLID COMPANY to invest in.
Sounds just like their PRS "Will" "Perhaps" "Maybe" Could Happen!! A company like this should truly be a private company and not take hard working peoples money if they cannot keep up financials with the SEC keep the stock from going below 0.0001 doing reverse splits Taking Peoples Money with PRS that do nothing is an awful way to make a living!!
Yeah sounds real good on paper and press releases but does not equate to anything or the price would not be 0.0001 with this low volume and an rs about to roll over long time shareholders! once again the more this is posted the more it is evident that the company released prs while all along knowing they were going to file an rs to entrap SHAREHOLDERS/and unsuspecting new bag holders! pretty simple!
Yet to be proven! Until they file with the SEC and until they actual improve revenue and pay off debt and bring REAL VALUE TO THEIR COMMONS, it is all pure speculation! Which KEGS has yet to do! That is a FACT.
LOL
JACKSON L. MORRIS
Attorney at Law
Admitted in Florida and Georgia
Admitted in Florida and Georgia
126 21st Avenue SE ? St. Petersburg, Florida 33705
Telephone (813) 892-5969 ? Fax 800-310-1695
email: jackson.morris@rule144solution.com ? jackson.morris@verizon.net
www.Rule144Solution.com
April 23, 2024
OTC Markets Group, Inc.
2nd Floor
304 Hudson Street
New York, NY 10013
Re: 1812 Brewing Company Inc.
Trading symbol: KEGS
Ladies and Gentlemen:
I have been engaged as special counsel to 1812 Brewing Company, Inc., a Florida
corporation with its executive office at 981 Waterman Drive, Watertown, NY 13601
("Issuer"), to provide this letter with respect to the information ("Information") publicly
disclosed by the Issuer and published through the OTC Disclosure & News Service,
including all information published at http://www.otcmarkets.com/stock/KEGS/profile
and related pages. The Issuer's common stock ("Securities") is quoted on Pink Open
Market and is traded in the over-the-counter market. Please be advised that OTC
Markets Group is entitled to rely on this letter in determining whether the Issuer has
made adequate current information publicly available within the meaning of Rule
144(c)(2) under the Securities Act of 1933 ("Securities Act") and Rule 15c2-11 under
the Securities Exchange Act of 1934 ("Exchange Act"). It should be noted that neither
Rule 144(c)(2) or Rule 15c2-11 define or provide a standard for public availability of
information. In using this term, I refer to any information which is available to the public
from any source, including information which requires payment of a fee to a public
official. In particular, neither Rule requires publication of information on or through the
OTC Disclosure & News Service.
The Information covered by this opinion includes and is limited to information under the
Issuer’s control on the “Company Profile” tab and the items of information indexed on
the “Disclosure” tab, as follows:
Information Item* Period End Date Publish Date
Annual Report - 1812 Brewing Company - 12 Months Ended
December 31, 2023
December 31, 2023 April 18, 2024
*This opinion does not express any opinion with respect to accounting or financial matters and is limited
to inclusion of financial statements required by Rule 15c2-11.
I am a citizen and resident of the United States of America. I have assisted the Issuer
with preparation of the Annual Report and expect to provide from time-to-time legal
services to the Issuer in the areas of corporate, business transactions and securities
law. I am licensed to practice law in Florida and Georgia. The subject matter of this
letter covers the jurisdiction of the State of Florida (the Issuer's state of incorporation)
and the laws of the United States of America.
https://www.otcmarkets.com/otcapi/company/financial-report/398460/content
BEWARE DESPERATION AT AN ALL TIME HIGH to try to convince the MARKET that KEGS is a SOLID COMPANY! It is NOT.
This company does not file Financials that are verifiable with the SEC. This company has a PPS at 0.0001 or below! The company uses forward looking statements to cover their antics. This company releases PR after PR with SUPPOSED GOOD NEWS to try to move the needle it FAILED it sits at 0.0001 and NOBODY bought in due to the PRS. Those who did buy in are now facing an RS and after the announcement the VOLUME has FLAT LINED! ALL FACTS and NOT SPECULATION!! SORRY BUT IT IS THE TRUTH! OUCH!.
Give KEGS more TIME MORE TIME is all I hear and yet KEGS has been a PUBLIC company for many years and it still sits at 0.0001 as long as they can fool people in believing the next hype they will get new bagholders but the market has wised up it appears on this little ticker! Volume drying up and it still sits at 0.0001
Anytime it says they should generate could generate they are very much up in the air. Revenue is speculative and the prs did nothing for shareholder value! That is a fact. They knew they would release press releases and then pull the RS. Once again if the Market believed in KEGS it would not be sitting at 0.0001 with dried up volume and someone desperately trying to make KEGS sound better than what it is... it is a company that has a lot of debt and speculation galore and no concern whatsoever for their shareholders! and you are just one of many.
