Replies to post #173361 on 1812 Brewing Company Inc (KEGS)

[crashman]

"to let us see, where you take wrong assumptions"

The assumpion that I take wrong assumpions is wrong! Please read the filings and do your own calculations geee

[JimsZ]

current O/S

1,151,400,000

current pps as of yesterday close .0044

Swartz converts $5,250,000 at 95% of 5 day average which is probably around .004 which = .0038/pps

$5,250,000/.0038 = 1,381,578,948 shares owed to Swartz

YA converts 2,200,000 or so at 80% of 5 day average

$2,200,000/.0032 = 687,500,000 shares owed to YA

Preferred C shares convert $5,832,944 at 21.25% of current market price per last 10k as defined here "The Series C Shares each have a liquidation preference of $4.00 (i.e. a total liquidation preference for the Series C shares of $5,832,944). The Series C shares can be converted into shares of common stock at 21.25% of the market price" on page 23. I do not remember any previous filings on which the family only converted at 21.25% of market price, anyone else remember this?



$5,832,944/.00085 = 6,862,287,058 shares owed to Preferred C's (family)

Just taking the above 3 into consideration you come up with

1,151,400,000 + (current O/S)
1,381,578,948 + (owed to Swartz)
687,500,000 + (owed to YA)
6,862,287,058 = (owed to family)
_______________
Gives a total dilulted O/S not counting Tom's 80% of total
10,082,766,006 shares X 4 to get Tom's 80% of total fully diluted
Tom gets 40,331,064,024 shares

10,082,766,006 + (others)
40,331,064,024 = (Tom S 80% of fully diluted O/S)

50,413,830,030 fully diluted O/S


This is considering the pps would not fall from the current level during conversions, although I'm sure the pps would be around .0003 if all were to try to convert at once!


HOPE THIS HELPS!