Replies to post #45604 on Top Shelf Brands Holdings Corp. (DKTS)

[hallboy73]

This has just turned into a pile o'crap. It sucks. I followed you closely to learn what I could along the way.
I guess at this point we don't know for sure what will happen over the next few months but it doesn't look great.
The last time someone took over all voting rights that company did a reverse split then promptly went down to trips again. Awesome:(

Guess we'll see what happens. Thanks for all the information along the way.

[loanranger]

I called it a hijacking and gave you the reasons why. I don't need to hear what his reasons for doing so may have been. I don't care whether he was or wasn't the company's first hijacker. If he could deposit the excuses and obfuscations provided by him and on his behalf in the company bank account he wouldn't need to peddle discount debt by the bushel.

I only care that the reasons that I provided are true. And they are.
Copied and pasted here for verification:

1. The price he paid for what he got in return....total voting control over a company that common shareholders may have thought they (as common shareholders are wont to think) had some influence over.....was a pittance. $1,000. I expect that many common shareholders have invested far more.
2. The fact that he was able to take the action unilaterally....no one, including common shareholders, had any voice in deciding whether his action was proper and appropriate. The absence of a Board of directors, or even just a second director, allowed him to decide the terms of his acquisition without any independent influence at all.
3. The fact that the terms of the Preferred E Series, which he issued himself in November of 2013, weren't made known to either current or prospective shareholders until July of this year when YOU finally published them.
You published them after arguing for months that they were public and available to anyone who took the time, effort and cash to get them from Nevada. Of course they were never filed with the SEC, but I guess you would argue that they didn't have to be. And Pierce, who spent plenty of press release space on things like promises of a Board of Directors and audited financial statements, promises that remain unfulfilled, apparently didn't think that a press release would be a proper place to tell the public that the company was COMPLETELY in his personal hands as of November 2013 and there wasn't a damn thing that they could do about it.

In retrospect, "hijacked" may have been too generous. It was more like a robbery.