Top Shelf Brands Holdings Corp. (DKTS)

[Carini]

"I knew there would be obstacles to overcome but never dreamed the issues with the corporate shell would turn out as they did," Pierce said. "Regardless of the decision on the letter of intent, the company will work diligently to resolve these problems and move to clean up this shell so that we will have a much smoother path to success when subsequent assets are acquired."

The issues with the corporate shell aside, Pierce is extremely happy with the model used to bring about the Besado brand.

"This is the culmination of what a holding company does - acquire assets below market value, develop those assets, and sell them for a profit," said Top Shelf Brands CEO, Alonzo Pierce. "If it is in the best interest of the company and its shareholders to accept the offer, we will. Regardless, I do want to stress this model worked for DKTS and we will continue to use and develop this model in the future to purchase new assets and therefore continuing to increase shareholder value for DKTS shareholders."

https://finance.yahoo.com/news/top-shelf-brands-announces-receipt-174500771.html