1812 Brewing Company Inc (KEGS)

[crashman]

From the 10KSB (below) assets were only about 2.6M, from the 10Q's they lost something over $4m/quarter. So I don't know where those 7M are. Also I doubt Cornell would let KK just run away without guarantees that these will be paid. Agrifuels balance sheet is worse than even this one, so I'm sure he wasn't allowed to take it there.
Also in the rm pr it says that they take over "certain debentures". Like I said, they sure don't make it transparant and that usually is a very bad sign IMO


"ASSETS

Current assets:

Cash ................................................... $ 188

Property and equipment, net (Note 3) ........................ 147,047

Other Assets:
Investments - at cost .................................. 1,935,763
Investments - equity method ............................ 303,078
Security deposits (Note 11) ............................ 7,548
Technology Licenses, net (Note 4) ...................... 235,195
-----------
Total other assets ................................. 2,481,584
-----------

TOTAL ASSETS ................................................ $ 2,628,819
"