1812 Brewing Company Inc (KEGS)

[bornlong]

Additional Facts:
The Hacketts deal also calls for an option pool for Hacketts management of 5% of common; 85% converstion. These are less dilutive as the company will get cash when exercise that helps the BS.

Some speculation:
The options will likely be used to incentivize the Hacketss management team to stay on and vest over several years. This vesting of options may coincide with the future payments on the Hacketts notes. They would excerces their option, the company recieves cash, and the cash is used to pay the notes due on the Hacketts deal. That would be slick in a good way.