Replies to post #91552 on 1812 Brewing Company Inc (KEGS)

[stevo51]

spon on eagle..where did those shares go?..em

[crashman]

Yes pr's say one thing, filings are fuzzy but say another thing. I think Tom S and KK are great in confusing the heck out of shareholders while diluting at the same time. Once the shareholder are on the up and up, it's too late for them.

[AMERICAN_PSYCHO]

No doubt.

[crashman]

From the 10KSB (below) assets were only about 2.6M, from the 10Q's they lost something over $4m/quarter. So I don't know where those 7M are. Also I doubt Cornell would let KK just run away without guarantees that these will be paid. Agrifuels balance sheet is worse than even this one, so I'm sure he wasn't allowed to take it there.
Also in the rm pr it says that they take over "certain debentures". Like I said, they sure don't make it transparant and that usually is a very bad sign IMO


"ASSETS

Current assets:

Cash ................................................... $ 188

Property and equipment, net (Note 3) ........................ 147,047

Other Assets:
Investments - at cost .................................. 1,935,763
Investments - equity method ............................ 303,078
Security deposits (Note 11) ............................ 7,548
Technology Licenses, net (Note 4) ...................... 235,195
-----------
Total other assets ................................. 2,481,584
-----------

TOTAL ASSETS ................................................ $ 2,628,819
"