Replies to post #43004 on Top Shelf Brands Holdings Corp. (DKTS)

[market_twain]

No one knows if the new shares are restricted. Several are assuming they are, but no one knows.

[bfavre40]

Thank you for your input and for posting that link about MR. TEMN is in no wrong in terms of that IMO. Shares do still remain a question, but again thanks for your analysis

[loanranger]

"1) The 5 million dollar line of credit for the Venture Capital firm, who are legitimate. Do you believe that did if for free, they are venture capitalist."
We have no idea what they did it for, or if they actually did it at all.
No terms were provided.
No mention of the agreement has been made in the 4 months plus since it was announced, in any of the 11 press releases that the company has issued.
There's no sign or mention of the credit line in the financial statements and officer disclosure filed recently.
This so-called Venture Capital firm can't be connected to any other public company.
The announcement of the line of credit was made simultaneous to a promotion conducted by the firm and operators that you linked in the first line of your post, who were civilly and criminally charged with securities violations.

"2) The acquisition of rights for different brands. Do you believe that was free."
Again, no one has any idea whether that was acquisition for free or exactly what it was done for.
The press release announcing the acquisition said:
"Financial terms of the agreement with OTR will be disclosed through an 8k filing. "
Here's what we learned from the promised 8-K:
"Top Shelf Brands Holdings Corp., (OTCBB: TEMN), announced on April 28, 2014 that it has completed the acquisition of the Dziaq Liqueur and Besado Ultra Premium Tequila brands from OTR. Further details of the transaction will be included in financial filings at a later date."
The 6/30/14 Balance Sheet reflected NO increase in the asset known as Intellectual Property. Were the rights acquired worthless or were they not recorded?

Please see if your due diligence can explain what happened to Items 1&2.


"3) The adding of two advisors, asking them to risk their name and reputations. Do you believe that was free."
Probably not.


"I hold a Law Degree with a specialty in Corporate Governance."
"We will see, but as long I have some gambling money, I will take the chance."

This company has only one officer and a single director. and while audited financial statements have been promised, they haven't been provided.
From a corporate governance standpoint, doesn't that add a lot of risk to an investment or do you recommend that people only use TEMN as a trading vehicle?