Replies to post #78238 on 1812 Brewing Company Inc (KEGS)

[az_maverick]

Sounds to me like they have the option to hold the C's up to $4.00 max value, or trade now for the .025. As for the difference in T/A number vs. 8k...would need to read more into the 8K to find out if other info presented.

[billscomp]

that's not good.
series b stock, 100,000 is equal to 80% of outstanding shares? so if there are 450 million shares the 100,000 are equal to an additional shares in toms pocket? is this correct? it's what it seems to be saying to me. maybe a pr would be a good idea. i am long, i do not want this to tank. someone have a better view? i can't post much more, i don't think. b

[oldhamegg]

This begs the question, How would preferred C Shares, if they had been converted on 10/1/07, be reflected in the 8K? Could they still be converted at that rate anytime after 10/01/07? It doesn't appear so but?....

Sorry about the full quote of your text, but I don't know how to be all fancy with posting yet.

Well one would think so, but read the filing, it's not that simple, they even give an example of it converting with the commons at .02, in which case it converts to 274,491,461 commons.

" Upon completion of the Merger, there were 450,099,879 shares of the
Company's common stock issued and outstanding. In addition, there were 1,458,236
shares of Series C Convertible Preferred Stock issued and outstanding, which
could be converted into 274,491,461 common shares at the market price of $.02 1/2 on October 1, 2007. In addition, there were 100,000 shares of Series B
Preferred Stock issued and outstanding, which could be converted into 80% of the
outstanding common stock.