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Tiger Reef Inc. (TGRR)

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Last Post: 11/23/2017 1:04:06 PM - Followers: 76 - Board type: Free - Posts Today: 8



http://www.tigerreefinc.com/

TIGER REEF, INC. (OTCQB: TGRR)

Tiger Reef, Inc. is a diversified producer of ultra premium rums under the Tiger Reef® brand 

 

 


Share Structure is from Company Website(Current as of November 15th)

 
 
       
Ticker Symbol TGRR
52-Week Price Range (High - Low) $0.17 - 0.0007
Total Common Stock Issued and Outstanding
82,440,651
Estimated Free-Trading Public "Float" (%) 76,355,651 (92.6%)
Stock Transfer Agent VStock Transfer, LLC
Independent Auditing Firm M&K CPAS, PLLC
 
  
                                                                                                                                                                                                                                  
2017 NEWS

Nov 6th, 2017

As reported in a press release and Form 8-K on October 11, 2017, Tiger Reef has been trying to work with its lenders to agree to a 60-to-90 day forbearance on all of its outstanding convertible debt to allow the company a chance to obtain new financing to expand its ultra premium rum business since suffering catastrophic losses and setbacks to its business from Hurricane Irma on September 6, 2017.  Unfortunately, these efforts have proven fruitless and the Forbearance Agreement will not be ratified.

Tiger Reef will continue its efforts to secure sources of new financing.  However, this challenge has become significantly more difficult without the Forbearance Agreement in place.


Oct 11, 2017

MIAMI, Oct. 11, 2017 (GLOBE NEWSWIRE) -- Tiger Reef, Inc. (OTCQB:TGRR), a diversified producer of ultra premium rums under the Tiger Reef® brand and a developer of casual dining restaurant properties throughout the Caribbean under the Mermaid Reef Ocean Grill & Lounge™ brand, issues its first statement and shareholder update since its St. Maarten headquarters experienced a direct hit from Hurricane Irma during the early morning hours on September 6, 2017.

Hurricane Irma Damage Report 

Hurricane Irma hit the Caribbean and our St. Maarten headquarters with minimum sustained winds of 185mph and locally recorded gusts approaching 300mph.  95% of the structures on St. Maarten sustained some level of damage with upwards to 70% of the structures losing some, if not all, of their roofs.  Tiger Reef was not an exception.

Our office headquarters suffered catastrophic damage during the storm.  The roof of the building was ripped off during the storm allowing for flooding which was followed by a small electrical fire (extinguished, we assume, by the incredible wind speeds generated by the storm).  All of our office equipment, computers, paper files (electronic files were backed up offsite and have been recovered), etc. was damaged beyond repair during the storm.  Some equipment has since been replaced and phone service restored which has allowed Management to resume a normal level of operations.

Simpson Bay Resort & Marina Mermaid Reef Ocean Grill & Lounge™

Tiger Reef was in the process of renovating a leased waterfront restaurant space in the Simpson Bay Resort & Marina in preparation of opening the first Mermaid Reef Ocean Grill & Lounge™ in time for the 2017 tourist season.  We were two weeks into renovating the restaurant space when Hurricane Irma struck.

Simpson Bay Resort & Marina and our restaurant location also suffered massive damage and flooding.  The following YouTube video shows the level of damage caused to this resort by Hurricane Irma: https://vimeo.com/235096890.

Management from both Tiger Reef and Simpson Bay Resorts & Marina have had multiple discussions since the storm regarding the future of the resort and restaurant.  It is estimated that the resort will be closed for a minimum of six months, probably longer, before it can resume accepting guests.

Based on this fact, as well as other uncertainties, Tiger Reef and Simpson Bay Resorts & Marina have mutually agreed to terminate the lease agreement for this restaurant space.  Tiger Reef will make a one-time write-off in the current fiscal quarter for its lost investment in this restaurant property.

As such, Tiger Reef is temporarily suspending all efforts related to the Mermaid Reef Ocean Grill & Lounge™ brand.  Tiger Reef will reevaluate its options for this brand in the coming months after the company recovers from the losses incurred as a result of this storm.

Share Price, Financing and SEC Reporting

Tiger Reef is aware of the steep decline in its share price since Hurricane Irma struck.  Although painful in the short-term, Management believes the share price can recover once the company resumes regular operations and secures new financing.

Towards this goal, Tiger Reef is starting to negotiate with its current lenders for a 90-day moratorium on all conversions pursuant to its various outstanding convertible promissory notes.  Should all of Tiger Reef’s lenders agree to this moratorium, then an orderly conversion process can be established which will allow Tiger Reef’s share price to recover and open the door for new rounds of financing needed to move the company forward and away from this natural disaster.

In conjunction with all of the above, Tiger Reef will be petitioning the SEC for an extension to file its Quarterly Report on Form 10-Q for the period ended September 30, 2017.  We understand that hardship extensions have been granted to some companies.  Considering the difficulties we will have recreating some of the records that were lost during the storm, we are hopeful the SEC will grant us an extension.  Should the SEC grant Tiger Reef a hardship extension, it will be reported to shareholders via a Form 8-K filing in the future.

