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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: Annual Statement of Changes in Beneficial Ownership (5) 05/09/2018 09:44:33 AM
TGRR News: Statement of Ownership (sc 13g) 11/20/2017 01:50:33 PM
TGRR News: Current Report Filing (8-k) 11/15/2017 04:37:28 PM
TGRR News: Current Report Filing (8-k) 11/13/2017 01:02:25 PM
TGRR News: Current Report Filing (8-k) 11/09/2017 10:41:31 AM
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#2842   Great point! That's why the stock will not seven77 09/21/18 03:02:47 PM
#2841   Note holders can make a lot more money BRATTLECAM 09/21/18 02:56:00 PM
#2840   So who’s selling then? It’s obvious on the tape. A2DaZ 09/21/18 02:09:26 PM
#2839   Why would anyone need to manipulate the stock MikeyInTheD 09/21/18 12:52:14 PM
#2838   No one wants to sell at these levels seven77 09/21/18 12:44:58 PM
#2836   It’s not the company trying to fool investors. MikeyInTheD 09/21/18 10:34:15 AM
#2835   All this speculation and no response from company A2DaZ 09/21/18 09:40:26 AM
#2834   Thank you for the thoughtful comments. I MikeyInTheD 09/20/18 09:51:53 PM
#2833   Let's keep this organized. My post offers a seven77 09/20/18 07:26:11 PM
#2832   Cramer Mad Money talking about CBD Market..this sector BRATTLECAM 09/20/18 06:23:17 PM
#2831   The worst case scenario,which won,t happen, as a BRATTLECAM 09/20/18 06:09:37 PM
#2830   Think we can get to .75 and convince MikeyInTheD 09/20/18 04:19:00 PM
#2829   I just stated what happened last time there seven77 09/20/18 02:43:41 PM
#2828   So the new price target is .75? MikeyInTheD 09/20/18 02:35:21 PM
#2827   Hal got that right..TGRR/GREEN BRATTLECAM 09/20/18 02:17:47 PM
#2826   You might have said the same thing when seven77 09/20/18 02:02:53 PM
#2825   Blue Water Global Group, Inc. (BLUU) Acquires Significant seven77 09/20/18 01:53:37 PM
#2824   Gigi we finally agree...that does sound really good. MikeyInTheD 09/20/18 01:52:31 PM
#2823   Why do you feel this way? Can MikeyInTheD 09/20/18 01:50:48 PM
#2822   Stream Flow Media - that is a trigger MikeyInTheD 09/20/18 01:48:58 PM
#2821   Thx for your thoughts , its sounds good;-) Gigi70 09/20/18 01:24:29 PM
#2820   Completly agree Gigi70 09/20/18 01:23:29 PM
#2819   With the current share structure how far can seven77 09/20/18 12:55:20 PM
#2818   TGRR >>> THE NEXT NBEV $$$$$ I HAVE halbroke1 09/20/18 12:39:19 PM
#2817   TGRR/GREEN look at GCA# was grey/ uplisted BRATTLECAM 09/20/18 08:55:54 AM
#2816   Let's Speculate and keep a close seven77 09/20/18 01:00:36 AM
#2815   What does this have to do with a MikeyInTheD 09/19/18 05:35:48 PM
#2814   Someone throw 2500 shares into the bid means Gigi70 09/19/18 02:49:38 PM
#2813   „Coca-Cola Is Eyeing the Cannabis Market“ https://www.bloomberg.com/amp/news/ar Gigi70 09/19/18 01:31:56 PM
#2812   Insane https://www.rollingstone.com/culture/culture-news/new-study-cbd-market-22 Gigi70 09/19/18 01:29:52 PM
#2811   Thx for your opinion , i am agree Gigi70 09/19/18 01:05:36 PM
#2810   GiGi the CBD market is going to BRATTLECAM 09/19/18 12:59:14 PM
#2809   https://ih.advfn.com/p.php?pid=nmona&article=78032973 from ISBG Gigi70 09/19/18 09:57:16 AM
#2808   L2 is looking great here. Law of Averages 09/19/18 09:55:16 AM
#2807   nickle skizimus 09/19/18 09:36:11 AM
#2806   Not quite as bad as the stuff the MikeyInTheD 09/19/18 09:09:04 AM
#2805   Your sarcism sucks.TGRR/GREEN will be a Pheonix rising BRATTLECAM 09/19/18 09:01:41 AM
#2804   They could change their name to Tiger Reefer MikeyInTheD 09/19/18 08:54:14 AM
#2803   GiGi...This is the wild wild West anything is BRATTLECAM 09/19/18 07:36:55 AM
#2802   this would be insane Gigi70 09/19/18 04:58:24 AM
#2801   Call me crazy..ISB# LOI with a CBD Co,Coke-Cola BRATTLECAM 09/18/18 04:19:44 PM
#2800   Thanks CryptoJ0x 09/18/18 03:46:24 PM
#2799   Is that your order for 12m shares @ MikeyInTheD 09/18/18 03:35:20 PM
#2798   ,IMO much better.Low floater with the slightest P/R, BRATTLECAM 09/18/18 02:47:49 PM
#2797   IMO much better.Low floater with the slightest P/R, BRATTLECAM 09/18/18 02:47:49 PM
#2796   But that doesn’t mean anything for THIS ONE. CryptoJ0x 09/18/18 12:45:41 PM
#2795   Gigi with the strong perception and low floater BRATTLECAM 09/18/18 09:26:34 AM
#2794   So it only went from .46 to .0007 MikeyInTheD 09/18/18 09:03:28 AM
#2793   Gigi got that right!TGRR/GREEN Renaissance..get your shares now.. BRATTLECAM 09/18/18 08:57:46 AM
#2792   I found that, is that true that ... Gigi70 09/18/18 08:31:57 AM
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