Replies to post #143417 on 1812 Brewing Company Inc (KEGS)

[Palmer032]

Hey, did you happen to read the amended 8-K with the conversion formula for the warrants exactly as I told you it would be.

There's one less thing you can misguide people with.

Section 2. Exercise of Warrant.


(a) Subject to the terms and conditions hereof, this Warrant may be exercised
by the holder hereof then registered on the books of the Company, pro rata
as hereinafter provided, at any time on any Business Day on or after the
opening of business on such Business Day, commencing with the first day
after the date hereof, and prior to 11:59 P.M. Eastern Time on the
Expiration Date solely on a cashless basis (i) by delivery of a written
notice, in the form of the subscription notice attached as Exhibit A hereto
(the "Exercise Notice"), of such holder's election to exercise this
Warrant, which notice shall specify the number of Warrant Shares to be
purchased, payment (on a cashless basis as detailed below) to the Company
of an amount equal to the Warrant Exercise Price(s) applicable to the
Warrant Shares being purchased, multiplied by the number of Warrant Shares
(at the applicable Warrant Exercise Price) as to which this Warrant is
being exercised (plus any applicable issue or transfer taxes) (the
"Aggregate Exercise Price") and the surrender of this Warrant (or an
indemnification undertaking with respect to this Warrant in the case of its
loss, theft or destruction) to a common carrier for overnight delivery to
the Company as soon as practicable following such date. In lieu of making
payment of the Aggregate Exercise Price in cash or wire transfer, this
Warrant shall be exercised on a cashless basis and the Holder shall
\receive upon such exercise the "Net Number" of shares of Common Stock
determined according to the following formula (the "Cashless Exercise"):

Net Number = (A x B) - (A x C)
B

For purposes of the foregoing formula:

A = the total number of Warrant Shares with respect to which
this Warrant is then being exercised.

B = the Closing Bid Price of the Common Stock on the date of
exercise of the Warrant.

C = the Warrant Exercise Price then in effect for the
applicable Warrant Shares at the time of such exercise.

[puppydotcom]

thats why I asked him this question about toms fantasy share buy back hype'
lol

by puppydotcom

did tom write a check from company funds or from his own pocket and are the shares back in the company treasury?