Replies to post #126114 on 1812 Brewing Company Inc (KEGS)

[Squeezer]

Yes very true;; could be everyone focusing on the $l00,000 wording, not the "LESS THAN"

"That could be $99K or it could be $1K... Hmmmmmmmmmm"

[big_pop]

can anyone cite another ceo who has ver outlined the remaing amount of sub-penny cd's in a pr???

[travel489]

I hope someone can put the remaining legacy debt numbers into perspective for all those who may be new to this site / company or for those who are so very hung up on the issue.

As best I can recall, the remaining amount....somewhere between $1,000 and $100,000...is a mere pitance of the original amount that TS is referring to.

Does anyone have a good estimate as to the original amount of debt that came with the shell? Someone on this board keeps mentioning '$15 million' to purchase the shell, but I think that is way off-base.

[DK 212]

So here's a thought...

What if as I said before the remaining Legacy debt was significantly "less than $100K"?

Suppose the remaining convertibles were wrapped up (say last Friday) and the housekeeping needs to be squared away before releasing the PR? Yesterday's reduction of the OS was obviously not a significant amount, probably just a re-examination of the outstanding share count turned up a discrepancy or two. When the new accountants came on board they probably looked over the books and set the number straight with the TA. This would account for recent inactivity in TA reports of OS.

If indeed the legacy cds are done, as I surmise, the news will likely be released with the new acquisition PR and the Hackett's expansion update PR soon to follow. This will set the stage for the 10K due before the end of March.

All in my opinion, of course.

GLTL
ftb

PS: I ignore most of the FUDslingers, so if you don't own any shares or haven't done DD don't bother trying to drag me into your negative agenda, I'm not going to bother with you.