How many did they produce 13? When will you newbies learn you have been scammed? It doesn't matter what the company produces or how much revenues are. This stock is a debt ridden scam. $14 million in toxic debt with a 20 billion O/S. All 11 billion shares outstanding were sold at .0001. There is absolutely 0 hope for shareholders here without a reverse split and massive debt reduction not done with shares.
This CEO is a habitual scammer who has screwed hundreds of shareholders out of millions of dollars. This is not the only scam stock he has run. There are several others that all ended in the same fate as KEGS.
Do a little DD on his scam Seaway Valley Capital. That was a real doozie LOL
The SWVC CEO made common shareholders pay $20+ Million for a toxic-debt-stuffed shell, for no valid reason for SWVC common shareholders; which is a blatant violation of Any CEO's Fiduciary Responsibilities. A clean shell could have easily been bought, or built from scratch, for less than 1% of that $20+ Million cost.
And, the story about not 'understanding' the terms of the 'toxic' convertible notes, and the SWVC lawyers 'overlooking' the fine print, is total BS, at best. And, grounds for a common [and Preferred] shareholder lawsuit, at least.
And, if the CEO is personally "getting something in return" , or hiding it in some other vehicle, that is Not owned 100% by SWVC, that is a crime, And, he is personally financially responsible for all common shareholder losses, and should be serving 1+ years.
And, if the CEO is hiding it where SWVC might eventually get all or part of it, then all of SWVC's SEC Filings, so far, are fraudulent.