THall
2 días hace
If you actually read the filings you would know the debt is 15 million. 14 million secured by shares and an additional $1.2 million loan for Maggies secured by realestate
Trading symbol: KEGS
Exact title and class of securities outstanding: Common Stock
CUSIP: 812815 504
Par or stated value: $0.0001
Total shares authorized: 20,000,000,000 at September 30, 2024
Total shares outstanding: 10,804,739,557 at September 30, 2024
Number of shares in the Public Float: 8,486,595,465 at September 30, 2024
Total number of shareholders of record: 250 at September 30, 2024
Total Liabilities $ 14,135,854
Accumulated Deficit $ (14,405,129)
As previously announced, 1812 Brewing Company, Inc. (the “Company”) had been in discussions with its two
convertible debenture (“CD”) holders and a third-party Trillium Partners LP (“Trillium”) to restructure and ultimately
eliminate convertible debt, plus accrued interest, that totaled $13,712,779 as of the period ended June 30, 2022.
As also reported, Trillium and the CD holders entered into an agreement to transfer this debt to Trillium. Elimination
of this debt was and is a top priority for the Company. In 2020 and 2021 alone, the accrued interest on these CDs
generated interest expense of $1.9 million. On October 17, 2022, the Company entered into a Settlement Agreement
and Stipulation with Trillium (“Settlement Agreement”), subject to court review and approval, whereby the Company
agreed to issue shares of common stock to Trillium pursuant to the Section 3(a)10 exemption at a discount of 35%
to the market price (versus a 50% discount that the Company was contractually obliged with the former Convertible
Noteholders). Full satisfaction of the Settlement Agreement would discharge the Company’s convertible debenture
liabilities for $8,486,342 of proceeds to the former CD holders, which represented a reduction of approximately $5
million (or approximately 37% of the outstanding obligations) to the original CD holders.
Dragonman1
3 semanas hace
Just waiting patiently for the Quarterly report to knock the Socks off previous earnings, this is surely gonna be epic, IMHO, The bashers are not here for no reason, this must good, the bashers are trying to keep this bad boy in the cellar, cellar boxing? Does that ring a bell?
Date Close High Low Volume Short Volume % of Vol Shorted
Mar 06 NA NA NA 1,822,500 525,000 28.81
Mar 05 NA NA NA 670,000 500,000 74.63
Mar 04 NA NA NA 913,399 876,899 96.00
Mar 03 NA NA NA 925,199 550,000 59.45
Feb 28 NA NA NA 1,190,000 1,010,000 84.87
Feb 27 NA NA NA 6,500,000 500,000 7.69
Feb 26 NA NA NA 507,000 500,000 98.62
Feb 25 NA NA NA 610,299 600,000 98.31
Feb 24 NA NA NA 1,800,000 269,578 14.98
Feb 21 NA NA NA 1,075,498 930,499 86.52
Feb 20 NA NA NA 1,500,000 1,500,000 100.00
Feb 19 NA NA NA 2,651,000 1,650,000 62.24
Feb 18 NA NA NA 2,800,500 2,600,000 92.84
Feb 14 NA NA NA 12,384,384 4,439,999 35.85
Feb 13 NA NA NA 500,000 500,000 100.00
Feb 12 NA NA NA 31,550,000 30,550,000 96.83
Feb 11 NA NA NA 510,297 500,000 97.98
Feb 10 NA NA NA 3,076,000 3,056,000 99.35
Feb 07 NA NA NA 9,058,699 9,058,699 100.00
Source: https://www.otcshortreport.com/company/KEGS