Friday, April 12, 2024 8:08:29 PM
Thomas Scozzafava, the CEO of KEGS, can and will be held criminally/civilly liable if he "fluffs" numbers on the Financial Documents submitted to OTC Markets. It has happened to multiple companies on the OTC. Just because KEGS does not have Audited Financials right now doesnt mean the numbers are "fluff." The banks/local government agencies loaned Sackets Harbor Brew Pub (a subsidiary of KEGS) money, the banks/local government agencies REQUIRE BANK STATEMENTS when applications are processed! That is a fact!
KEGS current assets are currently around $4.9 million (which I highly doubt includes business goodwill) with a market cap of a little over $1 million. KEGS is way undervalued especially since the two note holders of $13.7 million have tentatively agreed not to convert into shares until market cap of KEGS reaches $100 million. Those note holders have not converted into shares in over 10 years either. So the "toxic debt" is not toxic when there is an agreement in place and they are not converting into shares.
In the meantime; I will let time prove the shareholders of KEGS right (again and again and again)!
Lets Go KEGS! More Good News!
https://www.otcmarkets.com/stock/KEGS/news
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