Replies to post #91496 on 1812 Brewing Company Inc (KEGS)

[PremierStocks]

Viva,

I cannot seem to find the counts of the O/S and the dates they increased. I do know that the reason I came up with my 40 million though is that although they converted about 500K worth sub-penny, there wasn't a O/S increase until it was trading at or around .03. That is why I came up with my calculations.

I don't have the patience today to review the dates of the O/S increases but I am quite sure if you lay them over a price chart I am pretty damn close.

[crashman]

I'm not sure what the C shares are supposed to have to do with Cornell? Is there anything to misunderstand About this from the 8k?:
"In exchange for the WiseBuys shares, the Company issued to the shareholders of WiseBuys 1,458,236 shares of the Company's Series C Convertible Preferred Stock."

Since Tom owned most of Wisebuys, he now owns most of the C shares. Unless he is selling you all down the drain by converting the C shares already, the dilution must come from Cornell but not from C convertibles.