Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Not sure what you mean by the meeting didn't materialize. They absolutely had a shareholder meeting last Friday.
http://investor.ferroglobe.com/news-releases/news-release-details/ferroglobe-receives-approval-9991-shareholders-voting-effect
"At a general meeting of its shareholders held on 3 August 2018, 99.91% of shareholders voting voted in favour of the resolution granting authority to the Company to effect share repurchases."
What is the current AS then? I thought it was maxed out
It doesn't at all. And before people start saying DKTS owns Bosado, no they DO NOT own it. It's been purchased by ISBG, payment just hasn't happened yet at the fault of DKTS so don't scream oh you can't take it without shareholders approval cuz yea you clearly can, it happened and they are moving on without this shell.
Looks like DKTS doesn't officially own anything and is just a dark shell. Feel bad for those that bought in on yesterday's trading. It was clearly just a bump and run. Someone probably pushed buyers to it after they bought cheap then got people to buy their shares for a profit. DKTS is done! ISBG owns Bosado whether people like it or not.
Real Question for ISBG Investors
Does it not bother any of you that ISBG DOES NOT, I repeat DOES NOT, actually own Besado? You are technically just buying shares into a shell that doesn't actually own anything. Once the DKTS shareholders bring their lawsuit on Alonzo, SEC will suspend trading until legal matter is resolved and your shares/your money is stuck until then.
I am an outsider that loves drama and have been following both forums. I strongly encourage ISBG investors to look into DKTS page and see what they are saying. This is going to get ugly and I am loving every bit of it.
With what money? You have to show revenue in order to do anything and right now they haven't shown any signs of being able to sell product let alone produce it.
And it should be alarming to you people that they don't. What don't you people get. These companies are pump and dumps and when you realize that you will start making money, but instead you hold on forever hoping to get to the promise land and then end up holding an empty bag in the end just like the DKTS shareholders. WAKE UP and realize the rules of the game.
This company and its leaders have been sketch since the jump. Stop basing decisions off their invalid promises and base it off buying low and selling at a gain. Stop holding your shares for multiple months in hopes it gains huge cuz guess what it won't. And why is that? Because AP continues to just throw out continuous smoke screens to keep shareholders from selling and moving on.
Dude, to think I am a MM is retarded. Look at my account, I created it solely because I was an investor in this stock. I made my money. I am not trying to get you people to sell. Keep your stuff, I truly mean that, I am just baffled by your ignorance in this is going to make you a ton of money. This will not go to pennies so stop thinking of it in that way. Make money on the margins, get out while your ahead. I am not trying to get your whack shares.
People will come back and say "oh thanks for caring about my money" but really thats what I am doing. Ive made money in this sector and I am trying to show people the way. Its not about holding for years hoping to become a millionaire off one stock. Its about taking the gains when you can and then re investing else where. You people thinking this is your lotto ticket are fooling themselves.
SERIOUSLY READ MESSAGE THIS IS A REPLY TO... THIS IS THE SAME SONG AND DANCE AS DTKS. BUT YET YOU PEOPLE STILL DON'T LISTEN.. INSANITY IS DOING THE SAME THING OVER AND OVER AND EXPECTING DIFFERENT RESULTS
In November 2014, DKTS finally announced flavor approval for Besado, saying
Quote:
________________________________________
"Now that the flavor recipe is approved, the AFLD will review the application for and Certification/Exemption of Label/Bottle Approval (COLA) submitted by Top Shelf Brands as the final step in the approval process."
www.otcmarkets.com/stock/DKTS/news/Besado-Tequila-Flavor-Recipe-Approved-By-TTB?id=92103&b=y
________________________________________
From that point on, longs were sure that COLA approval was coming any day and then we fly!
In that same month, Pierce set up Besado Tequila LLC and Dziaq LLC in Louisiana. They were never disclosed but eventually found (around January I think, after there was a strange press release from another company (Fima, Inc., ISBG's predecessor) noting that Alonzo Pierce had been made the new Chairman). That's when we started to piece together that he was going to transfer DKTS's assets out of that company and into ISBG. Even the lenders didn't know (see why they're still pissed?) That was all obviously laughed off by longs who said it was pure speculation and ridiculous because nobody would do that.
