🍺 1. 1812 Brewing Company (OTC Pink:?KEGS)

KEGS Stock Split History
Date Ratio
Apr. 23, 2025 1:1000
Oct. 07, 2010 1:1000
Nov. 05, 2009 1:1000
May 12, 2009 1:1000
Sep. 22, 2008 1:5
Dec. 08, 2006

2. BrewBilt Brewing Co. (OTC:?BBRW)
September 22, 2022: Approved and executed a 1-for-300 reverse stock split, effective September 30, 2022

Further recap: in 2017, a 1-for-1,500 reverse split was completed




⚠️ 1. Persistent Share Dilution with Opaque Share Cancellations
Massive share issuances at steep discounts
In mid-2022 and 2023, the company repeatedly issued huge volumes of shares at very low prices to raise funds, in turn diluting existing shareholder value

Cancellation of billions of shares by the CEO
In a bid to "offset dilution," Scozzafava frequently repurchased or canceled his personal shares—500 million in April 2022, another 500 million in July 2022, and about 3.4?billion by end-2022

Yet these moves may have been reactive damage control rather than proactive governance.

2. "Floorless" Convertible Debentures: A Risky Debt Structure
The company had convertible notes that could convert at ever-lower prices ("floorless"), causing uncertainty

Scozzafava used limited funds (˜?$300k) to repay some notes, but despite ostensible restructuring efforts, ~$13M in convertible debt still lingered into 2023

3. Frequent Corporate Restructuring with Questionable Transparency
Regular announcements about reducing authorized shares—from 20B to 10B (April 2022), with possible further cuts

Communications emphasized share cancellations and debt restructuring, often framed as operational strategy, but raised red flags about governance consistency.

A redditor poked fun at the spin:

“...we felt a longer-term benefit would be derived by repaying these notes before conversions could commence.”

4. Share Exchange Maneuver Could Mask Lack of Cash
In January 2023, Scozzafava swapped his personal shares for company notes, extracting ~3.4?billion previously outstanding shares

While the press release eye-catchingly calls this a “net reduction,” critics argue it served to retire shares without openly addressing underlying cash constraints.

5. Frequent Filings & Disclosures Suggest Financial Instability
Since 2022, KEGS has been in perpetual “shareholder updates,” IPO-style restructurings, refinancing schemes, acquisition talks, equipment purchases, and debt settlements

Name and address(es) of the issuer and its predecessors (if any)

Beginning November 21, 2016 - 1812 Brewing Company, Inc.* – Florida, currently “Active” status
Beginning April 27, 2015 – Seaway Valley Capital Corporation - Florida
Beginning August 16, 2007 – Seaway Valley Capital Corporation - Delaware
Beginning November 27, 2006 - GS Carbon Corporation
Beginning May 5, 2003 - DirectView, Inc. – Nevada moved to Delaware
Beginning July 30, 2002 - Boston Pacific Medical, Inc. – Nevada
Beginning April 12, 1996 - Boston Pacific Capital, Inc. – Nevada
Beginning February 7, 1992 - Boston Pacific Medical, Inc. – Massachusetts moved to Nevada
Beginning June 12, 1989 - The Boston & Pacific Company, Inc. Massachusetts



https://www.otcmarkets.com/otcapi/company/financial-report/352098/content

Now here are some fine examples of how Scozzafava conned everyone who invested in this serial scam ticker back when it was Seaway Valley:

It seems in all the whirlwind of the company's recent financial activity, Mr. Scozzafava has forgotten the common shareholders...you know, the only ones that are paying for all his high flyin', wheelin' and dealin'. There are genuine concerns of how all of his acquisitions are going to be paid for, and the methods of financing being used. The market has responded by crushing the price of common shares. Common shareholders, in some cases, have seen the stock price drop by as much as 95% since last fall. The share price today is less than 1/2 a penny, while outstanding shares have increased 600% since July of last year. In my opinion, it appears that the insiders, Mr. Scozzafava, his sister Dede (the State Assemblywoman), and various other family members and friends, are the only ones who stand to make anything on this venture. While protecting their own interests in the firm, IT APPEARS that they are using common shareholders to pay for millions of dollars of debt reduction carried over to Seaway from several earlier unprofitable business arrangements that Mr. Scozzafava had been involved in several years ago. If that wasn't bad enough, Mr. Scozzafava seems to be either unable or unwilling to communicate with anyone who wants a straight answer about where this is all going to end.



