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Tiger Reef Inc. (TGRR)

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http://www.tigerreefinc.com/

TIGER REEF, INC. (OTCQB: TGRR)

Tiger Reef, Inc. is a diversified producer of ultra premium rums under the Tiger Reef® brand 

 

 


Share Structure is from Company Website(Current as of December 4th)

 
 
       
Ticker Symbol TGRR
52-Week Price Range (High - Low) $0.17 - 0.0007
Total Common Stock Issued and Outstanding
82,440,651
Estimated Free-Trading Public "Float" (%) 76,355,651 (92.6%)
Stock Transfer Agent VStock Transfer, LLC
Independent Auditing Firm M&K CPAS, PLLC
 
  
                                                                                                                                                                                                                                  
2017 NEWS

Nov 6th, 2017

As reported in a press release and Form 8-K on October 11, 2017, Tiger Reef has been trying to work with its lenders to agree to a 60-to-90 day forbearance on all of its outstanding convertible debt to allow the company a chance to obtain new financing to expand its ultra premium rum business since suffering catastrophic losses and setbacks to its business from Hurricane Irma on September 6, 2017.  Unfortunately, these efforts have proven fruitless and the Forbearance Agreement will not be ratified.

Tiger Reef will continue its efforts to secure sources of new financing.  However, this challenge has become significantly more difficult without the Forbearance Agreement in place.


Oct 11, 2017

MIAMI, Oct. 11, 2017 (GLOBE NEWSWIRE) -- Tiger Reef, Inc. (OTCQB:TGRR), a diversified producer of ultra premium rums under the Tiger Reef® brand and a developer of casual dining restaurant properties throughout the Caribbean under the Mermaid Reef Ocean Grill & Lounge™ brand, issues its first statement and shareholder update since its St. Maarten headquarters experienced a direct hit from Hurricane Irma during the early morning hours on September 6, 2017.

Hurricane Irma Damage Report 

Hurricane Irma hit the Caribbean and our St. Maarten headquarters with minimum sustained winds of 185mph and locally recorded gusts approaching 300mph.  95% of the structures on St. Maarten sustained some level of damage with upwards to 70% of the structures losing some, if not all, of their roofs.  Tiger Reef was not an exception.

Our office headquarters suffered catastrophic damage during the storm.  The roof of the building was ripped off during the storm allowing for flooding which was followed by a small electrical fire (extinguished, we assume, by the incredible wind speeds generated by the storm).  All of our office equipment, computers, paper files (electronic files were backed up offsite and have been recovered), etc. was damaged beyond repair during the storm.  Some equipment has since been replaced and phone service restored which has allowed Management to resume a normal level of operations.

Simpson Bay Resort & Marina Mermaid Reef Ocean Grill & Lounge™

Tiger Reef was in the process of renovating a leased waterfront restaurant space in the Simpson Bay Resort & Marina in preparation of opening the first Mermaid Reef Ocean Grill & Lounge™ in time for the 2017 tourist season.  We were two weeks into renovating the restaurant space when Hurricane Irma struck.

Simpson Bay Resort & Marina and our restaurant location also suffered massive damage and flooding.  The following YouTube video shows the level of damage caused to this resort by Hurricane Irma: https://vimeo.com/235096890.

Management from both Tiger Reef and Simpson Bay Resorts & Marina have had multiple discussions since the storm regarding the future of the resort and restaurant.  It is estimated that the resort will be closed for a minimum of six months, probably longer, before it can resume accepting guests.

Based on this fact, as well as other uncertainties, Tiger Reef and Simpson Bay Resorts & Marina have mutually agreed to terminate the lease agreement for this restaurant space.  Tiger Reef will make a one-time write-off in the current fiscal quarter for its lost investment in this restaurant property.

As such, Tiger Reef is temporarily suspending all efforts related to the Mermaid Reef Ocean Grill & Lounge™ brand.  Tiger Reef will reevaluate its options for this brand in the coming months after the company recovers from the losses incurred as a result of this storm.

Share Price, Financing and SEC Reporting

Tiger Reef is aware of the steep decline in its share price since Hurricane Irma struck.  Although painful in the short-term, Management believes the share price can recover once the company resumes regular operations and secures new financing.

Towards this goal, Tiger Reef is starting to negotiate with its current lenders for a 90-day moratorium on all conversions pursuant to its various outstanding convertible promissory notes.  Should all of Tiger Reef’s lenders agree to this moratorium, then an orderly conversion process can be established which will allow Tiger Reef’s share price to recover and open the door for new rounds of financing needed to move the company forward and away from this natural disaster.

In conjunction with all of the above, Tiger Reef will be petitioning the SEC for an extension to file its Quarterly Report on Form 10-Q for the period ended September 30, 2017.  We understand that hardship extensions have been granted to some companies.  Considering the difficulties we will have recreating some of the records that were lost during the storm, we are hopeful the SEC will grant us an extension.  Should the SEC grant Tiger Reef a hardship extension, it will be reported to shareholders via a Form 8-K filing in the future.