Actually those LLC's were applied for the very day that Pierce settled the lawsuit from his former business partners for 125MM shares. That, IMO, is when he plotted his exit strategy to try a "fresh start" at a new shell.
On that COLA approval for Besado, which anyone reading the November PR would believe was in the works, it turns out the company didn't even apply for it until February 2015. In the meantime, DKTS released in January 2015 those PR's about the "industry veterans" joining the company, and the "music mogul partners" they had signed deals with. They announced a Besado launch party at Akon's club in Punta Cana, Dominican Republic, in the first week of March. Never mentioned it again, and it never happened. Also, in March 2015, Fima, Inc. announced it was merging with ISBG, and said it would have big news soon about it's "brands."
Oh, also, it's worth noting that on March 31, 2015, Pierce released the following PR:
Quote:
________________________________________
HOUSTON, TX / ACCESSWIRE / March 31, 2015 / Alonzo Pierce, CEO of Top Shelf Brands Holdings, Inc. (a Nevada Corporation) (DKTS), is pleased to announce that the company has reached an accord with all of the DKTS debt holders to extend the terms of the notes without any additional consideration. Under the revised agreement, the debt holders cannot convert debt into equity for at least one year or until there is a registration statement.
"The two most important things to take away from this agreement are that every single debt holder unequivocally supports the direction of the company by their agreement to the term extension and secondly, they agreed to do so at no peril to the company," said Alonzo Pierce, CEO of Top Shelf Brands. "This truly is a united group of investors who believe that the company is on the verge of a bright future and that they will be rewarded for their patience."
Pierce would like to thank the lenders for their unwavering support and understanding. Pierce also noted that he is quite aware that the extended period of time that it has taken to acquire label approval and has put enormous pressure on shareholders but sees it all coming together for the common shareholder.
"Relatively speaking, we have very little convertible debt but the added financial support from these folks has helped the company weather some very interesting storms along the way," Pierce said. "I look forward to all the supporters of Top Shelf Brands being rewarded for their investments."
________________________________________
Does that sound familiar? It should, see here:
http://www.otcmarkets.com/stock/ISBG/news/ISBG-Restructures-over-75--of-Convertible-Debt?id=149072&b=y
(by the way, several lenders subsequently posted on the board to say that they had never made any such agreement or agreed to any terms. Hmm....)
Anyway, a couple weeks after that, at long last, on April 14, 2015, DKTS announced it got label approval for Besado. Finally, the shorts were burned and it was time for the longs to be rewarded. The stock had been trading in the .0008-.0010 range (sound familiar?), then briefly popped to touch .0015, then plummeted to .0004 within a matter of weeks on selling very similar to what appears to be happening here -- i.e., a neverending ask, put up in small blocks by non-dilutive MM's (i.e., NITE and CDEL in 1-3MM blocks, not VNDM or VFIN), which refilled every time it was clear, stepping downward as soon as ask pressure stopped.
Remember, at this time the whole Besado transfer from DKTS to ISBG was clearly the plan, yet the company never disclosed it and certain board members vehemently denied it. On April 14 the company PR even said: "Now the fun really begins for everyone who had the intestinal fortitude to weather a few storms along the way. On to the top shelf at bars and retailers for Besado – it is truly time to see why she liked it before she liked you or why she consider you having a dark side." (whatever that means)
The next day, April 15 2015, they released another PR announcing the approval of Besado Oro's COLA. Without mentioning any of the big things that had been said to be in the works in the previous six months or so, that PR contained this statement:
Quote:
________________________________________
With the label approvals in hand, Top Shelf management and advisors are set to roll out a new Besado website. Development of the site has been under way for a few weeks and will be unveiled sometime in May. Top Shelf Brands will make sure that Besado has a strong social media presence as well.
http://investorshub.advfn.com/uimage/uploads/2017/2/14/wiqmvABC.jpg
________________________________________
Does that sound familiar?
