HERE IS SOME DD FOR EVERYONE, THANKS TO SMALLCAPSMARKET! SOMEONE WHO HAS KNOWN ALONZO FOR OVER 5 YEARS!
Sure, but there's more than 4 LIES, and......
I'm certain I'll leave some out. It's hard to keep up with all of them.
1) Pierce said. "I look forward to all the supporters of Top Shelf Brands being rewarded for their investments."
Pierce had already left the building to ISBG when he posted that BS. He settled a lawsuit with Craig Huffman, who is now his hero, and made DKTS Rule 144 ineligible. That's why he came here to ISBG, to leave another ticker in his wake. He's been involved with 2 REVOKED tickers, FDKS and TEXX, and DKTS will never recover until another comes along to hijack that shell like he did.
2) 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.
That was false and many of the lenders posted as much. The PR above was in March 2015, the filing below was more than 6 months later.
On November 18, 2015, DKTS made an offer to note holders of $347,000 of debt. 75% (260,625) of the notes would be moved as equity into a Series B Preferred Class of Shares and the note holders would receive the remaining 25% in DKTS shares.
List of Note Holders: Eastern Distributors, Greg Labute, James Erickson, Gabriel Ferrer, Jefferey Hengdesh, Micaddan Marketing, Nicolas Wallace, OTCGP, Raymond Ciarello, Shane Hengesh, Gregg Boehmer, Lou Fortunado, Steve Cao, Ting Jing Yuan,
3) the debt holders cannot convert debt into equity for at least one year or until there is a registration statement.
The suggestion audits were coming had become a broken record, even then. Pierce wore that puppy out long before coming to ISBG.
4) Being a federally licensed importer and supplier of alcoholic beverages gives us a competitive edge.
That's really like 4 and 5, but we can lump them together as number 4. First, TSB has never EVER been licensed at any level to participate in any way in the spirits industry. Secondly, there is no federal license to "supply" alcohol, that is a state and local issue.
5) A LIE by omission, but there was no mention of the $1.9MM owed to DKTS for the brands, but it goes back to #2 and shows Alonzo is full of #2.
Why did the debt owed to DKTS not show up on the balance sheet when they canceled the shares ISBG (ahem) really really really intended to issue to DKTS shareholders?
On May 14, 2015, DKTS management presented ISBG with a valuation of the Besado and Dziaq Brands of $2,880,833. With ISBG purchasing a 75% stake ($2,160,625), ISBG would use the 14-day weighted moving average (WMA) of its stock price to guide DKTS management in determining the ratio of shares to be issued to DKTS shareholders. Using the WMA of .02 (as of market close on May 13, 2015), a 1-15 ratio would be used to determine the issuance of shares to each shareholder of record as of May 26, 2015. Included in the $2,160,625 is 75% ($260,625) of the debt holder notes in DKTS that will be absorbed by ISBG.
6) Besado Platinum Tequila™ is currently available in Texas, New York, New Jersey, Florida, Louisiana and Maryland.
There is no such thing as Besado Platinum Tequila. It's classified in another category by TTB. The bottles you see pictured on the shelves has the EXPIRED COLA. You can check it here. Change the year in the first date to 2013 and it will bring up all the Besado COLA's. You'll see they've had quite a time with their applications.
Class/Type Code: OTHER SPECIALTIES & PROPRIETARIES
