Replies to post #82130 on 1812 Brewing Company Inc (KEGS)

[gail]

crooked, i have been dying to ask, and im sure veryone knows, but who in the world is that sweaty man anyway?

[SFGiants]

this might be old, im just trying to get all my facts straight



In exchange for the capital stock in GS Carbon Trading, GS CleanTech assumed liability to Cornell Capital Partners under certain Convertible Debentures in the principal amount of $1,125,000 issued by GS Carbon to Cornell Capital Partners. Cornell Capital Partners agreed to the transfer of liability and release of GS Carbon from liability under the Convertible Debentures in consideration of GS Carbon's agreement to permit Highgate House Funds, Ltd., an affiliate of Cornell Capital Partners, to purchase 20,000,000 shares of GS Carbon Corporation by cashless exercise of certain warrants issued by GS Carbon to Highgate House Funds.


to me that says that GSCleanTech, AKA GSCT, took over the debt of GSCarbon Corp, AKA GSCR, in exchange for all of GSCR's capital stock in those companies above. Is there a convertible debenture that we do not know about?