Quote:
________________________________________
A new website is also scheduled to be unveiled in the spring. This website will increase brand awareness in addition to incorporating educational tools for account managers, retail store owners, bartenders and consumers. It will feature an enhanced search option that will allow users to locate accounts that currently sell our products (in development). The site will also ultimately have a fully operational online store where consumers will be able to purchase popular promotional items such as t-shirts, caps, posters as mentioned in past weeks.
http://www.otcmarkets.com/stock/ISBG/news/ISBG-aims-for-up-list-to-OTCQB--New-Website-to-Come?id=151030&b=y
________________________________________
So, to be clear, DKTS was issuing PR's saying debt was restructured, approvals were in, andit's finally time, everything is gonna be great, etc., etc., while at the same time implementing a plan to transfer the company's right to Besado to a completely different company where Pierce was Chairman.
In fact, on April 21, 2015, the company issued another PR (since removed from otcmarkets). I'll excerpt the parts that should look familiar:
Quote:
________________________________________
Houston, TX, April 21, 2015 / ACCESSWIRE - Top Shelf Brands Holdings Corp., Inc. (a Nev. Corp.) (OTCBB: DKTS)
Alonzo Pierce, CEO of Top Shelf Brands Holdings, Inc. (a Nevada Corporation) (OTCPK: DKTS), is pleased to provide this Update to its Shareholders.
...
The Company faced a few minor speed bumps and hurdles throughout the last 12 months. We absolutely expected some challenges, but despite our best intentions and efforts, delays occurred. Nonetheless, we met every challenge head-on. We have done so and our efforts and persistency paid off when we received full TTB Approvals for both Besado Oro and Besado Platinum Brands.
...
Here is an Update to provide you with a better understanding of what the next 30-90 days looks like:
-- BESADO TEQUILA
Phase One - Pre-Production / Pre-Launch
Aside from securing the earliest available production time to sync with the arrival of our glass and closures, we must also commence the following:
-- A new Besado-dot-com Website designed and developed immediately, with Phase One completion within 30 days.
-- Social Media channels established and developed -- and populated within 30 days.
-- POS and POP merchandise designed, developed, and ready-for-market within 30 days.
-- Secure and purchase initial Premium Tequila allotment as well as first-run herbal ingredient minimums.
Before we can successfully engage both media and consumers (both trade and actual), we must have our Website and Social channels activated. This will provide our customers, retailers, distributors, and on-premise Accounts alike with a far better understanding of our Brand and the opportunity.
-- DZIAQ LIQUEUR
I'm happy to Announce we are making great headway with the slight re-Brand of our Dziaq Liqueur. We are re-engineering the product to be wine-based. This will provide us with double the retail reach in comparison to its previous Spirit-based formulation. We will, in fact, have two (2) Offerings (see below) that are lightly carbonated; wine-based ready-to-serve style beverages in both 750ml and single-serve formats.
...
Vibrant re-packaging and formulation is underway that not only provides us a fresh modern look, but also reduces our original unit cost by over 40%.
Here are a few additional items to Update:
-- Supply Chain and Logistics
Top Shelf is in late-stage talks with a firm to come in and run our complete back-of-house National Logistics, Compliance warehousing, inventory, shipping, and receivables. [remember this is April 2015]
Climate-controlled warehousing will be placed within TX, FL, NJ, and CA. Upon completion of this Agreement, we will have a fully-scalable, National infrastructure, a 50-State Wholesale platform and, equally as important, the ability to place our focus on growing effective Brand awareness and selling product.
-- Online Retail
We plan on Announcing a National 50-State Online Sales platform that will allow consumers in all Zip Codes to purchase our products directly off of our own Website. It has been renewed and improved to allow additional consumer shipping options. We are also in the midst of preliminary talks with Amazon.com to carry our complete Dziaq Liqueur (being wine-based) Line commencing for fall 2015. NOTE: currently only wine-based products are available via Amazon.
...
-- Financing and Capital Markets
This has been one of our greatest challenges. As a result of issues at the Company prior to my involvement, the Company remains in a "DTC Chill" status. In addition to the DTC Chill, issues with the Corporate shell have made the Company ineligible for Restricted Shares to be Sold under Rule 144.
