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Old 12-14-2009, 04:12 PM   #1
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Default Buy a Beer Company.

This popped up on my Facebook page today. Not much info, but somewhat interesting.

http://buyabeercompany.com/

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Old 12-14-2009, 04:22 PM   #2
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That is pretty cool. Even to only send $5, you could say you own a piece of a legendary American Institution.

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Old 12-14-2009, 04:23 PM   #3
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hmm, seems sketchy... Until I can see a full corporate governance report, I think I'll keep my money.

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Old 12-14-2009, 04:30 PM   #4
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I agree...it does sound very sketchy

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Old 12-14-2009, 04:33 PM   #5
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Its a gimick. You helped them by donateing and what do you get in return? A certificate that says I donated and some beer. It might be cool if you actually got some stock or some sorta stake in the company. But you get nothing for your money other than a really over priced beer.

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Old 12-14-2009, 04:41 PM   #6
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There was another thread about this on Friday, I think.

What I was wondering is how make flakes he will get. When you make a pledge on that site, you don't actually pay anything. You are just stating that that you will contribute.

I'm betting that he will get $300M worth of "promises", make an offer, and then collect no money from all of the supporters.

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Old 12-14-2009, 04:44 PM   #7
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I like the disclaimer at the bottom of the page: "This is not a solicitation for monetary funds." It's not??

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Old 12-14-2009, 05:17 PM   #8
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I hope it works. Right now they are the largest AMERICAN owned brewery. Chances are they will get bought by another foriegn entity and more of our money will be going out of the country. This makes me sad. I wish I had the money to buy it. I love PBR in the summer.

I am tired of seeing all of our big companies get bought and the profits shipped offshore.

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Old 12-14-2009, 06:08 PM   #9
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seems to have some marketing muscle behind it:

And Pabst is not family-owned but instead held by a charitable trust, which recently put it up for sale. In 1985, Pabst was bought by Paul Kalmanovitz, who also snatched up other semi-defunct brands such as Lone Star and Olympia. When Kalmanovitz died in 1987, he left Pabst to a charitable trust in his name. But as charities aren't supposed to own for-profit companies, the IRS has given the foundation until 2010 to sell off the business.

With Pabst on the market, one potential offer has emerged with a gimmick as quirky as PBR itself. In what he says started out as a joke, Michael Migliozzi -- managing partner of advertising agency Forza Migliozzi -- is attempting to crowdsource the purchase of Pabst by creating buyabeercompany.com, a joint venture with ad agency the Ad Store.


http://money.cnn.com/2009/12/10/news...ex.htm?cnn=yes

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Old 12-14-2009, 07:42 PM   #10
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If they actually manage to get enough pledges of money to get to $300 million, when (if) people actually start paying up, I hope they're planning to put the money in escrow until they actually collect enough to execute the transaction.

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