1812 Brewing Company Inc (KEGS)

[TJG]

Palmer, I agree 100% and after the emotion of the RS announcement had run its coarse it was time to ask why.

What DD is all about is trying to understand why company's do the things they do. This move required the reading of the SEC filings concerning the CD's and the requirements behind them.

In a short version, YA states that the AS must be able to handle the conversion or Seaway is in default. As of Friday of last week the talk here and on other boards was the the OS had reached the AS...most just assumed the dumping was done when we reached that number. We have since found out that is not true.

I am convinced that the announcement of the RS and addition of the AS numbers is simply the requirement of the CD conversion language. I am also convinced after seeing how the stock held its position yesterday that we will never see "this" RS...we may see one down the road to help us move on to the next phase, which will be a big board home, but not this one.....

There certainly is a lot of evidence from the past few months that says I am nuts....but then again its my money and I chose to leave it right here and take my chances...Good Luck to all.