1812 Brewing Company Inc (KEGS)

[az_maverick]

I changed it..doing spreadsheet at same time. Point is, I don't see that as being the main source of conversion issue.

The key is to concentrate on those that converting and watching if sp is sustainable for conversion. If so,

Here is the effect of the deal (provided SP value stay same post split)..

Commons will have only 466,602,319 outstanding,

while 9,533,397,681 will be available for issuance.

Not all of the 9.5Billion will be issued in my opinion, as the filing states 5,692,827,937 would be for conversion of Debentures if ALL of the Debentures converted at the current sp (adjusted for the split).

I don't see any of the Preferreds converting or the warrants, so that leaves approximately 6Billion o/s and debt completely paid off. Commons would own 466M of the 6.1Billion or 7.6% of the o/s.

Question is what would be the share price of this stock at 6.1billion shares, with all assets CD free?