UM they sent out PR after PR and then pulled the rug out of those who bought in because of the PRS. Now they are doing a reverse split! So if the CEO is just filing it for NO REASON then he basically is incompetent because he now has made Volume Dry up!! But he is not cause he knows now he has new bagholders like yourself going into an RS!
Sold shares with the PRS then when that did not Generate Enough Market buzz do a reverse split do the whole thing over again and this will be back down at the bottoms eventually! Does not matter if it will not happen tomorrow they filed it and they do not care about their longs! We are heading into/in 2nd quarter now so it can be anytime they decide. LOL!! The TRUTH for shareholdes is pretty simple 0.0001 no value to any shareholder volume is dried up the prs did nothing ceo filed an rs and you have a cheerleader who may or may not be working with the company or therefore is so worried about their investment they spend 24/7 defending it!
LOL come on can't you see it you got played!! Once this does the RS there might be a pop but the SHORTS will be all over this because all you have is hypothetical prs and press releases! Dude seriously.
Intends to! HA!
PP this one may bounce before the RS just have to watch L2. But as far as a solidified investment I would not put too much stock into this one cause after the RS/there will be a massive play on it to bring it down to 0.0001 IMO. The CEO has no concern for investors has not even addressed the RS properly with them! CEO's like that in such a non liquidated market truly do not care!!
So you are happy with the Reverse Split the Price being at 0.0001 and all the while the Volume drying up? OK. I watched exactly the right amount of time! Volume hit the PRS hit and then the CEO perfectly timed the RS knowing the PRS were nothing more than to just print shares and sell them to unsuspecting retail commons! It was beautifully done by the CEO! He got exactly what he was aiming for it appears! and you actually helped with your constant 24/7 cheer leading! It is a shame what has occurred to long term investors! Like I said after the RS it will be played and it will be played all the way down to 0.0001 once again! Just like every other time this one Split it comes right back down to where you are now 0.0001.
The CEO has a stock that is sitting at 0.0001 if the NEWS was so good it would not be pretty simple! THE PRS the Market did not buy into except those who bought shares before the RS was announced! So now new buyers can come along after the RS and buy in and they will be better situated than the longs who have actually supported this ticker! Trust me I will watch L2 when the RS does happen and I will play this ticker all the way back down to 0.0001. This company cannot keep this ticker up because the MARKET no longer is buying into the Fluff Pieces/Hot Air! If the news was so great it would not be 0.0001 and if you thought the company could thrive on its own you would not be on here 24/7 trying to defend this failing ticker!
No, I was pulling for and watching KEGS however after seeing the history and how the CEO handled this ticker with ANOTHER RS it is evident that while other tickers are bringing in huge volume KEGS has decided to do their commons wrong. It is easy to see you just don't want to see it!
0.0001 Low Volume RS coming PRS did nothing for Longs!
Absolute Disaster! PPS is stuck and with an RS coming the company really stuck it to their longs! What a shame!
The industry is down! Do the Research. So why is it that KEGS cannot file financials properly? Since as you say they have so much going for themselves?
This is by far the most illogical proof of anything I have read on ihub! None of this equates to why anyone should invest in KEGS after the company continues to not care about their longs! If anything this proves that this ticker has no hope at all. So let me ask you. What are you waiting on for the hedge funds to stop cellar boxing? Stop the Naked Shorting? When do you expect this to occur?
Then you should not say anything if you can't prove it. It is an assertion that cannot be validated. So why are you saying it? You have no proof that this is being done with KEGS! So you might as well not use that as a defense as to why the company has repeatedly failed their longs!
You are just making assumptions about what will be and what the company is doing at the moment! Always in the FUTURE or Could happen the REALITY is this!
The Company is doing an RS and an RS after all the great NEWS that you are trying to use to Validate the sinking PPS.
KEGS has FAILED THEIR SHAREHOLDERS and they are now looking for new bag-holders since they are going forward with the RS after telling everyone like you are doing how GREAT things are in KEGLAND, which they are NOT.
No shares! Just on watch! I see the B on the Ask. I know this ran a few years back and they supposedly had went to court and then it came down quickly! So just checking in on it and thanks for the INFO.
All the execs dumped? I do not know much about this one just had it on a scan and know they went to court and lost!
Sounds like dead money perhaps!
