You made some very pertinent points that I agree with. Nicely done.
I personally doubt they’ll have audited financials, It’s way too pricey, it would eat up any profit and add to their expenses which is already over $200k quarterly.
I don’t believe I’ve ever read that KEGS participated in The World Beer Cup competition - I’ve read that the most prestigious award. But I do agree the market is not Impressed.
More New Sizable issuances this quarter from Trillium and Brian McLain, 2.7+ Billion shares added, both restricted and unrestricted.
I also read their Yelp page - the menu looked fun, but the reviews were not good. It might be perfectly fine food, but the reviews were a major turn off (cobwebs etc, beef tacos with no meat, just fat). The service got mixed reviews from really good to nonexistent.
One couple was in Watertown for the solar eclipse and ate at Maggie’s on the River. The mayor said in her speech that they had been preparing for the influx of people for years, yet many restaurants remained closed. Go figure! As the reviews stated, they were understaffed and ran out of many items on their menu. She described the fare as basic pub food, but they sat upstairs and had a good view of the river.
At any rate, the 1:1000 reverse split is coming according to Scozzafava “sometime” in the 2nd quarter, 2024.