I ask your readers, why would Tom Scozzafava hook-up with Chris Swartz who obviously has a string of penny stocks where he's left the common shareholders drowning in his wake and such a questionable family history? Why? It all seemed like the Scozzafavas had big dreams for the future, but have seemingly gotten mixed up with a less-than-fresh grouping recently.


Will the Scozzafavas now try to distance themselves from the organization by passing the reigns to Chris Swartz? Or will Tom right this ship, return the proper ownership to his common shareholders, and once again become a C.E.O. that communicates with his shareholders.


The SWVC CEO made common shareholders pay $20+ Million for
a toxic-debt-stuffed shell, for no valid reason for SWVC
common shareholders; which is a blatant violation of Any
CEO's Fiduciary Responsibilities. A clean shell could have
easily been bought, or built from scratch, for less than
1% of that $20+ Million cost.

And, the story about not 'understanding' the terms of the
'toxic' convertible notes, and the SWVC lawyers 'overlooking' the fine print,
is total BS, at best. And, grounds for a common [and
Preferred] shareholder lawsuit, at least.

And, if the CEO is personally "getting something in return" ,
or hiding it in some other vehicle, that is Not owned 100%
by SWVC, that is a crime, And, he is personally financially
responsible for all common shareholder losses, and should
be serving 1+ years.

And, if the CEO is hiding it where SWVC might eventually get
all or part of it, then all of SWVC's SEC Filings, so far,
are fraudulent.


Copies of the above info, as with all of our info,
is always sent to All of those U.S.-Taxpayer-Paid Authorities,
that are paid to care + fix exactly these kinds of 'problems',
and All of those who deliberately cause them; including the
transparent 'outside' helpers. The SWVC 'game' is still
continuing, and has already cost U.S. Taxpayers more than
$30 Million, in less than 10 months. [Not counting several
other similar brick+mortar 'companies' , that are pollinated
daily, by the same overlapping 'outsiders'.]

SWVC should be the easiest. Only 1 guy was the CEO + Total
Board Of Directors, during the entire set-up, and sting of
$30+ Million to ONLY the common 'shareholders. And, it Files
with the SEC, and has a U.S. HQ, and Incorporation Papers,
and Assets, and Personal Residences, and even includes
friends + family, that are personally profiting, and DON'T
OWN ANY COMMON SHARES, while ALL COMMON 'SHAREHOLDERS ARE
LOSING 50-95% , IN JUST THE FIRST 10 MONTHS OF SWVC. And,
the personal profiteers include many who should 'know better',
including, a hedge-fund operator, and a BK specialist, and
a local elected official. And, the FBI has already been
investigating [for several months], due to a major Credit-Card
and Identity Theft, IN A PROPERTY THAT SWVC CONTROLS. And,
SWVC still has NEVER SAID THAT ANY CUTSOMER 'LOSSES' ARE
EVEN POSSIBLY COVERED BY ANY INSURANCE.



Well, it's 2 weeks later and nothing has changed...except of course the share price - it continues to fall despite all the "Look-at-our-Progress!!" press releases.

Tom, you still have not addressed the MOST IMPORTANT questions that shareholders have about the company. And please, DON'T TRY TO CALL ME AGAIN...what you have to say to me should be a matter for all shareholders to hear.

