Friday, October 21, 2016 10:54:52 AM
Saw this at NV SOS.
Actions\Amendments
Action Type: Designation
Document Number: 20160364336-04 # of Pages: 1
File Date: 8/16/2016 Effective Date:
PREFERRED B
I don't follow this Pierce trash like I once did. And of course it doesn't mean they will be able to convert at any time in the future if that's what this is all about.
For the purpose of assuming the Top Shelf Brands debt, ISBG will issue a new series of restricted convertible preferred shares of ISBG to note holders of DKTS. The fair market value of the debt represented by the notes is $250,000 and will be exchanged for the new series of convertible preferred shares.
http://finance.yahoo.com/news/dkts-agrees-sell-75-stake-160000528.html
Thanks
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