Thursday, May 25, 2017 2:24:01 PM
Looking at their current Quarterly Report page 19-31, filed on time states the following:
Long-Term Growth Plan (5+ Years)
Ultra Premium Rums
Over the next five years we plan to expand and grow the Tiger Reef® brand of ultra premium rums into new territories,
including:
• Asia;
• European Union;
• Caribbean Region;
• Australia; and
• India.
Over the next five years we plan to focus on a disciplined growth strategy of opening one new Mermaid Reef restaurant each
year. We have also identified the following Caribbean islands we intend to eventually open a Mermaid Reef restaurant:
• St. Maarten, Dutch West Indies
• Aruba, Dutch West Indies;
• Nassau, Bahamas;
• Cozumel, Mexico;
• Grand Cayman; and
• Barbados.
We estimate that we will need to raise a minimum of $5 million to achieve the above listed goals and milestones. This capital
will most likely be raised through the sales of additional equity securities, which will have a dilutive effect on existing
shareholders.
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