Replies to post #198304 on 1812 Brewing Company Inc (KEGS)

[peewee]

very interesting ! :)

[coop2z]

Holy S%$#. You are correct. Assumed debt of former affiliates in Jan 08 if I read it correctly. Not mentioned in the first quarter filing I checked. From filing:

"On January 25, 2008, a financing was completed that resulted in EcoSystem becoming the guarantor of the debts of several of its former affiliates. The beneficiary of the guarantees was YA Global Investments, LP ("YAGI"), which committed to extend credit to those affiliates. As of June 30, 2008, the outstanding principal and accrued interest of the debt was $43,040,070."

in the preceeding paragraph:

"During the first quarter of 2008 the Company's note payable to GS Agrifuels Corporation in the amount of $400,863 was forgiven."

Very interesting indeed.

[cityblade]

greggorygene: very good to read ! thanks

cb

[holter]

So, What would 30% of Agrifuels represent in assets and revenue and profits for SWVC if they get it?

[JimsZ]

On January 25, 2008, a financing was completed that resulted in EcoSystem
becoming the guarantor of the debts of several of its former affiliates. The
beneficiary of the guarantees was YA Global Investments, LP ("YAGI"), which
committed to extend credit to those affiliates. As of June 30, 2008, the
outstanding principal and accrued interest of the debt was $43,040,070.



I do not think that ESYM is taking over the debt as they are just guaranteeing the debt paid, YA just wanted a few more ways to get their money back out!