1812 Brewing Company Inc (KEGS)

[Drugdoctor]

In 2003 and 2004, WiseBuys also borrowed approximately $1.147 million from various county Industrial Development Agencies, of which principal of about $711,000 is outstanding today. In total, WiseBuys has repaid principal of approximately $1.245 million of bank and IDA loans. Scozzafava added, "It is our goal to continue to strengthen the company's balance sheet to position the company for further growth opportunities. The weighted average interest rate of the remaining outstanding IDA loans is about 4.4%."

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So they are getting SBA loans, etc., and traditional financing, so I believe a million dollar bank loan would not be out of the question, or some of the "New York money" to take preferred shares at a conversion rate = to .015 to show their confidence in this company.

Let's just see what happens.

Going to be fun next week!