1812 Brewing Company Inc (KEGS)

[Soapy Bubbles]

Simple Dirt. Basic Finance.

TS in a position where he has to honor all outstanding debt in accordance w/ a payment schedule. (That's true of all debt.) He did that w/ Cornell and the others mentioned in the 10Q. This implies that this comes out of cash TS has for SWVC and his own pocketbook. (Where else would payment come from w/o destroying the company?)

Now consider the scenario where TS was paying off Corn and securing the interest in the 8K. This would be a major drain on the cash reserves and revenue SWVC would generate and could possibly break the company. Thus this is an irrational decision for a CEO. Evidence shows TS has no interest in killing SWVC.

The other case of concern is that Corn is out and the interest on the 8k is secured by TS. In this case the payments are rather small (calc using the percents -- it's cheap) and can easily fit w/in the cash and future revenue of the company. This is a wise choice of securing private funding in a way SWVC could support -- unlike the previous scenario. Thus the rational CEO would choose this scenario over the first.

It's just finance in the context of wanting a business to grow. If TS wanted to kill the business (a stance unsupported by evidence thus far), then he'd carry Corn and the 8k interest. But since thre is evidence that TS wants this business to grow, we can only conclude the second scenario.

In addition, what kind of private investor would sink that much money into a company loaded w/ Corn debt? Not many -- if any. The rational investor must know something we don't in order to make such a decision to invest -- that SWVC is out of Corn. Else it's a poor investment and would render a private investor as irrational. And there's nothing to make a person believe that a rational investor would ignore Corn given their history.