1812 Brewing Company Inc (KEGS)

[crashman]

Share structure looks eerily similar to SWVC's. I thought those preferred stock were only meant to be a poison pill? Someone must be wanting to take over the company. See bold below:

The second reason for the reverse split is to make shares of authorized common
stock available for issuance upon the conversion or exercise of derivative
securities that are currently outstanding. GS CleanTech Corporation currently
holds 1,000,000 shares of Series C Preferred Stock that are convertible into
Company common stock equal to 80% of the fully diluted capital stock of the
Company. One effect of the Reverse Split will be to make available authorized
shares for issuance upon conversion of the preferred shares.