1812 Brewing Company Inc (KEGS)

[crashman]

Famous last words:

Posted by: Hoocher
In reply to: SQEEZER who wrote msg# 106776 Date:12/4/2007 9:53:29 AM
Post #of 106783

Yeah, at least we don't have much selling. Cornell is done.


Posted by: investor911
In reply to: AMERICAN_PSYCHO who wrote msg# 104797 Date:11/29/2007 4:43:44 PM
Post #of 104817

IMO We got the answer to your 1st question today. C DONE

Posted by: tommy boy
In reply to: ksbigger who wrote msg# 102366 Date:11/26/2007 8:45:25 AM
Post #of 102373

no more O/S increase from CD's, they were done at 793 million

http://investorshub.advfn.com/boards/read_msg.asp?message_id=24780365

Posted by: cdnkid10
In reply to: cocktails and dreamz who wrote msg# 81520 Date:10/26/2007 4:32:44 PM
Post #of 100881

Simple calculations of the conversion prices since July 20, 2007 says their done!!! BUT until Tom tells everyone they are done, no one will believe the calculations!!!

Posted by: therealtruth10
In reply to: janice shell who wrote msg# 82708 Date:10/28/2007 12:29:57 AM
Post #of 100888

Yes.. but this was done when the PPS was less than .01 and advantageous to Cornell.

So you speak of history.

Stock has done very well during this conversion ....we are at 2.5 cents .. are we not ...



Posted by: cdnkid10
In reply to: None Date:10/27/2007 4:59:30 PM
Post #of 100889

Lowtrade, how about this DD that took me about an hour to calculate:

July 20 I/A as reported on filing 368,626,011
August 16 T/A reported I/A increased to 440,990,177
Difference is 72,364,166 at a conversion price of .00425 = Payment to Cornell of $307,547.71
Note: to come up with the conversion price I took the previous 5 tradings days LOWEST close price and applied the 85% discount per the CD. I did this with all of the following conversion prices also

Sept 12 T/A reported I/A increased to 496,688,075
Difference is 55,697,898 at a conversion price of .0051 = Payment to Cornell of $284,059.28

October 1 T/A reported I/A increased to 627,964,010
Difference is 131,275,958 at a conversion price of .0136 = Payment to Cornell of $1,785,352,72

As of October 1 the total paid to Cornell is $2,376,959
Cornell is more than done in these calculations and they are approximates so you can take a 5% error factor either way.

The last increase was an EVEN 25 million which means the last 25 Million was something else Tom was working on and it just may be the sale of shares to pay cash for the Wisebuy and the Hackett deals as he reported he now has cash ON HAND to complete both transactions.

Now remember, this could of been happening weekly but I used W/E numbers to try to simplfy the calculations!

Now how is that for some BAD A$$ Due Diligence.

See I concur with you, Cornell was done on October 1 and that is why the delay occurred on the 8K filing! Tom was waiting for them to get the hell out of his way!!!


Posted by: therealtruth10
In reply to: janice shell who wrote msg# 81962 Date:10/26/2007 9:33:53 PM
Post #of 100889

Janice,

Let's not mislead with your "Cornell convertibles are floorless."

You mean FLOORLESS WITH A CAP OF 4.9% of the Company's outstanding common stock..

With todays share count of 650 million. (4.9 % = about 30 million shares)

That is still only 30 million shares... assuming that none have been sold to date...which is obviously not the case.

Most likely when Cornell is done (if not already) , they will have added far less than 30 million shares to the market.
My guess closer to 20 million. A drop in the bucket the way this stock has been trading.

The market has absorbed the Cornell shares pretty well IMO.