1812 Brewing Company Inc (KEGS)

[RMS555]

KEGS has a lot going for it, certain posters refuse to see it.

KEGS just purchased a new restaurant in early April 2024 that will bring in about $5k a day in revenue or about $1.8 million annually, now known as 1812 on the River. Restaurant/Bars have a very good profit margin, minimum 45% and can be up to 75% (or more). KEGS profit margin are in that range after looking at the prices on the menu.

KEGS didnt do a reverse split or sell shares to purchase the new restaurant either. The CEO of KEGS (Thomas Scozzafava) has put in over $1.3 million of his own money since 2020. He would rather have money come out of his pocket then dilute (that tells me a lot).

KEGS just started shipping/selling beer into Canada in December 2023. That will bring in more revenue/profits for KEGS. KEGS quarterly report coming out in about 2 weeks will show an increase in revenue year to year (guaranteed). KEGS numbers on the Annual Report are small enough to be real and not fluffed up, everyone needs to understand that. If the numbers were a lot higher for a small seasonal restaurant/brewery I would say that doesnt look right. Im not afraid to be honest.

There is around $16 million in debt for KEGS, I wont argue that. But what I can and will argue is that over $13 million of that debt is technically non existent right now since the note holders have not converted into shares in over 10 years. There is a tentative agreement for those note holders to not convert until KEGS market cap reaches $100 million. Those note holders are living up to that agreement so far and no-one can argue with that (its well documented).

The small monetary risk is well worth the reward. The CEO of KEGS is doing everything right, its just the stock price that is bad for KEGS. I will let time tell the truth for the shareholders of KEGS (as I continue to buy more shares of KEGS).

Lets Go KEGS! More Good News!

https://www.otcmarkets.com/stock/KEGS/news