1812 Brewing Company Inc (KEGS)

[tigerpac]

On July 18th, the Company and Brian McLain agreed to restructure their consulting agreement, which resulted in the cancellation of 625,000,000 shares of common stock and the issuance of a $200,000 convertible note. On March 1, 2024, Mr. McLain elected to convert the entire balance of his convertible debentures into 2 billion shares of restricted common stock.

Pursuant to the above-mentioned 3(a)10 settlement, Trillium has been issued an aggregate of 4,882,933,000 shares of the Company’s common stock to date of which 716,102,000 shares were issued after December 31, 2023.

In 2023 and through April 11, 2024, Chairman & CEO Thomas W. Scozzafava has invested into the Company approximately $1,117,484 in personal capital and shall continue to do so from time to time if necessary. In total, Mr. Scozzafava has personally invested into the Company approximately $1.37 million since 2020.

Also, I don’t believe the Balance Sheet is accurate. Almost impossible for Current Liabilities (Accounts Payable) for y/e 2023 to be exactly the same number as y/e 2022. I believe some numbers were plugged in since they had no clue how to get to the real number. Once it’s done with one number, easy to do with more categories. That’s why the statements are not audited.