WOMP WOMP! KEGS Blows! it is easy for anyone to see now! Management played it perfectly! PRS Supposed good NEWS and then BAM!!!! RS!
So um from KEGS: To grow and to pursue material acquisitions, KEGS must raise additional capital. But having said that, management is absolutely sensitive to minimizing the size and scale of equity issuances. The algebra, frankly, is quite simple. The higher KEGS can maintain its per share price, any further issuances will cause less dilution. It was management’s desire to sustain a share price at $0.02 into the fall of 2021, which would have minimized the current 200 million share issuance by 90% to 20 million. Despite the engagement of consultants in this arena, the small issuer selloff in the late fall and winter in 2021 seemed to have pulled our shares down with the overall market. So UH what happened?
So you believe Kegs will reach a penny?
MAYBE COULD HAPPEN you sound just like management you sure you have no ties to the company!! ?? Either or Just wishful thinking! KEGS set up this perfectly and it worked to a T !! KEGS has Broken Legs and will never Run now!!
BUYER BEWARE!! Desperation is at an all time HIGH here unlike the PPS of KEGS! Trapped BAG HOLDERS are desperately trying to find a silver-lining! They will stop at nothing NAME CALLING DEROGATORY INSULTS and it is basically a Representation of KEGS ITSELF! Desperation!! KEGS FILED AN RS after RELEASING SUPPOSED GREAT NEWS! That did nothing for Shareholders nor PPS! OUCH!
Through fiduciary duty, both directors and managers have to subordinate their own personal self-interest to that of the corporation and its shareholder owners. Directors and managers cannot take personal advantage of business opportunities that are rightfully that of the corporation.
It is obvious after how many years of being a PUBLIC Operation they have failed to bring their PPS up to PAR? Exactly!
They released PRS in hoping to bolster interest in the Market which failed miserably. And now guess what another RS coming your way!!
KEGS as a company? They are in a declining business look it up Brewery Business is heading south and with 16 Million in debt they will have to sell a lot of beer in a declining industry! With a lot of bloated competition!! RS is just part of their plan and it worked successful to add NEW BAG HOLDERS !!
All bagholders! Do!
If all the NEWS was good and really had any substance there would be no need for an RS! Pretty Simple. This is not Canoo! This is KEGS and Management played their LONGS perfectly by setting up all the PRS and then Releasing the RS and now NEW BAGHOLDERS for life!
HOT AIR with no substance the company released them all and all the while knowing they were going to do an RS! They knew the PRS would hype this up and retail would go in buying!! and then BOOOOOM RS! Perfectly timed! The only thing Management is doing is looking out for Management it appears! HOT AIR = NOTHING DONE FOR SHAREHOLDERS! Nice set up and Spike by the Management of this little ticker!
All HOT AIR! Did nothing for the PPS and now bag-holders are desperate! OLD NEWS which was released to the public in order to sell shares and then set them up for a MASSIVE RS 1/1000 OUCH! Management planned this out really well!!!
There is nothing GOOD about KEGS! They decided to pull the rug right underneath their longs with an RS! KEGS!
Dead Money? HCMC struggling with 1.89 BILLION on the ASK! ON WATCH!
And yet the stock is still 0.0001 with a Reverse Split Coming! What happens to a company when stock prices fall to zero? If a company continuously spends more money than it earns, and investors sell off the stock, ultimately, that can lead to the company going bankrupt. Most companies file for either Chapter 7 or Chapter 11 bankruptcy before their stock reaches $0.00. They are now 16 Million in Debt! OUCH! They released press release after press release to have Retail buy into which is exactly what they wanted to sell shares!! this is exactly what some knew would happen and that is why I WATCHED carefully! Then they pulled the rug out from RETAIL! By applying an RS! If one should be mad do not be mad at VF TBALLS and HB the individuals who told it like it was! They seen it coming and now KEGS has created NEW BAGHOLDERS for LIFE after the RS!! Good Luck to You!
Sorry but with 16 Million in Debt and and SS that is laughable! That is not starting from the ground floor!! How long has this been a public traded company and it still sits at 0.0001 or less? KEGS has BROKEN LEGS and she can't run! with the RS!
To the NEW POSTERS! Do not buy into the HYPE of PRESS RELEASES! They have done nothing to benefit longs here at KEGS! KEGS has SIGNED OFF ON AN RS which in the OTC proves that nothing the company released has worked!! If the price of the TICKER was sufficient then no RS would be required!
LOL Take a look at all that bogus news if it was not it would not be sitting at 0.0001 0.00005 LOL
Insiders benefit off the bags of unsuspecting RETAIL!!
