Replies to post #181221 on 1812 Brewing Company Inc (KEGS)

[Desperado90]

Seaway Valley is also in preliminary discussions with three other acquisition / investment candidates.
These include: (i) one regional retailer, (ii) one regional retailer and wholesale distributor, and (iii) one
national consumer products company. All discussions are considered serious but are still in the very early
stages. Aggregate revenues of all three are projected to be in the $22-$24 million range for 2008.

See the bolded. Could that be winning brands, just wondering.

[JimsZ]

Think you are wrong on quite a few accounts here AP


In January Tom S said legacy debt was $100k from being finished & significan dilution should subside. We are 6 months down the line & although "significant dilution" did change, it's now "very significant dilution"

You state that Tom has said he would like to go to Nasdaq/Amex. Don't most penny stocks "have a dream" to sell common shareholders?

You stated look what Tom has done with this company. Well, what am I looking at? Tom hasn't done anything that wasn't put "on common shareholders" back &/or directly benefitting him/family/friends/insiders.

Tom S bought out Wisebuys (from himself & it was a very very failing business model) - Common shareholders were diluted or at least will be & all the while Tom gains shares for each one diluted
Tom S bought out Hacketts (We know Hacketts is & has been losing money) - Common shareholders were diluted or at least will be & all the while Tom gains shares for each one diluted
Tom S bought out NHSP (We do not know Assets/Liabilities/Revenue from this, just that "Tom Says" the revenue is approximately this $$$ amount) - Common shareholders were diluted or at least will be & all the while Tom gains shares for each one diluted
Tom S signed 8 new CD's even before paying off the 2 legacy debt CDs - 8 new ones after all the losses common shareholders had during the initial ones. - - Common shareholders were diluted or at least will be & all the while Tom gains shares for each one diluted


What has Tom done for the benefit of retail common shareholders? NOTHING!!!!!! Buying losing businesses from himself & friends? Taking over shells to get another company out of debt to make himself/kk very rich? I do not think any of these items are anything that any CEO with a real honest fudiciary approach would take, especially when you consider that common shareholders are down approximately $25 million + & the only thing we have to show for it is 5% ownership of $1 million in assets!

[AMERICAN_PSYCHO]

Seaway Valley Fund, SWVC's "INVESTMENT FUND" and what will grow into that of an "INTERNAL BANK", respectively produced net earnings of $3.2 million dollars during 2006-07.

Talk about a DIVERSIFIED Holding Company....

1. Hackett's - estimated 12+ department stores (2008)

2. Brewery - 1812 beer brand portfolio currently being positioning for growth outside the region

3. Numerous restaurants - some of which are being developed into a multi unit franchise concepts

4. Seaway Valley Fund - holds investments in numerous securities

5. Seaway Realty - formed to manage the Company’s real estate assets and will also look to acquire and/or develop additional commercial real estate assets Ready to rock - http://appsext8.dos.state.ny.us/corp_public/CORPSEARCH.ENTITY_INFORMATION?p_nameid=3790166&p_corpid=3677604&p_entity_name=%53%45%41%57%41%59%20%52%45%41%4C%54%59%20%48%4F%4C%44%49%4E%47%53%20%4C%4C%43&p_name_type=%41&p_search_type=%42%45%47%49%4E%53&p_srch_results_page=0

Posted by: AMERICAN_PSYCHO Date: Thursday, June 12, 2008 12:01:39 PM
In reply to: erdos47 who wrote msg# 181192 Post # of 181347

Tom's long-term plan is to take SWVC to the NASDAQ/AMEX (commitment). He stated that would not consider a reverse split as an option to address dilution; hence the reason why we will not see a reverse split anytime soon. There could be one well down the road to list on an exchange, but if SWVC's diversified revenue generating assets are firing on all cylinders, it will not be necessary. Tom actually does what he says he'll do as we've witnessed the last year. His current focus is that of building "Intrinsic Value". Within the last year SWVC has acquired assets of 31M+ and has projected annual revenues of $36 million to $41 million (after WiseBuys conversions and a full year of operation). However, with another Hackett’s store opening this month is Sackets Harbor and two more coming down the pipe - this will only increase SWVC's current and projected annual revenues. Considering that all of SWVC's "expansion holdings" are expanding, I only expect current and future aggregate revenues to increase.

In Tom's last shareholder letter, he stated that management is concerned with and focused on increasing shareholder value. The current market cap of this company is literally a joke. It will be interesting to see whether or not management takes advantage of this opportunity. When you consider your investment in SWVC and the due diligence you've conducted, think about how far the company has came along within the last year. Think about the events that have occurred and think about where the company is heading. Consider the type of man and leader Mr. Scozzafava is. Go with your instinct and what you know. Shareholders could very well turn their paper loss into a real one. My money is parked here. My shares are not for sale. I have patience and that of faith in the company and its management. With ongoing board meetings, work around the clock, and company expansion underway, I've got time to see where this investment goes.

On a side note - some associate Mr. Swartz with his own companies of which may have executed reverse splits in the past. Mr. Swartz may be a good fit for the company in the role that he plays, but ultimately Tom Scozzafava calls the shots. He give the thumbs up or down on action items.