1812 Brewing Company Inc (KEGS)

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Lucky here is the wording I recieved from IR when I asked that same question on the raising of the AS, what bothered me was it was a two-fold question and they only answered one part. I also asked why the R\S as it doesn't help us move to a higher exchange

"Seaway Valley will be in default of the debentures without the increased in authorized. It's stated in the language of the loan agreements, which are filed with the SEC."