1812 Brewing Company Inc (KEGS)

[daimyo]

This dilution is the best evidence that a deal is actually going to be done. Sure it might be the last of old debt, I personally have no way to know. But the question that's been begging the entire time has been "How does Seaway plan to pay for Wisebuys?" Sure, the claim is that Wisebuys has financing in place for Hacketts. But as far as I can see, not even a hint as to what is going to be used to pay for Wisebuys. That's why a change to a "share merger" both made sense, seemed an authentic gesture, but also chased smart money out until the deal is completed. Again I have no way of knowing, but it seems plausible enough that while SWVC shares have some value, the "shareholders" of Wisebuys can take themselves a payout in just this way. While the dilution obviously isn't great for the short term PPS, I think it's probably a sign that, at least, we'll finally see some sort of closed deal - and our shell take on some substance.

Did people think Wisebuys was going to be a gift?