Monday, April 08, 2024 6:34:06 PM
The dilution has been egregious, and with the impending reverse split, it and the previous two combine to this ungodly number: 1:1,000,000,000
That's trillion, and it is real.
The CEO has a history of running companies into the ground, typical of many a pinkie CEO, while profiting handsomely.
Sure, it has some operations, but, even if the new restaurant comes into the fold, what will the revenues and losses look like? One would think that a brewery that allegedly has wide distribution, and two bars/restaurants, could eventually bring in lots more than $750k per year... Will that happen? With the massive red ink and huge convertible debt, plus the impending reverse split ( kiss of death), I doubt that KEGS will ever be capable of achieving any real success.
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