Tiger Reef® Ultra Premium Rums

Moving the company forward, Management has made the decision to focus the majority of their efforts on completing the branding design work and begin importing Tiger Reef® ultra premium rums into the US market.  Management anticipates making significant progress over the coming months with finalizing the branding design work and obtaining government regulatory approval to import, market and sell its line of Tiger Reef® ultra premium rums in the United States. 

Additional news on the importer of record, images of design and prototyping, and so forth will be released via formal press releases in the near future.

 

May 25, 2017

LAS VEGAS, May 25, 2017 (GLOBE NEWSWIRE) -- International Spirit and Beverage Group Inc. (OTCPK:ISBG), a Nevada based alcoholic beverage company specializing in the development, marketing and global sales of innovative wine and spirits brands, is pleased to announce that it has entered into a Letter of Intent to import the Caribbean based Tiger Reef® brand of ultra premium rums into the United States.

Pursuant to this Letter of Intent, ISBG will assist Tiger Reef with obtaining US regulatory approval, including COLA and TTB certification and bottle/label design approval, for all three of Tiger Reef’s rums.  Once Tiger Reef rums are legally allowed into the US, ISBG will continue to work with Tiger Reef as the importer of record and to help develop the US market for this exclusive brand, including facilitating and making key introductions in respect to distribution, marketing, warehousing, and retailers.

Both companies anticipate effecting definitive agreements in support of this Letter of Intent within the next 90 days.

“We are thrilled to add the Tiger Reef® brand of ultra premium rums to our growing portfolio of top-shelf spirits,” said Alonzo Pierce, President and Chairman of ISBG. “This is a tremendous opportunity for ISBG to make its mark on the very exciting and rapidly growing top-shelf rum segment of the distilled spirits market.” 


Apr 11, 2017

MIAMI, April 11, 2017 (GLOBE NEWSWIRE) -- Tiger Reef, Inc. (OTCQB:TGRR), a diversified producer of ultra premium rums under the Tiger Reef® brand and a developer of casual dining restaurant properties in the Caribbean under the Mermaid Reef Ocean Grill & Lounge™ brand, announces that it has retained Dynamic Creatives Group (“DCG”) to assist it with:

  • Designing the custom luxury bottles for Tiger Reef’s three ultra premium rums.
    Create case boxes for Tiger Reef’s rums that are both functional and visually appealing for use in point-of-sale (POS) displays and promotions.
    Develop a modern website that promotes the Tiger Reef brand of ultra premium rums.
    Upon product launch in the US, undertake a comprehensive social media campaign to generate brand awareness and introduce the Tiger Reef brand to target demographic groups.

About Dynamic Creatives Group

Dynamic Creatives Group is a creative advertising agency.  Our work has its roots in Scandinavia, where the leading idea is Less Is More – design which is characterized by minimalism, free space, subtlety and elegance.  We develop comprehensive corporate identities.  Starting from the logo, through the wordmark, business cards, stationery, internal and external communication documents, brochures, catalogues and any other promotional materials.  Current clients include Ferrari, Maserati, McLaren, Porsche, and Jaguar among many others.  For more information, visit www.dynacreatives.com.


Mar 29, 2017

MIAMI, March 29, 2017 (GLOBE NEWSWIRE) -- Tiger Reef, Inc. (OTCQB:TGRR), a diversified producer of ultra premium rums under the Tiger Reef® brand and a developer of casual dining restaurant properties in the Caribbean, announces that it has cancelled 90,250,000 shares of its outstanding common stock, or approximately 80%, of the 113,044,500 issued and outstanding common stock.  As a result of this share cancellation, Tiger Reef now has 22,794,500 shares of common stock issued and outstanding.

Management is exploring the feasibility of cancelling additional shares of Tiger Reef’s outstanding common stock in the future and remains diligent about finding new avenues to enhance overall shareholder value.

 

6 Month Chart


 

 

