Top Shelf Brands Holdings Corp. (DKTS)

[hedge_fun]

It means Pena submitted an opinion based on........

events that had not yet occurred.

On April 11, 2012, the law office of Mark E. Pena issued an opinion with regard to the convertibility of the debt into free trading shares of the Corporation.

http://www.sec.gov/Archives/edgar/data/1424718/000114420412047802/v322309_10q.htm

The "third term" below had been corrected on 4/10/12, but the assumption of debt occurred two days AFTER Pena sent his letter to ClearTrust.

Whereas Emperial Amricas, Inc. shareholders had previously received shares of a Nevada Corporation as part of a business acquisition, there is no entitlement of shares in this transaction, since no shares shall be required to shareholders.

This hadn't occurred as Pena opined.........

However, the transaction involving the debt becoming an obligation of EA. Emperial Americas as the surviving entity recognized the debt in an amendment to its articles of incorporation whereby the debt of Emperial Americas was recognized as a liability of the surviving entity, under the same terms and timing as the original debt was held and under the acquisition of debt by subsequent holders.

Do you recall the court being told EA had received those shares?

And didn't the preferred shares represent control?