The Assets are verified by county records; 3 properties for SHBP Realty Holdings Llc which is a subsidiary of KEGS and 2 separate businesses (soon to be 3 separate businesses)!
KEGS has purchased Maggies on the River as the loans are already in place, just waiting for the New York State Liquor Authority. KEGS already has 3 liquor licenses so the 4th should not be a problem!
The original 2 note holders haven't converted into shares if you look at disclosures! When Annual Report comes out we will see if they have held true to their tentative agreement (so far)!
In the meantime; I will let time prove the shareholders of KEGS right (again)!
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