@RMS555: Enjoy These Recent & Easily Verifiable Facts of KEGS:
Extreme shareholder dilution:
Increase of over 100 million in the past 2 weeks.
Outstanding shares exploded from about 10.8 million in December 2024 to 93.8 million by September 2025 and then to 346.6 million by November 2025. Outstanding Share count as of 3/19/26 856,993,224 That is massive dilution in less than a year driven primarily by debt settlements and repeated share issuances.
Authorized share count is enormous
The company has 20 billion common shares authorized which gives management essentially unlimited ability to dilute shareholders going forward.
Preferred stock controls the company
One holder owns 100,000 Series E Preferred shares that control roughly 80 percent of the fully diluted voting power. Common shareholders effectively have no control over corporate decisions.
Series E conversion is highly toxic
The Series E converts into four times the fully diluted common share count minus existing holdings. This structure is extremely dilutive by design and represents a constant overhang on the common stock.
Balance sheet is deeply insolvent
Total liabilities are about 17.1 million while total assets are only about 5.0 million resulting in a negative equity deficit of more than 12 million. This is balance sheet insolvency.
Company is running on minimal cash
Cash on hand is just $65,835 at quarter end down from $154,627 while long term liabilities remain essentially unchanged.
Going concern risk is explicitly acknowledged
The filing states operations are subject to significant financial and operational risks including the risk of business failure and confirms there are no employment contracts with key executives.
Revenue is declining
Nine month revenue fell from about 1.91 million in 2024 to 1.51 million in 2025. Restaurant revenue declined significantly and ecommerce beer sales collapsed from over $40,000 to about $7,000.
Debt history is ugly and unresolved
Convertible notes dating back as far as 2007 to 2012 remain an issue. While some restructuring occurred portions were abandoned renegotiated or partially repaid using hundreds of millions to billions of shares.
Massive share issuance for debt and consulting
Examples include 100 million shares issued on June 30 2025 multiple issuances of 10 to 27 million shares nearly every few weeks and 2 billion restricted shares issued to a consultant for a note conversion. This is dilution financing not organic growth funding.
Financials prepared entirely by management
The CEO CFO and Chairman are the same person and the financials are unaudited and prepared internally not by an independent accounting firm.
Long history of failed business pivots
The company has cycled through multiple unrelated industries over decades including medical video conferencing carbon credits finance and hospitality. That history matters when evaluating execution risk.
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