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Saturday, July 01, 2017 1:15:25 AM
Mr. Pierce continued to state, "My main priority is to focus all of my time on building our brands, increasing top line revenue growth and profitability which will eventually result in a increase in shareholder value. There is no reverse split in our plan in honor of our loyal shareholders. Our new, highly anticipated tequila mark, Besado is currently in production and is scheduled to launch imminently. The first shipment of 25,000 bottles of Besado and additional inventory of Dziaq will be dispersed to Florida, Texas, New York, and Georgia. Finally, we are still on track to successfully achieve our 2015 top line revenue target of fifteen million dollars."
https://finance.yahoo.com/news/top-shelf-brands-continue-fight-165100290.html
That was August, 2014.
Besado didn't "launch" for another year-plus (that counts as "imminently," right?). Except it was under a different ticker, known around here as "ISBG," after Alonzo Pierce, CEO of DKTS, "sold" the brand to Alonzo Pierce, COB of ISBG, all in the best interest of shareholders. Sure, sure, he never actually paid for it, but who's counting, right?
So how about that $15MM in revenue they were "on track" to achieve in 2015? Well, considering Besado was not actually launched until November/December 2015, they understandably had a tough time meeting that goal.
2016 was pretty much a bust, too, plus that whole Cavoda/Bow Wow/Big Tent/$100K court judgment scenario.
Never fear! ISBG assured us earlier this year that it projects $2MM-3MM in revenue for 2017! (Not sure what happened to the $15MM annual revenue from the DKTS days, but to be fair, they did manage to sell a LOT of shares before stealing the brands over to this ticker).
Anyways, SBG had $4600 in revenue Q4 2016.
It had $3500 in revenue Q1 2017.
It's gonna take one hell of a OND season to get even halfway to their minimum stated "projection," no?
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