1812 Brewing Company Inc (KEGS)

[az_maverick]

That 80% is there so Tom maintains control. Doubt he will do anything other than hold that out there as a means of keeping control. From the last filing...

...the power of the Board of Directors to provide for the issuance of shares of common stock without shareholder approval has potential utility as a device to discourage or impede a takeover of SVCC. In the event that a non-negotiated takeover were attempted, the private placement of stock into “friendly” hands, for example, could make SVCC unattractive to the party seeking control of SVCC. This would have a detrimental effect on the interests of any stockholder who wanted to tender his or her shares to the party seeking control or who would favor a change in control.