OTC DISCLOSURE & NEWS SERVICE
From
To
1812 Brewing Company Receives Final Funding Approval for the Purchase of the Business and Assets of Maggie’s on The RiverPress Release | 02/07/2024
1812 Brewing Company Executes Definitive Agreement to Purchase Business and Assets of Maggie's on The RiverPress Release | 01/08/2024
All of 1812 Brewing Company's Medal Winning Beers Made Available Direct-To-Consumers in 45 States Plus Washington DC with Liquid Rails E-Commerce PlatformPress Release | 12/18/2023
1812 Brewing Company and The Beer Store Initiate 49-Store Rollout of Gold Medal Winning War of 1812 Amber AlePress Release | 12/13/2023
1812 Brewing Company Brings Home Bag of Winning Medals from 2023 Brewski Awards!Press Release | 11/27/2023
1812 Brewing Company's War of 1812 Amber Ale Passes All Aspects of Liquor Control Board of Ontario's Quality Assurance TestsPress Release | 11/21/2023
1812 Brewing Company Wins Two U.S. Gold Medals and Wins World Gold Medal in 2023 World Beer AwardsPress Release | 10/30/2023
Price Chopper Supermarkets to Carry 1812 Brewing Company’s New Helles Bells Lager as well as Route 11 LagerPress Release | 10/17/2023
1812 Brewing Company to End 3(a)10 Debt Reduction Plan After First TranchePress Release | 08/02/2023
1812 Brewing Company's War of 1812 Amber Ale Approved for Sale in Ontario Canada as Momentum Continues to Grow for the Company's Flagship ProductPress Release | 05/17/2023
1812 Brewing Company's Sackets Harbor Restaurant Revenues Increase 84%, 41%, 29% and 43% in 2023 vs. 2022 in Months of January, February, March & April, RespectivelyPress Release | 05/02/2023
1812 Brewing Company’s Recently Launched Thousand Islands India Pale Ale Wins the Bronze Medal at the Prestigious 2023 New York International Beer CompetitionPress Release | 04/26/2023
1812 Brewing Company Wins “New York Amber Ale Brewery of the Year” Award at the 2023 New York International Beer CompetitionPress Release | 04/18/2023
1812 Brewing Company Proceeds to Next Stage of Application Process for Sale of Its Products in Ontario CanadaPress Release | 03/09/2023
1812 Brewing Company Signs MOU with ERApeutics, LLC d.b.a. EVERMIND(TM) to Facilitate Investment and Product Commercialization, Supporting $4M Pre-Money ValuationPress Release | 03/02/2023
1812 Brewing Company Achieves Strong Beer Sales Growth in First Months of 2023Press Release | 02/22/2023
1812 Brewing Company Engages The Chef Agency for Hospitality Talent Executive SearchPress Release | 02/17/2023
1812 Brewing Company Shareholder UpdatePress Release | 01/27/2023
1812 Brewing Company Proceeds with Application Process For Sale of Its Products in CanadaPress Release | 01/24/2023
1812 Brewing Company Announces Greater New York City Distribution AgreementPress Release | 01/19/2023
1812 Brewing Company's War of 1812 Amber Ale Wins Gold Medal and Amber Category Champion in World Beer Championships in ChicagoPress Release | 01/17/2023
1812 Brewing Company Unveils Brewery and Shareholder-Focused Website & Social Media AccountsPress Release | 01/11/2023
1812 Brewing Company Addresses Outstanding Convertible DebenturesPress Release | 01/05/2023
1812 Brewing Company Retires 3.4 billion Shares of Outstanding Common StockPress Release | 01/03/2023
1812 Brewing Company Commissions Wild Goose Filling and Ska Fabricating Portion of New Canning LinePress Release | 12/15/2022
1812 Brewing Company’s Gold Medal Winning Beer to Become Available Direct-To-Consumers in 45 States Plus Washington DC with TapRm.com E-Commerce AgreementPress Release | 12/05/2022
Gold Medal Awarded to 1812 Brewing Company's War of 1812 Amber Ale at 23rd Annual Great International Beer, Cider, Mead & Sake CompetitionPress Release | 11/30/2022
1812 Brewing Company Wins Spot in 2022 New York State Craft Brewers Festival - SyracusePress Release | 11/22/2022
1812 Brewing Company Joins Watertown Wolves Sponsorship TeamPress Release | 11/08/2022
1812 Brewing Company’s War of 1812 Amber Ale Brings Home Another MedalPress Release | 11/01/2022