Tiger Reef® Ultra Premium Rums

Moving the company forward, Management has made the decision to focus the majority of their efforts on completing the branding design work and begin importing Tiger Reef® ultra premium rums into the US market.  Management anticipates making significant progress over the coming months with finalizing the branding design work and obtaining government regulatory approval to import, market and sell its line of Tiger Reef® ultra premium rums in the United States. 

Additional news on the importer of record, images of design and prototyping, and so forth will be released via formal press releases in the near future.

 

May 25, 2017

LAS VEGAS, May 25, 2017 (GLOBE NEWSWIRE) -- International Spirit and Beverage Group Inc. (OTCPK:ISBG), a Nevada based alcoholic beverage company specializing in the development, marketing and global sales of innovative wine and spirits brands, is pleased to announce that it has entered into a Letter of Intent to import the Caribbean based Tiger Reef® brand of ultra premium rums into the United States.

Pursuant to this Letter of Intent, ISBG will assist Tiger Reef with obtaining US regulatory approval, including COLA and TTB certification and bottle/label design approval, for all three of Tiger Reef’s rums.  Once Tiger Reef rums are legally allowed into the US, ISBG will continue to work with Tiger Reef as the importer of record and to help develop the US market for this exclusive brand, including facilitating and making key introductions in respect to distribution, marketing, warehousing, and retailers.

Both companies anticipate effecting definitive agreements in support of this Letter of Intent within the next 90 days.

“We are thrilled to add the Tiger Reef® brand of ultra premium rums to our growing portfolio of top-shelf spirits,” said Alonzo Pierce, President and Chairman of ISBG. “This is a tremendous opportunity for ISBG to make its mark on the very exciting and rapidly growing top-shelf rum segment of the distilled spirits market.” 


Apr 11, 2017

MIAMI, April 11, 2017 (GLOBE NEWSWIRE) -- Tiger Reef, Inc. (OTCQB:TGRR), a diversified producer of ultra premium rums under the Tiger Reef® brand and a developer of casual dining restaurant properties in the Caribbean under the Mermaid Reef Ocean Grill & Lounge™ brand, announces that it has retained Dynamic Creatives Group (“DCG”) to assist it with:

  • Designing the custom luxury bottles for Tiger Reef’s three ultra premium rums.
    Create case boxes for Tiger Reef’s rums that are both functional and visually appealing for use in point-of-sale (POS) displays and promotions.
    Develop a modern website that promotes the Tiger Reef brand of ultra premium rums.
    Upon product launch in the US, undertake a comprehensive social media campaign to generate brand awareness and introduce the Tiger Reef brand to target demographic groups.

About Dynamic Creatives Group

Dynamic Creatives Group is a creative advertising agency.  Our work has its roots in Scandinavia, where the leading idea is Less Is More – design which is characterized by minimalism, free space, subtlety and elegance.  We develop comprehensive corporate identities.  Starting from the logo, through the wordmark, business cards, stationery, internal and external communication documents, brochures, catalogues and any other promotional materials.  Current clients include Ferrari, Maserati, McLaren, Porsche, and Jaguar among many others.  For more information, visit www.dynacreatives.com.


Mar 29, 2017

MIAMI, March 29, 2017 (GLOBE NEWSWIRE) -- Tiger Reef, Inc. (OTCQB:TGRR), a diversified producer of ultra premium rums under the Tiger Reef® brand and a developer of casual dining restaurant properties in the Caribbean, announces that it has cancelled 90,250,000 shares of its outstanding common stock, or approximately 80%, of the 113,044,500 issued and outstanding common stock.  As a result of this share cancellation, Tiger Reef now has 22,794,500 shares of common stock issued and outstanding.

Management is exploring the feasibility of cancelling additional shares of Tiger Reef’s outstanding common stock in the future and remains diligent about finding new avenues to enhance overall shareholder value.

 

6 Month Chart


 

 

