High Performance Beverages Comp. (TBEV)

[Highlander_1]

Thanks for the chuckle... but to get to your concern, I agree with you... I believe they, and we have suffered at the hands of predatory lenders... toxic as it were... the 10-K included the September 17 Centaurian (Jody Eisenman who works at Legends Securities) deal as a "subsequent" event to the period ending July 31st... who bought the earlier note from Pierce Csurgo June 17, 2013... this particular "Senior Secured Convertible Promissory Note" was the only one with this clause... "If an event of default occurs, the lender will have the ability of becoming the controlling shareholder of the Company."

(NOTE: My DD didn't find anything negative regarding Pierce Csurgo, and I'm not inferring that he was one of the predatory lenders...)

That concerns me... and I'll be relieved when that September 17, 2025 note, which matured Decembef 3, 2015 is confirmed as paid in full and they've been effectively able to scrape them off the bottom of their shoe... but I'm not sure how you can fault Mine or Toby for a note holder selling to someone else... which isn't to say they aren't at fault for other mistakes... which they've admitted... such as Anstalt... which is another one that I'll be relieved to see scraped off their shoe... and with any luck they'll avoid stepping into it going forward...

It was covered in a September 23rd 8-K: http://www.sec.gov/Archives/edgar/data/1504222/000121390015007214/0001213900-15-007214-index.htm

The 10-Q should document the September 17 Centauruan agreement on the notes... as well as confirm the three earlier notes as paid in full... but not what happened December 3 when the note matured, which won't be covered until the following 10-Q... but they could note that it was taken care of the way they mentioned the Centaurian agreement in the 10-K, as "subsequent" to October 31...

After a little DD on lenders Centaurian/Jody Eisenman/Legends Securities/Anstalt... .

http://www.legendsecuritiesinc.com/management.html

"The other complicit brokerage firm in the BIZM pump&dump is Legend Securities Inc. Legend Securities Inc also has a history of being complicit in stock fraud. Earlier this year, an unnamed broker from Legend Securities Inc was listed as a co-conspirator in a $30 million International market manipulation scheme that led to 14 arrests and involved several offshore accounts. Read the two Indictments for that case here and here.

Brokers linked to Legend Securities Inc include the following:

Jody Eisenman
Salvatore Caruso
Nelson Braff
David Hudzik
Anthony Fusco"

http://promotionstocksecrets.com/bizm-litigation-will-the-sec-follow-the-bread-crumbs/

More about Eisenman: Report: http://brokercheck.finra.org/Report/View/1263068/1
...Includes three "disclosure" events at the bottom of the report... allowed to resign from Oppenheimer and two customer complaints of churning and unauthorized trades... one settled in the amount of $685,000...

But TBEV is a personal deal through Centaurian Funds, LP... of which he is the General Manager of the hedge fund partnership... not Legends...

http://www.sec.gov/Archives/edgar/data/1429514/000114420411018373/0001144204-11-018373-index.htm

Centaurian Funds linked to Attitude Drinks (ATTD)... so is Anstalt... who is a majority owner now... currently no bid... http://www.attitudedrinks.com/ which is basically been turned into a World of Beer Tavern franchise...

http://inc.worldnow.com/story/27760182/attitude-drinks-inc-announces-the-joint-venture-partnership-with-new-england-wob-llc-a-franchise-developer-of-world-of-beer-taverns?config=H264

I'm pretty pleased that the note which could've resulted in Centaurian/Jody Eisenman becoming controlling shareholder didn't happen... as I suspect it happened to ATTD, and look where they are now... I could also see where that potential could've caused GHS some concern...