1812 Brewing Company Introduces Thousand Islands IPAPress Release | 10/27/2022
1812 Brewing Company Eyes Opportunities in Alcohol-Free Beverages MarketsPress Release | 10/25/2022
1812 Brewing Company Commissions Brewhouse Acquired in Milwaukee AuctionPress Release | 10/20/2022
1812 Brewing Company Enters Into Letter of Intent to Purchase Brewery/Brew PubPress Release | 09/15/2022
1812 Brewing Company enters into purchase agreement for five-head can filler and labeling line with Wild Goose Filling and SKA FabricatingPress Release | 09/07/2022
U.S. Distributor Interest in 1812 Brewing Company Soars After Company Wins U.S. Gold Medal in 2022 World Beer AwardsPress Release | 08/30/2022
1812 Brewing Company Wins U.S. Gold Medal in 2022 World Beer AwardsPress Release | 08/18/2022
1812 Brewing Company in Discussions to Restructure Remaining Convertible DebenturesPress Release | 07/26/2022
1812 Brewing Company, Inc. Eliminates Convertible DebenturesPress Release | 06/28/2022
1812 Brewing Company, Inc. Reduces Authorized Shares by 50%Press Release | 06/22/2022
1812 Brewing Company, Inc. Releases Shareholder Update Press Release | 06/15/2022
1812 Brewing Company, Inc. Seeing Continued Success in the MarketplacePress Release | 05/27/2022
1812 Brewing Company, Inc. Engages Specialty Investment BankPress Release | 05/10/2022
1812 Brewing Company, Inc. Releases Shareholder Update Press Release | 04/26/2022
1812 Brewing Company, Inc. Releases Shareholder UpdatePress Release | 04/26/2022
1812 Brewing Company, Inc. Releases Two New Beers Press Release | 04/25/2022
1812 Brewing Company, Inc. Releases Two New BeersPress Release | 04/25/2022
1812 Brewing Company, Inc. Orders Hemp For Two New Beers Press Release | 04/19/2022
1812 Brewing Company, Inc. Orders Hemp For Two New BeersPress Release | 04/19/2022
1812 Brewing Company, Inc. Earns Top Medal In The 2022 New York International Beer Competition Press Release | 04/18/2022
1812 Brewing Company, Inc. Earns Top Medal In The 2022 New York International Beer CompetitionPress Release | 04/18/2022
1812 Brewing Company, Inc. Begins Capital Restructuring by Retiring 500 Million Shares Press Release | 04/11/2022
1812 Brewing Company, Inc. Begins Capital Restructuring by Retiring 500 Million SharesPress Release | 04/11/2022
1812 Brewing Company, Inc. To Reduce Authorized SharesPress Release | 04/04/2022
1812 Brewing Company, Inc. To Reduce Authorized SharesPress Release | 04/04/2022
1812 Brewing Company, Inc. Forms 1812 Acquisition Company, Inc.Press Release | 03/29/2022
1812 Brewing Company, Inc. Forms 1812 Acquisition Company, Inc.Press Release | 03/29/2022
1812 Brewing Company, Inc. Re-Launches Top Selling War of 1812 Amber Ale in BottlesPress Release | 02/16/2022
1812 Brewing Company, Inc. Re-Launches Top Selling War of 1812 Amber Ale in BottlesPress Release | 02/16/2022
1812 Brewing Company, Inc. Now Controls 100% of Its Beer Production and PackagingPress Release | 02/09/2022
1812 Brewing Company, Inc. Now Controls 100% of Its Beer Production and Packaging -- Company Expects Gross Profit Margin Increase of 50%Press Release | 02/09/2022
1812 Brewing Company, Inc. Announces Engagement of Bull in Advantage as Its New Investor Relations FirmPress Release | 02/03/2022
1812 Brewing Company Announces Engagement of Bull in Advantage as Its New Investor Relations FirmPress Release | 02/03/2022
1812 Brewing Company Shareholder UpdatePress Release | 12/10/2021
1812 Brewing Company Shareholder UpdatePress Release | 08/31/2021
Convertible Debt RestructuringPress Release | 06/01/2021
Debt Restructuring Negotiations CommencePress Release | 05/17/2021
Name & Symbol ChangePress Release | 05/12/2021
Seaway Valley Capital Corp - Shareholder UpdatePress Release | 04/15/2021
Seaway Valley Capital Corp - Shareholder UpdatePress Release | 04/15/2021
The only individuals who are excited about this are insiders! All this "news" has been released and the market is not buying it. That is why they are doing an RS Quad5 and TRIP1 ticker nothing more!! Sad how they have done you all wrong! Instant bag-holders!