Home > Boards > US OTC > Food - Beverages > Top Shelf Brands Holdings Corp. (DKTS)

"This term sheet is confidential, and none of

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Carini Member Profile
Member Level 
Followed By 132
Posts 12,433
Boards Moderated 0
Alias Born 11/05/13
160x600 placeholder
Carini Member Level  Saturday, 09/12/15 09:20:00 AM
Re: HongKong22 post# 58347
Post # of 59584 
"This term sheet is confidential, and none of its provisions, or terms shall be disclosed to anyone other than a holder of promissory notes or their respective agents, advisers or legal counsel, unless required by law without the prior written consent of International Spirit and Beverage Group, Inc. Except for the confidentiality provision, this letter is non-binding and subject to the parties entering into formal agreements setting forth their respective rights and obligations."

This sounds like BS to me. You can't just send someone a letter and say it's confidential and they can't disclose it. They have to agree to that, for good and sufficient consideration, before it would be binding. Usually you would execute a separate confidentiality/non-disclosure agreement first, and then send the proposed deal, but based on the last sentence above it seems like that didn't happen.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences