1812 Brewing Company Inc (KEGS)

[Dowboy]

Thanks AP, but some of your info is incorrect. I still have some questions; hope you can direct me towards some info on the $500,000 from Paul Graham?

The 2.7 mil went straight to TS as it was a sale form his personal holdings in our company, why would we expect him to reinvest it into the company or did he mention it?

My DD on Seaway Valley Fund, LLC shows this is a WiseBuys asset and the funds are currently invested (used for acquisition of Hacketts) and the total is reflected on the WiseBuys balance sheets. Note WiseBuys/Hacketts need money for Phase 1.

From 10QSB on 11/14/07
Note 8 - DEPOSIT ON IVNESTMENT
In September 2007, the company entered into a $500,000 debenture agreement with two individuals (see Note 4). The proceeds received were deposited into a Seaway Valley Fund, LLC account as an advance deposit of the pending transactions with Wisebuys Stores, Inc. Seaway Valley Fund, LLC is a wholly owned subsidiary of Wisebuys Stores, Inc. The funds were subsequently used in November 2007 during the acquisition of Hacketts (see Note 9).

Note 9 - SUBSEQUENT EVENTS
Merger Agreement
. . . . . . . . WiseBuys Stores, Inc., which was organized in 2003, owns and operates five retail stores in central and northern New York. It also owns a portfolio of minority investments indirectly through its wholly owned subsidiary, Seaway Valley Fund, LLC. Thomas Scozzafava and his sister, Deirdre Scozzafava, owned Seaway Valley Fund, LLC prior to its acquisition by WiseBuys in 2006.

My DD from the 8-K/A on 10/26/07
Seaway Valley Fund, LLC
WiseBuys Stores, Inc. acquired Seaway Valley Fund, LLC in January 2006 from Thomas Scozzafava and Deirdre Scozzafava. Seaway Valley Funds holds a portfolio of minority investments, which it buys and sells from time to time. As of September 30, 2007, the portfolio consists of:
Market Securities Value
---------- -------
Common Stock $663,911
Cash $750,633
Also . . . . .
The accompanying financial statements include the accounts of WiseBuys Stores, Inc. and its wholly-owned subsidiary, Seaway Valley Fund, LLC from the date of acquisition. All material inter-company transactions have been eliminated.

And . . . .
SEAWAY VALLEY FUND, LLC HAS HISTORICALLY BEEN DEPENDENT FOR SUCCESS ON A KEY EXECUTIVE OFFICER. ITS INABILITY TO RETAIN THAT OFFICER WOULD IMPEDE ITS BUSINESS PLAN AND GROWTH STRATEGIES, WHICH WOULD HAVE A NEGATIVE IMPACT ON BUSINESS AND THE POTENTIAL VALUE OF ANY INVESTMENT IN SEAWAY. LOSS OF KEY PEOPLE OR AN INABILITY TO HIRE NECESSARY AND SIGNIFICANT PERSONNEL COULD HURT OUR BUSINESS. Seaway Valley Fund, LLC historic performance has been entirely dependent on the efforts and abilities of its President, Thomas W. Scozzafava. Mr. Scozzafava founded Seaway Valley Fund, LLC and has exclusively managed it since 2003. The sudden loss of his services could have a material adverse effect on business, results of operations, and financial condition. Furthermore, there can be no assurance that Mr. Scozzafava will be able to manage growth or be able
to attract and retain additional qualified personnel as needed in the future. The Fund can give no assurance that it can find satisfactory replacements for this key executive officer at all, or on terms that are not unduly expensive or burdensome to the Fund.

Ok Xeller8 hope the grammar is Ok, did more DD and got a lot more before posting. I hope to avoid any (further) embarrassment from a typo.

PS i am not bashing nor pumping, but some comments dont add up and i just need some clarification. Why delete just because I don’t see what others claim?