Sincerely,
Timothy Mercier




The holders of the debentures could convert such debentures into approximately 807,466,375 shares based on the market price on March 31, 2008. Such issuances would reduce the percentage of ownership of our existing common stockholders. This result could detrimentally affect our ability to raise additional equity capital. In addition, the sale of these additional shares of common stock may cause the market price of our stock to decrease.



Here we go R/S and A/S increase from 2.5 to 10 billions of Shares.

http://www.sec.gov/Archives/edgar/data/884380/000129092908000063/seaway14cjul08.htm

Is this Shareholderwealth buyback and / or dividents ?? Or is this a special trick that nobody understands ?

Heeeelllooooo ????




I love the FACT that the SEC stepped in (little too late though) and forced SWVC to redo all their financials.

SWVC's CEO bought Wisebuys from himself while it had a negative value of $1.4 million dollars, he decided to give himself $6.4 million for it. $7 million dollars over the real value of it! This is pretty pathetic when in reality Wisebuys was losing $1.5 million per year, for him to sell it off on someone else & expect to gain $7 million? He should have just been happy that he wasn't losing money anymore!

CEO IS A Con Man, COMPANY IS A JOKE - They definately don't understand a CEO's fudiciary responsibility up there in Upstate NY




I am speechless...Everything that happened at Lil dino's happened to my family in Sackets Harbor. And now to make things worse without warning they canceled my dads health insurance...he is in 4th stage cancer. These people are liars and need to pay for how they have ruined peoples lives.



For those who doubt the contents of the original post, please visit the various online stock market message boards (e.g., investorshub.com) to read of the "aftermath". Though Tom S may not have conducted any illegal activities, the direction he took his company destroyed the price per share of the stock. Thousands of individuals have lost money, some who lost the majority of their savings and retirement while Tom and friends made millions. Again, though one could only guess as to the legality of his conduct, ask any investor and they will tell you he is as corrupt (if not more) as any on wall street. Personally, I've read some of the messages regarding Seaway Valley, and I can't help but feel heartache for those who lost so much. Yes, it was their choice to purchase the stock, but from all the SEC filings, it was obvious that Tom S never made one attempt to protect his stockholders from continuous and seemingly insurmountable toxic financing. One can only wonder if this was "planned".

To any who are thinking of investing in this stock, FIND ANOTHER PLAY. You will lose your money.

For those who have lost a significant amount money, I wish you luck and God bless.

For Tom and cronies, you know what you did. Perhaps, the SEC will investigate, but I'm doubtful because they have enough of a mess to deal with caused by those of your "ilk". Nevertheless, know that your riches come from the misery and despair of thousands. I would seriously take some time think about this question, "What did you really gain?"



http://upstategoodoldboys.blogspot.com/2008/05/where-is-tom-scozzafava-and-his-sister.html?m=1

There's more, but that should convey the basic history of the CEO here.

If it doesn't sink in, it will when you are broke.

History is repeating itself right in the current moment.

Topfuel, You’ve confused cash flow with capital structure.

Fung_derf, You’re throwing around legal terms you don’t understand.

Jetmek, you're stuck in a binary worldview

Jetmek, You’re missing a key point: awareness is not the same as capability.

US Short Sale Regulations: US regulations, particularly Regulation SHO, require firms to mark their securities orders, confirm they can deliver the shares for short sales, and have a process to close out failed deliveries. These requirements apply to any equity security with a US symbol, regardless of where the trade was executed.

FINRA Reporting: FINRA (Financial Industry Regulatory Authority) mandates that member firms report their short positions in any equity security with a US symbol. This includes positions held in firm or customer accounts, regardless of the exchange or whether they are reflected with a U.S. CUSIP, CINS, or foreign symbol.

Cross-Border Cooperation: There is cooperation between US and Canadian regulators. For example, some Canadian regulators have implemented restrictions on short selling to support the SEC's measures.

