Replies to post #194436 on 1812 Brewing Company Inc (KEGS)

[JimsZ]

Some of the "preferred C" shares have already converted, approximately $60k out of $5.25 million!

Doesn't matter if it's a big conversion, what matters is they have and can at any time!

[travel489]

I believe you are correct. The preferreds are owned by those who saw the plan from the inside, the sellers of their own businesses. They took the newly issued preferreds in exchange for an oppotunity to do bigger and better things within SWVC. If all fails, their preferreds are still backed-up by their original assets...sort of speak.