1812 Brewing Company Inc (KEGS)

[crooked33]

something else is confusing also

"Four of the Series C shares can be converted into a share of common stock at 85% of the market price."

is that like saying that the current common, currently at $.025, is worth 4 times the preferred C? With 4 preferred C you get 1 common? Is that right?

So the wisebuys legacy owners own 1.4M C shares/4 or 350K roughly of common shares? Is that right? Can anyone clarify this for me? Thanks!