1812 Brewing Company Inc (KEGS)

[crashman]

Nobody seems to be able what the bottom line of a True value co-op is in upstate New York. My guess would be a $100k-$200k max if there is no debt. ( I thought all Hacketts stores together ahad a $200k profit from a PR) That put the value of the future 9 stores at $4.5-$9 million with a typical retail PE of 5. at a billion OS (and I'm sure it will be more by next year) that would give you a sp of .45 cents to .9 cents. Figure in the preferred C shares conversion (after all that's what Wisbuy was paid with) you get to about 1.8 billion shares that would put the sp at $.0025 to $.005. This is a very positive outlook, given that we don't figure in the $6M for the Hacketts purchase and the possible conversion of preferred B shares. Also we don't know the cost of the Wisebuy conversions (BTW. Wisebuy failure confirmed with the pending conversion).
PR is all fluff IMO.