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TGRR News: Statement of Ownership (sc 13g) 11/20/2017 01:50:33 PM
TGRR News: Current Report Filing (8-k) 11/15/2017 04:37:28 PM
TGRR News: Current Report Filing (8-k) 11/13/2017 01:02:25 PM
TGRR News: Current Report Filing (8-k) 11/09/2017 10:41:31 AM
TGRR News: Current Report Filing (8-k) 11/07/2017 09:59:54 AM
PostSubject
#448  Sticky Note TGRR's Tiny SS: times2times2 11/02/17 11:45:12 AM
#1145   Who knows Dahmer they might leave it at Law of Averages 11/23/17 01:04:06 PM
#1144   big meaty bid thin ask is how to Dahmer 11/23/17 12:43:36 PM
#1143   Happy Thanksgiving to all! TGRR cstutz 11/23/17 11:19:47 AM
#1142   Agreed !!!10000% Greece1 11/23/17 01:36:46 AM
#1141   Im expecting. 01+ November or December. This ticker Law of Averages 11/23/17 01:01:29 AM
#1140   Don’t care what u all say! All your Greece1 11/23/17 12:30:36 AM
#1139   https://www.stockscores.com/chart.asp?TickerSymbol=tgrr&TimeRange=90&Interval=d& Dahmer 11/23/17 12:20:07 AM
#1138   https://www.stockscores.com/chart.asp?TickerSymbol=tgrr&TimeRange=30&Interval=d& Dahmer 11/23/17 12:12:38 AM
#1137   Because it hasn’t changed since the last update....TGRR Liquid1974 11/22/17 08:56:09 PM
#1136   NO COST to put out a 8/K... BRATTLECAM 11/22/17 08:51:07 PM
#1135   We are going to need some Volume!! BRATTLECAM 11/22/17 08:38:57 PM
#1134   The business was still in development? What income jockingjayz 11/22/17 07:48:57 PM
#1133   This moves easy. Go up from here. kid70 11/22/17 04:11:53 PM
#1132   Does anyone know if they had Insurance..interrruption Insurane,,,CEO BRATTLECAM 11/22/17 02:58:22 PM
#1131   Do you have a retail source in the BRATTLECAM 11/22/17 02:49:54 PM
#1130   bid is growing, nothing on ask did 0007 Dahmer 11/22/17 02:40:56 PM
#1129   https://www.stockscores.com/chart.asp?TickerSymbol=tgrr&TimeRange=30&Interval=12 Dahmer 11/22/17 02:39:11 PM
#1128   Conversions have stopped great sign jockingjayz 11/22/17 02:13:48 PM
#1127   Creeping up anongoldmine 11/22/17 01:46:29 PM
#1126   .0008x.0009 interesting. Law of Averages 11/22/17 01:30:32 PM
#1125   TGRR is at a crossroad right now. Nobody Law of Averages 11/22/17 12:39:00 PM
#1124   This will drift down to .0005.. BRATTLECAM 11/22/17 11:27:58 AM
#1123   Yep. The o/s is small plus we have Liquid1974 11/21/17 07:41:10 PM
#1122   Its going to fly soon 100% jockingjayz 11/21/17 04:30:47 PM
#1121   Who was Leanardo??? BRATTLECAM 11/21/17 04:09:21 PM
#1119   What a garbage stock Disquisition 11/21/17 04:02:02 PM
#1118   Do ready to pop here workofmajik 11/21/17 03:48:05 PM
#1117   test VNDM @ .005? cstutz 11/21/17 03:43:55 PM
#1116   Bottom is reached , now we can start Gigi70 11/21/17 03:41:43 PM
#1115   TGRR how high we goin this round wealthmoney 11/21/17 03:38:35 PM
#1114   Bottom in anongoldmine 11/21/17 03:11:03 PM
#1113   Wouldn't say still, but yeah back in TGRR wealthmoney 11/21/17 01:28:10 PM
#1112   This is holding strong here at .0007 suprised Law of Averages 11/21/17 12:16:57 PM
#1111   you still in stud? Dahmer 11/21/17 11:52:18 AM
#1110   Here comes the flippers tgrr wealthmoney 11/21/17 11:26:03 AM
#1109   Agreed. But as the #’s show in volume Liquid1974 11/21/17 10:24:39 AM
#1108   Actually I think triple bottom today. With workofmajik 11/21/17 10:20:04 AM
#1107   If they don't let those .0007s go thru Law of Averages 11/21/17 10:08:25 AM
#1106   now we are spread .0007-.0010 thin thin thin Slydogg27 11/21/17 10:03:40 AM
#1105   There it goes the selling early in the Greece1 11/21/17 10:01:55 AM
#1104   Think We see .0005-------that forebearance Clause is what BRATTLECAM 11/21/17 06:25:57 AM
#1103   Saying that transfers were not Legal,and brought BRATTLECAM 11/21/17 05:56:45 AM
#1102   Il pray for the penny tonight. Lol Greece1 11/20/17 08:58:34 PM
#1100   http://www.4-traders.com/news/Tiger-Reef-Inc-OTCMKTS-BWBG-Files-An-8-K-Notice-of Slydogg27 11/20/17 08:30:54 PM
#1099   On November 12, 2017, Tiger Reef’s transfer agent Slydogg27 11/20/17 08:29:17 PM
#1098   https://www.sec.gov/Archives/edgar/data/1593470/000159347017000023/tgrr_form8k04 Slydogg27 11/20/17 08:27:39 PM
#1097   https://www.sec.gov/Archives/edgar/data/1707607/000121390017012344/0001213900-17 Slydogg27 11/20/17 08:26:34 PM
#1096   https://whalewisdom.com/filer/blackbridge-capital-growth-fund-llc Slydogg27 11/20/17 08:25:33 PM
#1095   Wrong on both counts. DFDBTB 11/20/17 07:05:14 PM
#1094   NAH BRUH RIGHT BOARD LOL jockingjayz 11/20/17 06:23:59 PM
PostSubject