1812 Brewing Company Inc (KEGS)

[extra]

az; it's not "if that CEO ever converts those preferreds" ,,,

it's 'when' he converts.

And, until they are all converted,
and fully disclosed as floating + diluting shares,
all valuations of outsider shareholder equity,
are overstated by 500% .

But, we shorters don't mind the confusion.
To us, it's a free 5x paid-up insurance policy.
While longs keep overpaying by 5x, as they
continue to not notice that very well hidden,
5x 'Fully Diluted' fact.

For most real companies, 'Fully Diluted' is
usually 2-10% more shares. I've never heard of
anything close to 400% more hidden shares.

And, it is our top fact, justifying the short of SWVC.
And, the 500% overstatement could go up to 5000% ,
anytime that the only1 voter votes, like he did last year,
and now he owns 80% of all votes, no matter how much more
dilution occurs, due to toxic conversions, or
new-share printings, or whatever else he creates.

Who knows if it's legal. But, no longs seem to care.
And, it's better than sliced cake, for us shorters.