1812 Brewing Company Inc (KEGS)

[crashman]

"The plan was for Seaway Valley to issue shares of its stock to creditors in an amount equal to the debt owed to each and Fuselier would sell each creditors' shares over time, using the proceeds to pay the creditor. The plan was not enacted because not enough creditors were willing to participate, according to court documents."

Yep, the company will limp on as they rain more shares onto the market.