1812 Brewing Company Inc (KEGS)

[mannyman]

Regarding Joe Ettore


Sorry I did not get the chance to write earlier, I am in retail and you've got to know how busy retail is right now.

Here is the deal

I had a nice conversation with Joe, he might be a little over the hill and out of touch with today's consumer, but a really nice guy for sure.

He confirmed that Tom signed a multimillion dollar line of credit with Wells Fargo. He told me that half the money would go to pay down the Hacketts debt and the rest to be used for working capital.

He also told me that Tom introduced him to a real sharp exec from Canada. He did not tell me the guys name, but did tell me that the guy either is or was (I was not clear on this) the president of the largest department store chain in Canada.

Funny, I just saw that a franchise company I watch went belly up in Canada. That is another story and for sure, not the guy we want to run our operation.

Joe could not tell me the outcome of the conversation of the Canadian guy but said that he (Joe) would love to see this guy take over our company and make it grow.