Evolving Regulations: The SEC adopted new rules in 2023 requiring certain institutional investment managers to report short sale information, with transactions after January 2, 2025, falling under these reporting requirements. This suggests an ongoing effort to increase transparency in the short selling of US stocks.

In essence, while short selling US stocks through a Canadian broker is possible, it would be subject to US regulations and reporting requirements, making it difficult to do so undetected

Been doing this a long time, I’m good. Lol/quote]

March 31, 2025 Revenue $0

March 31, 2024 Revenue $ 47,199

Gross Income $0

Total Operating Expenses 653,587

Net Operating income (loss) (653,587)

Net earnings (loss) (653,587)

Retained earnings deficit:
Beginning of period (2,206,741)

End of Period $ (2,860,328)

CASH AT END OF PERIOD $0

As of March 31, 2025, the Company had the following long-term debt:

$150,000 owed to Curtis Philpot. The current balance of the debt excludes interest and has a maturity
date of March 15, 2021. The debt is convertible at a 50% discount to market price. This debt was incurred
for an asset purchase.

$75,000 owed to Celeste Phillips. The current balance of the debt excludes interest and has a maturity
date of October 5, 2021. The debt is convertible at a 50% discount to market price. This debt was incurred
for consulting services.

$400,000 owed to John Phillips. The current balance of the debt excludes interest and has a maturity date
of October 5, 2021. The debt is convertible at a 50% discount to market price. This debt was incurred for
an asset purchase.

$50,000 owed to Augustus Redmond. The current balance of the debt excludes interest and has a
maturity date of October 26, 2021. The debt is convertible at a 50% discount to market price. This debt
was incurred for consulting services.

$75,000 owed to Lucretia Brown. The current balance of the debt excludes interest and has a maturity
date of November 10, 2021. The debt is convertible at a 50% discount to market price. This debt was
incurred for consulting services.

$250,000 owed to Paul Khan. The current balance of the debt excludes interest and has a maturity date of
November 30, 2021. The debt is convertible at a 50% discount to market price. This debt was incurred for
consulting services.

$150,000 owed to Curtis Philpot. The current balance of the debt excludes interest and has a maturity
date of November 4th 2022. The debt is convertible at a 50% discount to market price. This debt was
incurred for an asset purchase.

$1,000 owed to Legion Financial Consultants Ltd. The current balance of the debt excludes interest and is
Due on Demand after May 12th 2024. The debt is convertible at $0.0001 and/or 50% discount to market
price.

$2,500 owed to Legion Financial Consultants Ltd. The current balance of the debt excludes interest and is
Due on Demand after May 24th 2024. The debt is convertible at $0.0001 and/or 50% discount to market
price.

$1,500 owed to Legion Financial Consultants Ltd. The current balance of the debt excludes interest and is
Due on Demand after June 14th 2024. The debt is convertible at $0.0001 and/or 50% discount to market
price.

$5,000 owed to Legion Financial Consultants Ltd. The current balance of the debt excludes interest and is
Due on Demand after June 29th 2024. The debt is convertible at $0.0001 and/or 50% discount to market
price.

$5,000 owed to Legion Financial Consultants Ltd. The current balance of the debt excludes interest and is
Due on Demand after Aug 7th 2024. The debt is convertible at $0.0001 and/or 50% discount to market
price.

$2,500 owed to Legion Financial Consultants Ltd. The current balance of the debt excludes interest and is
Due on Demand after September 20th 2024. The debt is convertible at $0.0001 and/or 50% discount to
market price.

$4,000 owed to Legion Financial Consultants Ltd. The current balance of the debt excludes interest and is
Due on Demand after November 13th 2024. The debt is convertible at $0.0001 and/or 50% discount to
market price.

$5,000 owed to Legion Financial Consultants Ltd. The current balance of the debt excludes interest and is
Due on Demand after November 21st 2024. The debt is convertible at $0.0001 and/or 50% discount to
market price.

