1812 Brewing Company Inc (KEGS)

[Jim Bishop]

It's quite simple.

"SEC Regulation SHO sets out rules governing short sales, including the mandatory close-out requirement that applies to securities in which a substantial amount of fails to deliver have occurred (“threshold securities”). Clearing agency participants and broker-dealers for which they clear positions (“participants”) must take immediate action to close out a fail to deliver position in a Threshold Security that has lasted for 13 consecutive settlement days by purchasing securities of like kind and quantity (“close-out requirement”).

http://www.nasdaqtrader.com/trader/news/2007/regulatoryalerts/ra2007-086.stm