1812 Brewing Company Inc (KEGS)

[holter]

Question:Where did Tom Go Wrong?
Key points

#1) There are two types of reverse mergers....The ones where a company goes out and buys a shell on their own, reverse merges into the shell and begins trading. Then they go out and try and raise money. These are weak deals.

#2) The second type of reverse merger the company merges into a shell and simultaneously they do a PIPE financing and raise 10-50 million dollars at the same time. Now you have a fully funded public company with tons of cash on their books.

Answer: #1