1812 Brewing Company Inc (KEGS)

[otcsource]

So um from KEGS: To grow and to pursue material acquisitions, KEGS must raise additional capital. But having said that, management is absolutely sensitive to minimizing the size and scale of equity issuances. The algebra, frankly, is quite simple. The higher KEGS can maintain its per share price, any further issuances will cause less dilution. It was management’s desire to sustain a share price at $0.02 into the fall of 2021, which would have minimized the current 200 million share issuance by 90% to 20 million. Despite the engagement of consultants in this arena, the small issuer selloff in the late fall and winter in 2021 seemed to have pulled our shares down with the overall market. So UH what happened?