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Other than Brewing => The Pub => Topic started by: narcout on December 14, 2009, 11:38:25 PM

Title: Buying the Pabst Brewing Company
Post by: narcout on December 14, 2009, 11:38:25 PM
Check it out:

http://www.buyabeercompany.com/

There's also some more info in this article:

http://money.cnn.com/2009/12/10/news/companies/pbr_pabst_blue_ribbon.fortune/index.htm?cnn=yes
Title: Re: Buying the Pabst Brewing Company
Post by: boulderbrewer on December 15, 2009, 03:35:24 AM
Maybe I should talk to Augie Pabst and get the real recipe and start a real revival.
Title: Re: Buying the Pabst Brewing Company
Post by: rep on December 15, 2009, 04:19:15 AM
Maybe I should talk to Augie Pabst and get the real recipe and start a real revival.

I think the states Stewardship program acquired a piece of an old Pabst property up your way.  Am I correct on that?
Title: Re: Buying the Pabst Brewing Company
Post by: The Professor on December 15, 2009, 04:40:26 AM
Maybe I should talk to Augie Pabst and get the real recipe and start a real revival.

Yeah...and bring back Pabst Bock.  'Twas one of my favorites 40 years ago in my college years.
Roasty, delicious, perfect for my even then quirky image  (I never drank 'normal' beer) ...and it was priced right.
Title: Re: Buying the Pabst Brewing Company
Post by: a10t2 on December 15, 2009, 05:08:10 AM
perfect for my even then quirky image  (I never drank 'normal' beer) ...and it was priced right.

Funny, that's why hipsters drink PBR now.
Title: Re: Buying the Pabst Brewing Company
Post by: scottyb on December 15, 2009, 11:28:00 AM
Your bell bottoms will come back in style one day too.
Title: Re: Buying the Pabst Brewing Company
Post by: majorvices on December 16, 2009, 01:42:50 PM
So, who is really getting all that money??? That has to be a fantastic scam, if it works. A fool and his money ....  ;)
Title: Re: Buying the Pabst Brewing Company
Post by: nicneufeld on December 16, 2009, 02:30:32 PM
So, who is really getting all that money??? That has to be a fantastic scam, if it works. A fool and his money ....  ;)

My first impression too, I admit...
Title: Re: Buying the Pabst Brewing Company
Post by: tygo on December 16, 2009, 03:00:09 PM
Yeah, I thought that the benefits promised (other than a token amount of beer) where a little vague.  Even if it's not a complete scam what does "ownership certificate" mean?  You get a certificate they printed off from their computer saying, "Congratulations, you are the proud owner of 0.0000017% of the Pabst Brewery!"
Title: Re: Buying the Pabst Brewing Company
Post by: narcout on December 16, 2009, 06:32:12 PM
So, who is really getting all that money??? That has to be a fantastic scam, if it works. A fool and his money ....  ;)

I don't think it's a scam, but it is interesting that there is no mention of whether holding an "ownership certificate" entitles one to a share of the profits interest.

I'm not a securities lawyer, and it's an extremely complicated area of the law, but my guess would be that they are trying to avoid having this pledge drive qualify as the offering of a security subject to regulation by the SEC.

If they actually reach the $300 million goal and attempt to collect the money (notice they are not actually asking for any money at this point), I think they would have to register the offering with the SEC (unless they qualify for one of the exemptions) and provide each potential investor with a qualifying prospectus which would contain all of the relevant information which the website is obviously lacking.

Of couse anyone who is really interested in becoming the part owner of a brewing company can simply buy stock in any of the ones that are publicly traded...
Title: Re: Buying the Pabst Brewing Company
Post by: boulderbrewer on December 19, 2009, 04:51:06 AM
Maybe I should talk to Augie Pabst and get the real recipe and start a real revival.

I think the states Stewardship program acquired a piece of an old Pabst property up your way.  Am I correct on that?

Not sure, I have not seen it in the paper, but you never know around here it takes alot of time to see what is going around here. Augies property was not a long time held property by the family.
Title: Re: Buying the Pabst Brewing Company
Post by: The Professor on December 19, 2009, 06:01:43 AM
Your bell bottoms will come back in style one day too.
...oh god...no...just shoot me...
Title: Re: Buying the Pabst Brewing Company
Post by: boulderbrewer on December 21, 2009, 02:39:01 AM
Your bell bottoms will come back in style one day too.

I hope they do and the ones with vertical red, white and blue strips. :o