1812 Brewing Company Inc (KEGS)

[AMERICAN_PSYCHO]

The public shell came with $1.52 million dollars worth of debt (June 30, 2007). July 26, 2007 - SWVC's accountant realized SWVC was libable for $500K worth of debt from the past. This debt stemmed from convertible debentures held by Cornell/Highgate. August 15, 2007, we learned that at least two thirds of the Highgate debentures have been satisfied to date.

2/3 x $1,230,000 (Highgate debt) = $820,000
$1,520,000 - $820,000 = $700,000
$700,000 + $500,000 (prior debt) = $1,200,000

O/S on August 15, 2007 was around 450 million shares.
Total debt on August 15, 2007 is estimated to be $1.2 million

After 2 months of dilution, how much debt is left?