1812 Brewing Company Inc (KEGS)

[az_maverick]

Tom's answer is in this PR excerpt regarding the significant dilution. AS you will see below, the expectation of significant dilution subsiding shortly is preceded by the phrase in bold below.

It's easy to see that Tom was referring to the legacy conversion dilution subsiding shortly. Yet, time and time again I read about Tom mis-speaking about further dilution...

"Management is focused on creating shareholder wealth with the potential addition of these assets and will continue to work to deliver these and others into the portfolio if and when appropriate. Additionally, with less than $100,000 of the legacy sub-penny convertible debentures remaining, we expect the significant dilution to subside shortly. Thank you for your continued patience and participation, and we look forward to additional activity in the coming months."

My take is that GGI has been the one converting, not YA - but I'm sure everyone has made their own conclusions...