$5,000 owed to Legion Financial Consultants Ltd. The current balance of the debt excludes interest and is
Due on Demand after December 7th 2024. The debt is convertible at $0.0001 and/or 50% discount to
market price.

$5,000 owed to Legion Financial Consultants Ltd. The current balance of the debt excludes interest and is
Due on Demand after December 13th 2024. The debt is convertible at $0.0001 and/or 50% discount to
market price.

$5,000 owed to Legion Financial Consultants Ltd. The current balance of the debt excludes interest and is
Due on Demand after December 20th 2024. The debt is convertible at $0.0001 and/or 50% discount to
market price.

$216 owed to Branalex Financial Group Ltd. The current balance of the debt excludes interest and is Due
on Demand after February 3rd 2025. The debt is convertible at $0.0001 and/or 50% discount to market
price.

$10,000 owed to Legion Financial Consultants Ltd. The current balance of the debt excludes interest and
is Due on Demand after February 22nd, 2025. The debt is convertible at $0.0001 and/or 50% discount to
market price.

$7,000 owed to Legion Financial Consultants Ltd. The current balance of the debt excludes interest and is
Due on Demand after April 11th, 2025. The debt is convertible at $0.0001 and/or 50% discount to market
price.

$300,000 owed to Paul Khan. The current balance of the debt excludes interest and has a maturity date of
March 7, 2026. The debt is convertible at a 50% discount to market price. This debt was incurred for
consulting services.

$300,000 owed to Alfredo Papadakis. The current balance of the debt excludes interest and has a maturity
date of March 7, 2026. The debt is convertible at a 50% discount to market price. This debt was incurred
for consulting services.

Long-term Liabilities

Accrued interest 454,985

Notes payable 1,660,073

TotalLong-term Liabilities 2,115,058

Message in reply to:
$DBMM$$$$ GOLDEN CROSS SOON?

Icon for VeronicaFox
VeronicaFox

Saturday, November 30, 2024 10:58:42 AM

Hi there!I had a brain aneurism in October, ti caught Covid whil in the hospital.its been a horrible few months.my brain is SHOT, I can’t remember anything

How are YOU and the kids?HAPPY THANKSGIVING TO YOU.

Icon for RMS555
RMS555

Friday, April 18, 2025 4:40:47 PM

where is your mommy VeronicaFox? When I outed her she "miraculously" disappeared!

btw: That wasn't VeronicaFox posting in February, the "astute trader" is smarter than that!

Tell her to FUCK OFF for me!!!!!!!! LMFAO!!!

in the meantime; 🖕CHILD

Icon for RMS555
RMS555

Tuesday, December 17, 2024 9:03:12 AM

Tell your mommy VeronicaFox (aka: iHub Admin Shelly) to remove all my restrictions then we can have a public discussion about KEGS and what a great company it is!!!!

btw: thanks for finally admitting that KEGS has purchased Maggie's on the River..... did you get tired of denying reality? We all will soon find out what kind of scumbags you and the fool force are!!!!

the fool force has met its match! (the fool force = VeronicaFox, Huggy Bear, DJ Ponder who is currently missing and especially the kid THall)

In the meantime: 🖕child!

THall

Re: bwmgftw post# 247733

Tuesday, April 15, 2025 7:08:33 AM

Post#
247735
of 247751
By all means, load up then. You deserve the loss.

Using technical analysis in these heavily manipulated OTC scams is not only foolish but also a surefire way to become broke and homeless.

Not to mention this is a share selling scam with $17 million in debt secured by shares of stock. KEGS has 20 billion shares authorized with 11 billion outstanding. It has been at .0001 - .00001 for over 2 years now with NO bid.

Oh and lets not forget, they filed for a 1:1000 R/S that will wipe every shareholders value out when implemented.

So again, load up, you deserve the loss.

It is a crock to tell people lies 24/7/365 with the same crap that has Never been accurate ever.