This has made raising Capital Funds very problematical. In the past, we have been successful in raising Capital through the issuance of Convertible Debt; however, this has become very difficult since the Company is not Rule 144-eligible.
Our funding ability has been compromised and we are reviewing many alternative forms of Financing in the hope that one may be available to us. If our efforts are not successful, we may be forced to identify a Joint Venture Partner or an outright sSale of the Distribution Rights for the products.
________________________________________
Read that last part again. That was the "disclosure" of the ISBG plan, couched as an "if we can't find capital, we may have to look for a partner."
Kinda similar to "if the market can't get us to .01, we may have to R/S to uplist," no?
About 3 weeks after the above PR, in mid-May 2015, DKTS announced the sale of Besado/Dziaq to ISBG (surprise surprise!). That was after a couple PRs from DKTS about how it was going to "consider" the offer from ISBG to purchase the brands (remember this is ISBG-Pierce making an "offer" to DKTS-Pierce), and it would only accept the deal if it "was in the best interest of shareholders."
There was some posting from die-hard longs about how this was all a good thing, and the company wouldn't do it if it wasn't going to be good for shareholders, and speculation about how many pennies the purchase price would be, etc.
It wasn't long after that before the stock hit no bid, with a maxed out A/S, and stayed there ever since going on two years. To my knowledge no DKTS shareholder has ever received the promised dividend, which was promised when ISBG was priced at .02 per share with 100MM O/S, and as it now stands, would be worth .0010 per share with a maxed out A/S at 3 billion.
So, with all that as context, consider this chart, and see if you understand why the market doesn't quite trust ISBG's forward looking statements anymore...
"The launch of our Besado Tequila is now. With eye-catching packaging, innovative formulation, and a superior taste profile the brand has caught the attention of top distributors, retailers, and targeted key establishments. ISBG has secured domestic distribution with a top US national distributor and has also procured a dynamic export partnership. We will be announcing the details of these partnerships shortly," Williams continued. -- May of last year
Where is that national distributor now? Anyone can just make up a potential partnership deal only for it to fall through.
Dude they have been saying stuff like this for the last two years.. How'd that MetLife deal go? You are taking PR statements more seriously than verifiable facts and the history of the companies actions. I don't understand that logic.
How do you know that this actually isn't a scam? The people at DKTS would disagree with your opinion. Oh wait they actually know something that is true and aren't just speculating like a newb.
You know companies have gone out of business trying to expand too fast for its own good? Their best option is to conservatively expand and not try to blow up instantly but idiots like you see big $ signs way too early and wanna press the action. Get rich quick schemes never work.
Exactly!!! That's what I am preaching though. Get in and get out with profits.. In penny stocks, its took risky and not wise to hold on hopes that it will bingo. Like another commentator mentioned, buy at downswings and sell on upswings and take the profit.. don't ride the roller coaster the whole time. These fools on here saying "oh I'm holding on for pennies and .01" are setting themselves up for failure all the while day traders and people that understand how penny stocks work are cashing in. Just take some time and think about it.
This stock for example has continued to release PR that has never been substantiated and people on here are eating it up like its going to make them millions. Just run the numbers for yourself, too much outstanding, including continued dilution. Reverse split is coming, to believe it isn't you are a fool. Oh and the DKTS fiasco is coming. Those investors are pissed he stole the brand from underneath them and ran of with it.
Some people are really drinking the Kool-aid.. pump the breaks
Is no one on here worried that A.P. will do what he did to DKTS? Sounds like he literally just stole the product and never paid the shareholders or investors. I own this so I am not trying to do any scare tactics but I'd figure more people would be worried about that but all I see is positive comments.
Beginner here and am not trolling just honestly looking for the rationale. But how can some of you guys predict this going up to a penny or even .5 when there are so many shares out there. New shares keep unlocking but the revenue of this company isn't even close to warrant that kind of evaluation. I am probably missing something but the math just doesn't add up to me unless you are speculating on a couple years out or more. But if there are 3 billion plus shares but only have a couple million in revenue, no way could the pps get that high.