Replies to post #242973 on 1812 Brewing Company Inc (KEGS)

[Navtrol53]

It's the convertible debentures.
https://www.investopedia.com/terms/c/convertibledebenture.asp

[RMS555]

We already know that the fool force won't look at disclosures/news to verify KEGS has not given shares to the original note holders of the $13.7 million in debt for over 10 years and that they have tentatively agreed not to convert until market cap of KEGS reaches $100 million. I posted for their new member to read and he is still repeating $13.7 million in toxic debt silliness. Here it is again:

Therefore, I have had subsequent discussions with each of the debt holders, and they have tentatively agreed to continue to waive any accruing interest as well as to abstain from any conversions until the market value of the Company exceeds $100 million. It should be noted that neither debt holder has converted into common stock in over ten years

https://www.otcmarkets.com/stock/KEGS/news/1812-Brewing-Company-Addresses-Outstanding-Convertible-Debentures?id=385470

Good Luck To All Shareholders of KEGS!

Lets Go KEGS! More Good News! (most likely next week!)

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

the fool force = VeronicaFox, Huggy Bear, DJ Ponder who is currently missing, the kid THall, and congratulations to their new member rbtree!

[rbtree]

But the debt still exists, doesn't it? How soon will the massive 20 bn A/S be threatened?

Will recidivist offending reverse splitter CEO also reverse the A/S when the 1:1000 takes effect?

Do you know what happens to the O/S and the share price once such an r/s occurs? I do. KEGS won't be any different.