Panache Beverage Inc. (fka WDKA)

[Roland Rick Perry]

I think we got punked.

LOL, well the new site is pretty. IR section is status quo.

Best to stay on sideline and watch.

http://consimllc.com/Consilium_Investment_Management/Real_Estate.html

Under the agreement, lender Consilium Corporate Recovery Master Fund Ltd. will not charge the default interest rate or late fee on $6.1 million of outstanding debt. Consilium could have charged 17 percent interest during the period of default, plus a late fee equal to five percent of a monthly payment. Consilium is secured by a second priority interest in Panache's distillery, plus interests and trademarks of the company.

In March, the company had previously amended agreements with Consilium to extend the maturity dates of several notes for $4 million, $1.4 million and $2.1 million. The notes now mature on May 9, 2017.