1812 Brewing Company Inc (KEGS)

[THall]

It wasnt Trillium who reached out to the company. Dont blame them for Tom not being able to run a profitable business. According to the last update Trillium is not in the picture anymore so they are not the one diluting the hell out of shareholders.

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 4,424,570,000 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 $300-$310k 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. The above is from quarterly report filed in Aug,2023. This ends the 3a10 settlement agreement with Trillium.