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TGRR News: Termination of Registration of a Class of Security Under Section 12(g) (15-12g) 02/05/2019 10:39:35 AM
TGRR News: Current Report Filing (8-k) 01/16/2019 08:27:07 AM
TGRR News: Statement of Changes in Beneficial Ownership (4) 01/11/2019 08:35:10 AM
TGRR News: Annual Statement of Changes in Beneficial Ownership (5) 01/03/2019 02:49:36 PM
TGRR News: Annual Statement of Changes in Beneficial Ownership (5) 01/03/2019 02:46:55 PM
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PostSubject
#4178  Sticky Note CRAZY 8K DEBT-FREE, HEDGEFUND, MMJ AND OTCQB NO R/S: nvidiaforgames 02/20/19 09:50:28 AM
#4480   We don’t know if Sitra has any personal MikeyInTheD 05/21/19 10:25:42 AM
#4479   Mick..good question,however think CEO has put time..money BRATTLECAM 05/21/19 06:11:18 AM
#4478   Yes but they have a product that is MikeyInTheD 05/16/19 03:37:11 PM
#4477   Lost me on GRLT..Did that come out of BRATTLECAM 05/16/19 03:19:50 PM
#4476   The PR did state the new investors would MikeyInTheD 05/16/19 12:02:37 PM
#4475   The concept of our new company as proposed BRATTLECAM 05/16/19 07:02:16 AM
#4474   You’re the one who asked me where he MikeyInTheD 05/16/19 12:06:01 AM
#4473   Mick..How in the world do you know where BRATTLECAM 05/15/19 08:30:51 PM
#4472   Did he go to school at TCU like MikeyInTheD 05/15/19 03:43:29 PM
#4471   Bid size approx 4 million...TGRR/GREEN BRATTLECAM 05/15/19 11:02:00 AM
#4470   You have to ask him..BTW Do you know BRATTLECAM 05/14/19 05:28:47 PM
#4469   If a deal “is pending” and a PR MikeyInTheD 05/14/19 05:24:14 PM
#4468   I never said drafted,,odd that you use this BRATTLECAM 05/14/19 05:15:57 PM
#4467   I agree completely - there is no doubt MikeyInTheD 05/14/19 04:35:05 PM
#4466   Can you please define “shortly” for the PR? The MikeyInTheD 05/14/19 04:33:36 PM
#4465   Deal is pending...TIC/TOK..Get in now before P/R...coming shortly,,TGRR/GREEN BRATTLECAM 05/14/19 03:57:38 PM
#4464   No question we need a P/R..Once it happens,multi-pennies BRATTLECAM 05/14/19 03:45:37 PM
#4463   No one is buying TGRR this week because MikeyInTheD 05/14/19 01:51:08 PM
#4462   The float isn’t all that tight anymore. MikeyInTheD 05/14/19 01:49:42 PM
#4461   When the Big/Board tanks...more Investors flee to Penny/stocks...Lets BRATTLECAM 05/14/19 07:02:26 AM
#4460   This float is so tight...have to go outside BRATTLECAM 05/13/19 07:13:44 AM
#4459   Patience.. Young Grasshopper...TGRR/GREEN BRATTLECAM 05/11/19 05:42:07 PM
#4458   We get that juicy P/R..In penny/land eyeballs are BRATTLECAM 05/11/19 07:28:09 AM
#4457   TIC/TOK TGRR/GREEN BRATTLECAM 05/10/19 11:54:18 AM
#4456   Penny/stocks will sit dormant...One positive P/R,The board will BRATTLECAM 05/10/19 06:57:48 AM
#4455   I can’t believe the lack of interest in MikeyInTheD 05/09/19 03:36:45 PM
#4454   I am led to believe it was a MikeyInTheD 05/08/19 07:07:41 AM
#4453   There are five note/holders,are you saying the others BRATTLECAM 05/08/19 06:46:37 AM
#4452   Why do you think every trade is me? MikeyInTheD 05/07/19 03:57:26 PM
#4451   As Mr T..would say,The fool retail selling at BRATTLECAM 05/07/19 02:57:00 PM
#4450   Does anyone have any actual facts of what MikeyInTheD 05/07/19 09:55:19 AM
#4449   The note/holders are at bay..They can convert..but are BRATTLECAM 05/06/19 02:03:53 PM
#4448   Only a feeling Gigi70 05/06/19 10:40:43 AM
#4447   How do you know that news is coming MikeyInTheD 05/06/19 08:59:39 AM
#4446   No I’m not trying to buy 2500 for MikeyInTheD 05/06/19 08:58:46 AM
#4445   Wonderful! This month will come good news , Gigi70 05/05/19 05:55:33 AM
#4444   Beyond meat} IPO $25 a share Wedsday..now BRATTLECAM 05/04/19 02:14:49 PM
#4443   Level 2 Blue/Skies..Note/Holders not converting..The deal is BRATTLECAM 05/03/19 12:59:08 PM
#4442   Like I said...back to the basement for the MikeyInTheD 05/03/19 10:04:16 AM
#4441   How do you know all of these details? MikeyInTheD 05/02/19 01:48:24 PM
#4440   To the contrary...The story is happening,ready to unfold..All BRATTLECAM 05/02/19 01:27:28 PM
#4439   There is no retail interest in shares now MikeyInTheD 05/02/19 11:33:35 AM
#4438   Nice retail buy at .0019..TGRR/GREEN BRATTLECAM 05/02/19 07:57:37 AM
#4437   Retail pushing on this..TGRR/GREEN BRATTLECAM 05/01/19 11:34:19 AM
#4436   I agree that 110m shares is one of MikeyInTheD 04/30/19 08:47:13 PM
#4435   The jump was because initially there was dilution BRATTLECAM 04/30/19 04:37:57 PM
#4434   This is the OTC. 110 million shares is Rocky111 04/30/19 02:26:37 PM
#4433   110m is quite the jump from 38m. MikeyInTheD 04/30/19 10:14:42 AM
#4432   Outstanding Shares is 110 as of April 1st. Rocky111 04/29/19 08:53:37 PM
#4431   You compared this with a company that had MikeyInTheD 04/29/19 11:33:18 AM
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