1812 Brewing Company Inc (KEGS)

[Faucet]

straight from the DEF 14C..............................


'Therefore, there is not an adequate number of authorized but unissued shares of Common Stock available for conversion of the outstanding Preferred Shares and Convertible Debentures and the exercise of the Warrants. The Reverse Split and the Share Increase will make available some of the shares needed for these purposes. Management hopes that an increase in the stock price will reduce the magnitude of the potential conversions and make 10 billion authorized shares adequate for its purposes. There is no assurance, however, that an additional recapitalization will not be required at a later date.

The second reason for the Reverse Split and Share Increase is that the Board of Directors wishes to have authorized but unissued stock available for various purposes, such as effecting acquisitions, business expansion, obtaining financing, and recruiting management personnel, all of which will be necessary if SVCC is to undertake new business operations.'


what a joke, I mean really. Does this guy think all other people are stupid? Guess what that makes HIM. LOL LOL