Replies to post #82177 on 1812 Brewing Company Inc (KEGS)

[Jimbo01]

You guys really should read everything in the SEC filings:

http://www.sec.gov/Archives/edgar/data/884380/000126912707000175/filename1.txt

He thought it cost less but instead got stuck with someone else's debt. I've pointed this letter out several times now.

 
      o    The recently  discovered debts that are the reason for the restatement 
           were incurred prior to the 2006 acquisition of a controlling  interest 
           in GS Carbon by GreenShift Corporation. 
  
      o    In  connection  with the  acquisition  of  control  by  GreenShift,  a 
           complete change in management occurred. No person who had knowledge of 
           those debts remained associated with GS Carbon on December 31, 2006. 
  
      o    As soon as  management  became aware of the debts,  it  disclosed  its 
           awareness  of the debts in the Annual  Report on Form  10-KSB for 2006 
           and commenced an investigation of the debts. 
 

Seems like it explains the extra cost to me. Maybe I'm wrong?

--j.

[Faucet]

what's your point?

[AMERICAN_PSYCHO]

No that's not right. At the time that Tom bought this shell on July 1, 2007, it came with $1.52 million in convertible debentures. That number has since significantly reduced.

It wasn't until July 26, 2007 that the accountant realized SWVC might be liable for $498,074 in debt instruments.

Your $200K figure is wrong as well. You might could buy a non-reporting company that trades on the Pink Sheets for that much.