1812 Brewing Company Inc (KEGS)

[Geaux Fish]

Here is your 8k sign IMO!

The old saying it not over to the fat lady sangs, well she is singing don't stop thinking about tomorrow.

This reads pretty good.

http://www.sec.gov/Archives/edgar/data/884380/000126912707000210/svc8k102307.txt



WiseBuys can avoid start-up expenses if it is to
continue an aggressive growth strategy, and while start-up expenses may be
significant they are viewed as an investment in future recurring business and
necessary to grow the company.


The lower margins and lower per item sales prices of the goods are
generated primarily because of WiseBuys' third party partners in "discount"
clothing and footwear. For the future, WiseBuys management intends to supplement
or replace these partners with internally procured merchandise of higher
quality, higher margin goods. We are exploring a number of avenues to achieve
this reformation of our business model. Bringing clothing and footwear
procurement and merchandising capability in house to WiseBuys is one of the key
motivations for the current plan to acquire Patrick Hackett, which would replace
our third party vendors with a fully integrated system for marketing high
quality clothing and footwear under proprietary labels.


Despite the reduction in sales, we realized a 4% increase in gross profit, from $737,556 in the six months ended July 31, 2006 to $804,533 in the six months ended July 31, 2007.

They had profits and they increased, can you say Bingo

When fiscal year 2007 began, WiseBuys Stores, Inc. had a net operating loss
carryforward as a result of losses incurred in prior years. Because it was
entitled to apply that NOL carryforward to its taxable income for fiscal 2007,
WiseBuys incurred no federal income tax for the year. We did, however, realize
deferred taxes in the amount of $203,217 as a result of the reduction in value
of our NOL carryforward. This was offset in part by an $85,936 realization of
New York State tax credits during fiscal 2007, resulting in net income for the year of $478,053.


The most recent large capital contribution was the transfer to WiseBuys in
January 2006 of Seaway Valley Fund, LLC. Our liquidation of securities held by
the Fund has offset the negative cash flow from our stores since January 2006.

At July 31, 2007 we held securities with a market value of $1,408,015 in the
Fund, which represented a major portion of the $2,553,453 in working capital
that we had on that date. The other major portion of our working capital on that
date was inventory of $1,408,015, which was readily saleable. As a result, we
have the capital resources necessary to carry on operations for the next year,
despite continuing losses.

Float 450,099,879 shares are outstanding

Timing all with the Ma-50 to cross the ma-200 Golden Cross


Looks like I going to need a bigger boat IMO!

GLTY

GF