Replies to post #80126 on 1812 Brewing Company Inc (KEGS)

[Zotron]

Your example is correct. The difference is that Walmart has not issued new securities to increase the o/s. In our situation the Preferred B convertibles are Issued securities which are convertible at any time with no restrictions. Keep in mind that the 8k is very clear in stating that Tom basically owns 80% of this company thru the Preferred B shares.

[janice shell]

The day Tom starts converting preferreds to common is the day this will start to be figured into the current valuation of the company, not before then

You need to consider what "fully diluted" means, and how seriously professionals take that.