Top Shelf Brands Holdings Corp. (DKTS)

[loanranger]

This is a fascinating and convenient document and I appreciate that you have gotten around to making it available.
http://www.scribd.com/doc/250630867/Registrar-Control-1-1-11-Thru-10-29-13

As you say, it shows that....
"A 65,163,231 share cancellation posted 12/12/11 reduced the i/o to 2,072,116,296."
Coincidentally the outstanding share amount is precisely 1,000,000,000 shares higher than the amount that the CEO reported in the 8-K filing that said....
"The number of outstanding shares of common stock is unchanged at 1,072,116,296."
....matching the OTCMarkets filing that reported the same number as of 1/24/14.

But your document conflicts with the 10-Q filing for the period ended 9/30/11 in 2 ways:
It shows two cancellations, and they are the last two items listed in your report: One for 86,858,277 shares on 11/15/11 and the one that you report cancelling 65,163,231 on 12/12/11. The previous half a dozen or so entries listed reflect additions/issuances to the outstanding, not subtractions. However, the 10-Q makes the following statement in its Subsequent Events Section:
"On November 15, 2011, Sunderland and Hoboken returned a total of 345,075,544 shares to the treasury for cancellation."
Obviously your report doesn't reflect that and hence it does not agree with that statement.
Can you explain why your report shows such a significant difference in the number of shares cancelled relative to the statement in the 10-Q?

The second difference is in the outstanding numbers as of September 30, 2011. The Balance Sheet in the 10-Q indicates that there were 1,357,446,399 shares outstanding as of that date whereas your report indicates that there were 2,224,137,804 shares outstanding as of the same date.


I'm not sure whether the information that you saw fit to edit out of your report would account for these large discrepancies, but I'm struck by the fact that, in spite of them, the outstanding share count that the CEO chose to report as of 1/24/14 was exactly 1,000,000,000 shares less than that which your report shows as of 12/12/11.


You previously indicated that you were "given the list for a specific company function, namely figuring out who owned what." Were you also asked to attempt to reconcile the 2011 outstanding share numbers to determine what they were when the company ceased filing? Did you participate in the determination that the proper outstanding number to report as of 1/24/14 was 1,072,116,296?