Replies to post #179780 on 1812 Brewing Company Inc (KEGS)

[JimsZ]

So, on top of the common shareholder cost of 20 million dollars, Tom S actually sunk 300k into the shell?


From what I read, Tom S took over the shell & the shell debt (which was 1 convertible CD to Candent for 300 million shares at .001) & NO other costs

Of which, at the time there was only a 95 million O/S prior to KK converting 21,750 preferreds to 322 million commons (421 million shares total & 78,150 preferreds)


Now, if Tom S would have converted those commons back to preferreds using the O/S stated in Def14C there would be 400 million shares O/S after convertible debt done. Any new/additional CD's would have gotten much better rate of exchange than now. The total O/S with all cd's paid off would be under 750 million shares right now if not for the YA/Cornell debt!